Tourism is for many countries of the world a vital industry and an income-generating activity, through its direct, indirect and induced effects on other economic branches and on the economy as a whole. Thus, for the fifth consecutive year (2015), the tourism industry registered a growth (+ 2.8%) which exceeded that of the world economy (+ 2.3%) but also that of other sectors. Overall, in 2015, tourism generated $ 7.2 trillion (9.8% of global GDP) and supported the creation of 284 million jobs, which means that 1 in 11 jobs worldwide are in the tourism industry.
Forecasts for 2016 show a strong, resilient and adaptable tourism industry, despite sensitivity to certain factors such as terrorism and natural disasters, with lower oil prices in recent years stimulating demand for low-cost transportation. Safety and security issues will continue to cause difficulties in the coming years. The tourism industry is expected to generate over 370 million jobs by 2026. Such an increase will determine the existence of numerous tourist destinations around the world that will provide a favorable environment for business development.
To this end, there is a need for effective collaboration between public institutions and the private sector around the world.
In this context, this paper entitled "Economics of the tourism industry" aims to analyze this branch from an economic and socio-cultural point of view, using established statistics provided by the World Council for Tourism & Travel (WTTC) and the World Tourism Organization. (WTO), but also for case studies on forms of tourism and tourist destinations. Both national and international evolutions and trends as well as indicators of economic and social efficiency of tourism are addressed.
In the paper are presented, besides the theoretical elements that characterize this discipline, such as concepts, typologies, methods, instruments, measurement indicators, and elements of Romanian heritage located on the UNESCO World Heritage List, such as tangible and intangible heritage, defining for the place and role of Romania as a tourist destination worldwide.
Therefore, this paper is addressed to students and master students studying in the faculties with economic, tourist and geographical profile, researchers, specialists in the field, public or private economic agents, institutions with tourist profile, but also tourists everywhere, representing the point of departure in the deepening of the specialized research in the tourist, geographical field but also in the related sectors.
Over time, people have traveled for tourism regardless of weather, terrorist acts, natural disasters, price levels, because the practice of tourism allows them to relax, to restore their physical and mental condition, to enrich their level. knowledge, to make new friends represented by other people or of special nature and landscapes, which allows them to start over every day.