Analysis should include the effect of travel and tourism at the international, national, state, and local levels and should reflect research from a variety of resources.
Analysis should emphasize the effects of
- new money brought into an area
- recirculated money within an area
- money that leaks out of an area.
Process/Skill Questions:
- What resources are available for locating information on the economic influence of travel and tourism at the local, state, national, and international levels?
- What is the multiplier output effect?
- How do travel and tourism contribute to the multiplier output effect?
- What type of infrastructure needs to be in place to cater to diverse groups of travelers?
- How does the exchange rate affect one’s decision to travel?
- What is the economic effect on travel and tourism after a natural disaster?