Open AccessEffective Strategies for Development of Tourism Sector: A Critical Review
Author(s) -
Shazia Hassan
Publication year - 2020
Publication title -
asian review of social sciences
Language(s) - English
Resource type - Journals
ISSN - 2249-6319
DOI - 10.51983/arss-2020.9.2.1623
Subject(s) - tourism , foreign exchange , earnings , revenue , business , tourism geography , economic sector , clothing , economy , economics , economic policy , market economy , political science , finance , law , monetary economics
The tourism sector is gaining increased importance for the economic development of countries around the world. Tourism sector has emerged as an important sector of Indian economy and contributes substantially in the country’s Foreign Exchange Earnings. Tourism is the third largest foreign exchange earner after gems, jeweler and readymade garments and represents vibrant economic sector with overwhelming growth and revenue generation. The purpose of this paper is to give a theoretical overview of the classical and contemporary business strategies that can be implemented in a more or less modified form for the development of tourism sector.