Concept of Tourism Multiplier: Tourism being a multi-faceted and interdisciplinary industry has a great potential in generating income and employment (direct and indirect). Tourism, being one of the largest industries for many countries, has a high multiplier effect. The inflow of money from Tourist Generating Region to Tourist Destination Region through various sectors of the […]
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Cost-Benefit Analysis Technique for Tourism Development: CBA in tourism can be extremely beneficial so as to estimate the amount of cost acquired in making of the destination and the benefit resulted through the cost made. It should be mandatory for all the policy makers, government tourism agencies and private players to estimate the benefit through
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Cost-Benefit Analysis and its Types: Cost-Benefit Analysis (CBA) is a technique that signifies to describe and quantify the social advantages and disadvantages of policy in terms of common monetary unit. Though a critical task, the aim of CBA is to analyze the cost i.e. the disadvantages and the benefits i.e. the advantages of any proposal.
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The International Civil Aviation Organization (ICAO) is a specialized agency of the United Nations (UN), established by States in 1944 to manage the administration and governance of the Convention on International Civil Aviation (Chicago Convention). It was established in order to codify the principles and techniques of international air navigation. ICAO also aims at fostering
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International Air Transport Organization (IATA) is a trade association whose members are of airlines around the world. It was established in the year 1945 with a mission ‘to be the force for value creation and innovation driving a safe, secure and profitable air transport industry that sustainably connects and enriches our world’. IATA’s headquarters is
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Evolution and Development of Transport: In the past people were unable to travel long distances as they had to walk but the invention of the wheel made journeys easy. Use of cart with the help of pet animals to pull it, increased efficiency as animals could take more load and also reduced the travel time.
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