All posts by mrl1207

Ecotourism in Thailand

Railay-Beach-FI

By Matt Lancaster & Suzi Ayers

Travel and tourism is a rapidly growing industry, especially in developing countries such as Thailand. In fact, travel and tourism now accounts for more than 9.5% of the world GDP and generates $7 trillion a year (WTTC, 2014). Tourism is a trickle down economy, meaning it affects many other industries that tourists contribute to when they visit Thailand. Visitors will come to see conservation sights or ride an elephant, but the indirect dollar revenue is where the economy prospers. Visitors spread their money out across the economy purchasing food, lodging, transportation, and vendor goods in marketplaces. An economy that relies on tourism for its growth is highly aware of the services they need to provide to keep the tourists coming. A popular industry to maintain is ecotourism. Continue reading Ecotourism in Thailand