Why is it necessary that tourism business are updated?
Tourism gives a country additional income in form of export receipts.
When tourists come in to a country they bring in money to buy goods and services. As the demand increases, suppliers will have to increase output to compensate so they hire more people creating more jobs. Now local people have more money to spend so consumption spending increases.
You see GDP = Consumption spending + Investment by businesses + Government spending + (Exports - Imports)
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