Tourism is the fastest growing industry, which offers massive advantages to both the local and global society. The industly contributes annually over four thousand (4,000) billion Dollars of economic activities all over the world and it creates vast job opportunities whereby one out of every five employees in the global labour force aTe employed (Fayissa et a/.,2007). High growth in the tourism industry continues to have an enormous impact on economic development in many areas as it acts as a stimulus for economic growth. Moreover, economic development of the countries enhances growth of the tourism industry, therefore an economic tremor will have an adverse effect on tourism.
Tourism is a vital pmi of the global economy generating roughly $1 trillion in global receipts in 2008 (up 1.8 percent from 2007), international tourism ranked as the fomih-Jm·gest industry in the world, after fuels, chemicals, and automotive products. The breadth of international travel also has greatly expanded in recent years to encompass the developing world. In 1950 just fifteen destinations primm·ily European accounted for 98 percent of all international anivals. By 2007
that figure had fallen to 57 percent. Once essentially excluded from the tourism industry, the developing world has now become its major growth area. Tourism is a key foreign exchange earner for 83 percent of developing countries and the leading export earner for one-third of the world's poorest countries.
