ܖ6�M� Revenues from Tanzania’s tourism sector increased by 7.13% in 2018 compared to 2017 thanks to the increase in arrivals from foreign visitors, the government disclosed.
In 2017 alone, tourism generated around USD 3 billion which formed a massive chunk in 25% of the country’s foreign exchange revenues. In Tanzania, tourism has become a major sector in the economy during the 1990s.
According to the World Travel and Tourism Council, tourism directly generated Photo: PMO Tanzania is a country with many tourist attractions. Here are a few facts about the economic importance of the tourism industry globally: The tourism economy represents 5 percent of world GDP ; Tourism contributes to 6-7 percent of total employment; International tourism ranks fourth (after fuels, chemicals and automotive products) in global exports ; The tourism industry is valued at US$1trillion a year 0000007839 00000 n
It currently contributes significantly towards the Gross Domestic Product, making it a valuable sector within the country.Unlike other segments which have not been spared by the tough economic challenges the country is going through, the tourism industry has witnessed a tremendous boost over the past two years.This tells us of the resilience within the industry, and the key role it can play towards the attainment the ultimate success of Vision 2025.Even during the weakening of the shilling against other major currencies, the industry has seen a boost in visitors, along with increased revenue, due to the affordability experienced by international tourists travelling to Tanzania.However, credit must also be given to the exceptional work that has been done by the Tanzania Tourism Board (TTB) in marketing Tanzania as a destination of choice, along with Air Tanzania, in getting foreign tourists into the country, especially from Tanzania’s biggest source market including Germany, United Kingdom, USA and Canada just to name a few.It is for this reason that as government continues to tighten its belt, it should not reach a point where the country reduces its expenditure within the industry which will result in a loss of momentum that has been created over the past few years. The circuit also hosts the most massive terrestrial wildebeest migration in the world.The Ngorongoro Crater is the world’s largest dormant volcano while Africa’s tallest mountain, Kilimanjaro is alsonearby.The country received a record 1.2 million international visitors in 2018 mostly from the U.S, Europe, and Africa. Earning $1 billion (USD), Tourism Overtakes Agriculture ... 2/ TOURISM NOW IS NUMBER ONE ECONOMIC SECTOR. This is not only at the tourism establishments, but at the different points of entry as well. There are 17 national parks, 29 game reserves, 40 controlled conservation areas (including the Ngorongoro Conservation Area) and marine parks. Tanzania’s tourism sector generated 12% of the country’s total employment (over 1m jobs) and directly employed 467,000 Tanzanians (4.3% of total employment). In addition to the foreign exchange and tax revenue earnings, growth of tourism has an important role of stimulating economic activity for many sectors of the Tanzanian economy given its significant linkage effects (see Kweka et al, 2001). 0000010330 00000 n
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For example, if your small business sells outerwear and you’re located in a cold climate, you may find that tourists make up a significant portion of your customers simply because they don’t have the proper clothes for their trip when they arrive. In 2017 alone, tourism generated around USD 3 billion which formed a massive chunk in 25% of the country’s foreign exchange revenues.
It would be sad to get to a time when all the beauty we have is destroyed.That is why we should continue to guard against individuals who want to tamper with this. Tourism industry is important for the benefits it brings and due to its role as a commercial activity that creates demand and growth for many more industries. Why tourism is important to Tanzania IT is a known fact that tourism is an important industry in Tanzania. 0000007106 00000 n
Economic policies and government efforts to support tourism have been emphasized for several reasons. First, Tanzania is endowed with various natural resources that form a mainstay of tourist attractions; almost a third of the land area is allocated to natural parks. The very important sectors, that contribute greatly to the wellness and security of Tanzania’s economy would definitely be tourism, mining, and agriculture. Not to leave out its world-famous water sports including kite-surfing, deep sea diving, snorkelling and dhow sails that attract hordes of enthusiastic visitors throughout the year.According to the World Tourism and Travel Council, WTTC, between 2014 and 2018, Tanzania managed to rake in Tshs.2.9 billion or 5.2 percent of total GDP.When it comes to Travel and Tourism competitiveness, the country currently ranks in the 109th position with a score of 3.5 and compares favourably with European giant Switzerland which tops the list with a rating of 5.6.In Sub Saharan Africa, Tanzania ranks 12th with tiny Seychelles topping the list with a score of 4.5.By 2025, the country’s tourism sector is expected to grow at a rate of 6.5 percent per annum, against a projected world average of 4 percent according to WTTC. 0000007861 00000 n
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