Tourism, like many sectors of the global economy, can be adversely affected by declines in the level of economic activity. When this occurs on a global scale, as it did in late 2008 and throughout 2009, it can seriously impact on the viability of enterprises within the sector. Tourism related enterprises are more vulnerable than those in other sectors because of their dependence on peoples' discretionary spending decisions - the amount or portion of a person's spending which is used to purchase non-essential goods and services.
|Number of pages||5|
|Publication status||Published - 2010|