Positive ImpactsEconomic Effects of Globalization on the Tourism and Hospitality IndustryOver the last 20 years the tourism and hospitality industry has been booming, Arrivals worldwide in several countries increased from 613 million in 1997 to an estimated value of 700 billion in 2003 with the projection of one billion by 2010 and 1.6 billion by 2020. The positive economy for tourism It was in 2003 that European countries have more tourists around the world, air travel for both business and pleasure reached double the rate of 1985, and meanwhile the growing strength of the US economy also requires tourism and hospitality. (Tim Knowles, 2006) Technological impacts Technological globalization attracts many tourists, for example Singapore Flyer, using faster and newer technologies in hotels to satisfy the customer. 5. Promotes Creativity: Organizations are constantly thinking of new and creative ideas to attract more tourists 6. More Job Opportunities: Due to globalization, more visitors are coming to our country and hence more people are needed to serve and satisfy their needs , therefore globalization also helping the hospitality industries to find jobs for many
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