Tourism Expenditure

Tourism expenditure refers to the total amount of money that travelers spend during their trips. This includes costs for accommodation, food, transportation, activities, and souvenirs. Essentially, it captures how much visitors spend in a destination, which contributes to the local economy. High tourism expenditure often reflects a thriving tourism sector, which can create jobs, support businesses, and generate tax revenue for governments. Understanding tourism expenditure helps stakeholders, such as policymakers and business owners, make informed decisions to enhance tourism and improve services for visitors.