Why tour the world?

The foundation of any growth and development of any country solely lies in tourism. It’s one government sector with both economic and non-economic value.

It’s a win-win situation for the tourist and the country as a whole.

Tourists get to enjoy cultural integration and relax away from their usual home and work environment.

Tourism is the driving force of growth and economic development of Wisconsin. The three main contributing factors are the creation of income, employment, and foreign exchange earnings.

The indirect benefit is in the production industry.

Before the state opened its doors for international tourists, infrastructural development- which is still work in progress is one way of economic development.

 Apart from the tourists, other economy sectors also come in handy to ride in the benefits.

1. Creation of income

Tourism comes with numerous employment opportunities.

Tour companies, hotel industry, informal sectors are just but examples of areas that directly benefit from international visitors who come to visit the country.

All the businesses pay taxes, which directly go to the improvement of Wisconsin’s various sectors.

2. Foreign exchange earnings

International tourists from a country ( European countries) with a stronger currency base than the US spends more in the host country, thanks to the high currency rating.

As they exchange cash, they find they have a lot of cash on their hands. The ripple effect is increased expenditure on tourist sites, more shopping, tips to tour guides.

By the end of their stay in the country, they have pumped more money to the economy, which the country uses to develop other ailing sectors on the economy.

 A high influx of visitors throughout the year is a sign of growth in the host country.

3. Employment opportunities

Tourists are great employers. Let’s start from their departure and arrival.

Whether they choose to use a cruise ship or by road or rail or by air; all these are employment opportunities for both local and foreign nationals.

The demand for airlines to ply routes to various countries as navigation channels in itself in a multi-billion industry.

In their stay, they are also the hospitality industry- the hotels and apartments. Indirectly, the real estate business thrives as a result of these market gaps.

 Some of the tourist attraction sites are in the remote parts of the state where they come to view the large agricultural activities- farms- it opens the area to develop as well.

4. Trade ties

Business tourists have the opportunity to invest and learn a lot in the corporate world. The single visit is an eye-opener to trade ties, especially in the import and export industry.

 It is the beginning of several trade agreements that open the state to investment opportunities for both local and foreign nationals.

The long term effect is the creation of employment and increased income through foreign exchange. It’s a cycle.

5. Cultural integration

Wisconsin treats its guests with a touch of culture and social integration. In turn, they also borrow a few of them, which is a source of income for many citizens.

It is one state that has hosted many conferences, and seminars touch on cultural integration, thanks to the high level of hospitality in the area.