Economic Impact of Tourism in Developing Countries

Economic Impact of Tourism in Developing Countries

Authors

Mrs. Sara Elias, Assistant Professor, Jain Deemed-to-be University – Center for Management Studies, Bengaluru

Shree Kumari, Jain Deemed-to-be University – Center for Management Studies, Bengaluru

Selina Mahar, Jain Deemed-to-be University – Center for Management Studies, Bengaluru

Samriddhi Bilaska, Jain Deemed-to-be University – Center for Management Studies, Bengaluru

Danish Haque, Jain Deemed-to-be University – Center for Management Studies, Bengaluru

Rewti Vijay, Jain Deemed-to-be University – Center for Management Studies, Bengaluru

ABSTRACT

Tourism stands as a beacon of vast economic growth potential, offering immense opportunities for emerging and developing nations to bolster their economies. Despite the attraction of exotic locales and cultural richness, there exist regions within developing countries, notably in India, which remain quite underexplored and significantly underutilized in the tourism sector. This research aims to shed light on the economic ramifications of this untouched potential by delving into states in India that have yet to capitalize on their tourism assets.

This research aims to propose action-oriented strategies and policy recommendations aimed at harnessing the latent tourism potential of these often-neglected states. By understanding the complex interplay between economic development, cultural heritage, infrastructure, and marketing strategies, policymakers and stakeholders can pave the way for sustainable tourism growth, which, in turn, fosters socioeconomic upliftment and inclusive prosperity in these regions.

Ultimately, this study aspires to contribute to the discourse on tourism development in developing countries, offering valuable insights into the economic impact of tourism and charting a course towards unlocking the latent potential of marginalized regions in India and beyond.

KEYWORDS

Tourism development, Economic Growth, Developing countries, Tourism potential, Cultural heritage, Sustainable tourism, Policy recommendations, Socioeconomic upliftment.