What is the rule of tourism and hospitality industry in the economic development of the country
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Impact of Tourism Industry on the Economy
The tourism industry contributed to economy in at least three areas: foreign exchange earning, employment and creation of jobs, and infrastructure investment stimulation.
The tourism industry is acknowledged as one of the leading sectors in generating income via foreign exchange earning of the country.
Employment opportunities have grown in tandem with the industry.
Tourism induces better infrastructure development. Among these are the improvement of the quality of water systems, electricity, telephony networks, and public transportation networks.
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