Economic importance of tourism and its advantages

Traveling has always been a fantastic opportunity for people to discover new worlds. When you travel somewhere, you experience fantastic new feelings! Nonetheless, did you know that tourism and traveling are very important for the growth of the economy? The importance of tourism cannot be underestimated. Let us take a look at the top 7 advantages of tourism for the economy! 

Economic importance of tourism and its advantages
What is tourism? Tourism involves traveling for business and pleasure! It is currently a dynamic industry which can help the economy of many countries. Some countries even go the extra mile to develop their entire environment and create tourist attractions. Tourism affects people and industries all around the globe; it is also a great sector for business purposes! 

Types of Tourism


Types of Tourism

 You can find a lot of interesting types of tourism in the world. Nonetheless, all of these types can be summarized and divided into three categories: 

Outbound Tourism. This is the most familiar category of tourism which you can find. It may be tourism connected with visiting other countries. For instance, when Nigerians visit territories outside the country or their own state.
 Inbound Tourism. When tourists come from other countries to visit yours, it is called inbound tourism; this helps Nigeria to develop businesses and enterprises. Therefore, it is necessary to develop this category of tourism. 
Domestic Tourism. This is the most popular category of tourism in every country including Nigeria. Almost half of Nigerian tourists are citizens of the country that travel all around the states. 

Tourism can be divided into the following categories: 
Winter tourism; 
Mass tourism; 
Niche tourism; 
Sustainable tourism;
Ecotourism; 
Volunteer tourism;
Pro-poor tourism;
 Recession tourism; 
Medical tourism; 
Educational tourism;
 Creative tourism; 
Experiential tourism; 
Dark tourism; 
Social tourism; 
Doom tourism; 
Religious tourism;
 Space tourism; 
Sports tourism;
 Business tourism. 

Every single type of tourism can provide great benefits for the host country!

 Importance of Tourism in Nigeria 
Importance of Tourism in Nigeria – Top 7 economic advantages
Tourism in Nigeria has not risen to the peak of its potential yet; it still remains a vital sector of the economy that needs to be developed as it can come with a lot of advantages. Let us check out the top 7 advantages of tourism in Nigeria! 

1. Employment 
1. Employment



This is one of the most important advantages of tourism for Nigeria. The unemployment rate in the country is very high and tourism can provide job positions for guides, restaurants, coach services and hotel staff. It will create a great opportunity for business development! It is especially good for the production of local goods as tourists like to buy local souvenirs. It can also provide additional revenue to the local budgets.

 2. Additional income for the local communities 

2. Additional Spending of the local communities
Tourists like to spend money on local attractions. Nonetheless, people from local communities also spend much more money. A huge range of basic human requirements are purchased by tourists in cities. In addition, international tourists usually come with dollars or euros that have to be exchanged for naira, thereby providing foreign exchange. These foreign currencies help to stabilize the economy of local communities. 

3. DiversificationEconomic im3. Diversificationportance of tourism and its advantages

Tourism brings diversification to the local economies; it helps to develop new forms of income, thereby increasing the creativity potential of local businesspersons. Additional dollars from tourists may work as an insurance policy for the local governments. It is also important for rural communities whose main source of income is the agricultural sector; communities need support from more than one sector of the economy. 

4. Infrastructure 

4. Infrastructure



When tourists come to the local communities, the speed of infrastructural development increases. More tourists means more funds that will provide new roads, parks and public social amenities for the locals. Better facilities bring more tourists and great advantages for the locals who get to enjoy them too! It will provide enough revenues to build schools, hospitals and even airports. 


5. Social Advantages
5. Social Advantages


 Locals can also enjoy fantastic cultural advantages from tourism! Tourists come with new cultures and ideas, therefore, you can witness the diversification of cultures in the most cities of the world that are often visited by tourists. Moreover, local cultures can also be promoted by tourism; for instance, tourists can pay to watch local dances and buy local souvenirs, etc.


 6. Ecology 

6. Ecology Advantages

Advantages Do not forget that bad air or environmental pollution will discourage a lot of tourists from visiting a country, so dirty and polluted cities cannot be nominees for the best tourist cities of the world. This is why local communities who are involved in the tourism sector of the economy spend money on cleaning their cities.

 7. Opportunities 
7. Opportunities



Constant visits from tourists can bring a new kind of life to the local communities; it can make them socially, economically and ecologically active. Therefore, it is quite possible to create a super mega-city out of a depressive town if you invest in tourism.

 Conclusion 

Tourism in Nigeria is not a very developed section of the economy. Nonetheless, it is necessary to follow the trends of developed countries who invest a lot into the tourism sector. It can help to diversify the Nigerian economy and provide a positive image of the country in the international arena. 

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