Tourism Revenue By Country

Tourism plays an important role in the economy and it is a major source of revenue for most countries around the world. Countries have invested in tourist attraction sites and infrastructure within their countries to attract both domestic and international tourists. International tourists account for more than 50% of revenue earned from tourism in most countries. An expense incurred by inbound international visitors on goods and services and sometimes passenger items received in the country visited is referred to as international tourism receipt. These payments may include airfare, accommodation fees, shopping fee, money spent on food, and entrance fee paid for public facilities.

Countries Earning The Most From International Tourism

United States

International tourism is an important part of international trade in the United States. The range of tourist attraction sites, including parks, museums, historical sites, hotels, recreation centers, gambling, and sports venues, are among the factors that are responsible for an increase in international tourist receipt in the US. The majority of the international tourists came from Mexico, Canada, and the UK.

Spain

Spain is the second highest earning country in the world when it comes to tourism. The number of international tourists visiting Spain have increased over the years. Environmental factors such as favorable weather, romantic coastline, beaches, and the 44 world heritage sites were significant factors that influenced the arrival of international tourists in Spain.

United Kingdom

The United Kingdom (UK) earns the third highest amount from tourism in the world. The majority of those who visited the UK went for holiday, business, and studies. London was the most visited city in the UK with Manchester following closely. Some of the famous sites most frequently visited include the British Museum, the National Gallery, Tower of London, and the Science Museum.

Foreign Tourists Serve as an Economic Boost

International tourism is a major source of revenue that directly affects the growth of a country’s economy. The revenue generated from tourism can be used to develop other sectors of the economy such as transport, health, and education. International tourism has also opened up employment in most countries especially in the local communities. France recorded a total of 1.2 million jobs created as a result of tourism leading to the further generation of revenue through taxes. Hotels have also been built to meet the high demand for accommodation in the visited countries. International relations have also been strengthened through international tourism.