Importance of Reforms Tourism Industry †Free Samples to Students

Question: Discuss about the Importance of Reforms Tourism Industry. Answer: Introduction The common definition of tourism is the summation of the trips made by the countrys residents domestically or externally which does not involve immigration management. The purpose for such trips is for business, recreation, health, or study purposes. Tourism in Australia has undergone a series of development for the last decade (Pc.gov.au, 2015); the various stakeholders have implemented many reforms while others are underway. In this paper, we shall find out that there are set goals in which the tourism industry is set to meet after a certain number of years. For instance there is the tourism 2020 vision set by the Australian government. This paper will be relevant to the various stakeholders as it will make them develop a sense of implementing more reforms. Sydney is an Australian global city with facilities best-known in the world, top-class cultural institutions, new exhibition Centre and international conventions (Sherry, 2015). Its parks and beaches are fantastic in addition to its wonderful climate. Australia is growing to be a nation where many visitors want to visit and stay. The following analysis is on an article known as Australias tourism industry needs innovation and big ideas to continue to grow written by Ann Sherry in October 2015. She noted that Australia has been depended for many years on the resource sector to be the major source of wealth and driver for its economic growth. However, there developed worries in the economy as this sector started weakening. This weakening was interpreted as an end to the resource boom. During this period, only a few people had noted the rising importance of the tourism sector as an importance source of income; this sector had a great potential for growth (Aird, 2017). When compared to the mining sector, the number of people employed in tourism industry was higher. In 2013-14, the number of people directly employed in the tourism industry were more than twice those employed in the mining sector; the mining sector employed under 270,000 whereas the tourism sector employed over 530,000 persons. This sector was renowned for experiencing super growth and was projected to add a great value to the Australian economy. This value was forecasted to be over $250 billion over the next twenty years. According to Angliss (2015) many people benefit directly; those who dont enjoys the indirect growth of the economy attributed to increased tourism spending. Even compared to coal which is a major export for Australia, the tourism sectors value is still higher; whereas coal generated $16.5 by the end of May 2015 compared to the $17 billion from the tourism industry. The number of businesses supported by the visitor economy is over 90,000 and the corresponding number of direct jobs are over 150,000. The trend is showing that there has been growth in the number of tourists flowing to Australia. The contribution of tourism management and visitor economy to the Australian GDP is over $11 billion. The most important reform implemented by the NSW Government on this sector is that of development of infrastructure that makes navigation in Australia easy and vibrancy. This has seen much development in the visitor economy (OECD, 2011). Sherry noted that there is more that need to be done to promote this industry if the tourism 2020 goal is to be achieved; according to Tourism.australia.com (2017), the goal is to double the overnight spending by the visitors. From 1997 to 2015, the share of Australian tourism to its GDP has fell as observed above. This behavior is also observed in the share of employment from tourism. However, from 2012 onwards, the percentage is observed to rise for both share to GDP and share of employment. This is has resulted from the reforms implemented towards developing this tourism industry. Recommendation The stakeholders and other policy makers are supposed to introduce various reforms as this is driving economic growth management. The government spending should be increased in this sector as it is becoming a major source of economic growth. Supporting the growth of the tourism sector will also help in solving some other challenges facing the Australian economy such as high rate of unemployment. The government should consider this as an important investment for growth and ensure that the tourism potential is exploited to the maximum point. The tourist destination sites should be maintained at good condition so as to make them more attractive to the tourists. Conclusion With the development on the tourism sector, this sector can be a great source of Australian economic growth in the future. The reforms implemented earlier has led to increase revenue generation and thus an indicator for improved performance with additional reforms. This sectors potential for growth is very high. The regulation policies on tourism business and its increased spending is the most crucial driver of its development. The Tourism 2020 goal will be achieved only through increased investment towards developing this industry. References Aird, H. (2017). Push to update Tasmania's 'outdated' parks and reserve legislation. [Online] ABC News. Available at: https://www.abc.net.au/news/2017-01-28/tasmanian-tourism-wants-national-parks-act-updated/8219790 [Accessed 19 Aug. 2017]. Angliss, W. (2015). How Australias flourishing tourism industry impacts everyone. [Online] William Angliss Institute. Available at: https://www.angliss.edu.au/news/232-how-australia-s-flourishing-tourism-industry-impacts-everyone [Accessed 19 Aug. 2017]. Hehir, G. (2017). Strengthening Australias Tourism Industry. [Online] Anao.gov.au. Available at: https://www.anao.gov.au/work/performance-audit/strengthening-australias-tourism-industry [Accessed 20 Aug. 2017]. Organization for Economic Co-operation and Development. (2011). Italy: Review of issues and policies. Paris: OECD. Pc.gov.au. (2015). Australia's international tourism industry - what role should government play? [Online] Available at: https://www.pc.gov.au/news-media/pc-news/previous-editions/pc-news-may-2015/australia-international-tourism-industry [Accessed 19 Aug. 2017]. Sherry, A. (2015). Australias tourism industry needs innovation and big ideas to continue to grow. [Online] Dailytelegraph.com.au. Available at: https://www.dailytelegraph.com.au/news/nsw/australias-tourism-industry-needs-innovation-and-big-ideas-to-continue-to-grow/news-story/53078ef6405ad0c433612722c6fdbde7 [Accessed 19 Aug. 2017]. Tourism.australia.com. (2017). Tourism 2020. [Online] Available at: https://www.tourism.australia.com/en/about/our-organisation/our-performance-and-reporting/tourism-2020.html [Accessed 19 Aug. 2017]. Tradingeconomics.com. (2017). Australia Tourist Arrivals. [Online] Tradingeconomics.com. Available at: https://tradingeconomics.com/australia/tourist-arrivals [Accessed 19 Aug. 2017].