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Reasons for Downturn in Worldwide Tourism

Tourism is a major industry on a worldwide basis (Frechtling, 1991, pp. 4951). For many small, developing countries, tourism is a major source of income. For major industrial countries, such as Canada, Japan, and those in western Europe, income from tourism is an important source of income (Goodrich, 1991, pp. 3741). Travelers from the United States comprise the largest national segment of the worldwide tourism industry. Thus, when in the wake of terrorist activities, war, and other events directed at or affecting Americans, tourism by Americans declined substantially, and adverse economic effects are felt around the world.

Prior to 1973, tourism was a major growth industry on a worldwide basis. The energy crises of 19731974 and 19791980 increased the costs of travel significantly, because of jet fuel price increases. Tourism growth suffered as a result during and shortly after each of the energy crises. Just as worldwide tourism was poised for another growth period in the early1980s, the most severe economic recession in more than 40 years hit the United States, and most other industrialized countries experienced economic recession soon afterwards. Thus, the anticipated international travel boom never materialized.

In late1983, however, the United States economy entered a recovery period, and, in the following two years, most of the

other industrial economies also began to recover. In 1984, the long hoped for international travel boom finally got under way. In early1986, however, tourism was again to suffer. This time it suffered, as a result of terrorist attacks directed at Americans. In one sense, terrorism was not all bad for tourism in the context of economic benefits for specific countries. The terrorists in 1986 were largely Palestinian and the targeted victims were, for the most part, American Jews. Thus, most of the terrorist attacks involved travel in Europe and the Mediterranean area....

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Reasons for Downturn in Worldwide Tourism. (1969, December 31). In LotsofEssays.com. Retrieved 00:47, March 29, 2024, from https://www.lotsofessays.com/viewpaper/1691737.html