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| |  | | | At both global and national scales, tourism is the fastest-growing economic sector today. Here are some basic fact about the tourism industry to highlight its importance, and impacts: | | | For many coastal, tropical, developing countries, tourism plays an important role in the economy often representing the major source of employment, foreign exchange earnings, and national government revenue. The World Tourism Organisation has estimated that tourism receipts account for some 25 percent of total export earnings in the Pacific and over 35 percent for Caribbean islands. However, much of the income generated by tourism does leak back to developed countries (30-50 percent in the Caribbean), mostly to foreign air carriers, hotel owners and suppliers of imported food and beverages. Tourism is mainly a natural resource based industry and, as such, affects air, land and water and can damage natural systems if its planning, development and operation are not properly managed. On the other hand, if developed sustainably, tourism can be a positive force for conservation and environmental protection.
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 | | | |  | | | Title | The Value of the Ocean Sector to the Economy of Prince Edward Island
( WEBSITE )
| | Description | The Value of the Ocean Sector to the Economy of Prince Edward Island is the first comprehensive report on the value of ocean-related activities to the Island economy. The ocean sector includes everything from fish and aquaculture harvesting and processing, to boat and shipbuilding, ocean-related tourism, transportation and research. The study, which was based on data from the years 1997-1999, pegged the direct impact of the ocean sector in Prince Edward Island at $247 million a year or 10 per cent of the gross domestic product (GDP). When indirect impacts and spinoffs are taken into account, the total impact of the ocean sector in Prince Edward Island is $421 million or 17 per cent of the province's GDP. | | Keywords | VALUE OCEAN-RELATED ECONOMICS | | Geography Keywords | PRINCE EDWARD ISLAND; CANADA | | Content Language(s) | French; English | | Web Address (URL) | http://www.gov.pe.ca/inf ... ber=67662 | |
| Type of Website | Institutional website | | Contact | | | Email | dsyounker@gov.pe.ca | |
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