Master of tourism economics and hotel management (MTEHM) 2012
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In spite of widespread political and economic constraints imposed on global tourism development during last few decades, world tourism industry has emerged as one of the fastest growing single industries in the world. Its performance has been highly acclaimed to the comparable performances of many other export industries during the same period. At present, global tourism industry represents around 11% of the world’s GDP, around 8% of global employment and around 9% of global wages. It is also the largest single employment generator of the world economy today. International visitors’ spending represents around 8% of world exports too. Moreover, tourism has been identified as one of the top five export categories in 83% of the total countries of the world.
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