How does tourism affect regional economy in Mexico?
Tourism is one of the rapidly growing sectors in the world. The growing wave of globalization has helped the tourism sector to grow at a rapid rate compared to other sectors of the world economy. There has been increased diversification of tourism with emergence of new forms of tourism every year.
The tourism sector has been growing at a rapid rate in the recent years with high rate of growth experienced in the developing world. In 2007, the tourism sector grew by more than 6% worldwide and this year it’s expected to grow a higher rate. Studies have found that there is a strong link between the growth of tourism sector and the improved performance of economies especially in the developing countries. With many tourists looking for regional destination rather than single country travel, tourism industry has also played a crucial role in regional integration and growth of regional economy.