Question:
What are the Disadvantages of Developing the Tourism Industry?
Author: eric_galvaoAnswer:
-Increasing Tourism may Increase Imports (capital goods to Build the Hotels and Parks or Goods demanded by Tourists) which will Negatively Affect the Balance of Payments -Extra Tourism leads to Environmental Damage or Disturbances for the Local population -Demand in Tourism is Income elastic - It will Increase Quickly if People's Incomes rise. But during Economic Downturns, the Tourist Industry will suffer Poorly, as Demand falls quickly -Finally, Tourist Destinations won't forever be Popular. Tastes can change Quickly
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