What are the economic benefits of niche tourism?

Niche tourism markets, such as cultural, gastronomic and wellness tourism, provide peripheral areas the opportunity to capitalize their comparative advantages associated with their natural environments, cultural heritage, the role of local food in reinforcing personal identity, authenticity and enhancing sustainable …

What are the benefits of niche tourism?

Some of the advantages of niche tourism are:

  • It is less damaging on the environment.
  • Tourists come in smaller numbers.
  • Tourists tend to be more courteous and respectful.
  • Niche tourists often pay more than mass tourists.
  • There is a genuine interest in the local area and people.

What is the economic benefit of tourism activity?

Today tourism is the largest service industry in India, with a contribution of 6.23 per cent to the national Gross Domestic Product (GDP) and providing 8.78 per cent of the total employment.

What is a tourism niche?

What is Niche Tourism? Niche market tourism uses programs to attract visitors focusing on a very specific market segment built around a well-defined product. We’ve said it before, tourists are looking for experiences.

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What is niche product in tourism provide 3 examples?

Examples of niche tourism products include outdoor pursuits, nature-based tourism, cultural tours, screen tourism, and many other travel experiences.

What is niche tourism examples?

Work of Eco & Wildlife Tourism,MICE Tourism,Sustainable Tourism,Cruise Tourism,Golf Tourism,Polo Tourism,Medical Tourism,Wellness Tourism.

What are the characteristics of niche tourism?

Characteristics of Niche Tourists are:

  • Motivated by a desire to engage in new or existing interests in a novel or familiar location.
  • The opposite of mass tourism;
  • Tourism has undertaken for a specific or distinct reason; and.
  • Having emerged because of the desire to deliver a more sustainable tourism product.

What is economics tourism?

The economics of tourism is concerned with the allocation of scarce re- sources to satisfy consumers’ demand for tourism and with the impact of tourism at the macroeconomic and microeconomic levels.

What is the economic impact of tourism in the Philippines?

Tourism is an important sector for Philippine economy. In 2019, the travel and tourism industry contributed 12.7% to the country’s GDP. Philippines is an archipelagic country composed of 7,641 islands with 81 provinces divided in 17 regions.

What are the benefits and costs of tourism on the economy?

Tourism is closely associated with economic development. The tourism industry is open and promotes the development of many other economic sectors. Other benefits of tourism include improvement of the balance of payments of countries, the creation of employment opportunities and the enhancement of cultural heritage.

What is niche targeting?

Niche marketing is a targeted marketing strategy aimed at small, specific and well-defined portions of the population. … Niche marketing can be used to reach consumers who can be targeted based on various characteristics, such as demographics, hobbies, occupations, or interest in social or political causes.

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What is niche tourism PDF?

Niche tourism refers to how a specific tourism product can be tailored to meet the needs of a particular audience/market segment.

Is cultural tourism a niche market?

At present, this field of tourism has become a global trend as transportation systems enable people to travel to other countries and continents within hours (Boniface, 2013). … Religion remains an important stimulus for people to travel, but other reasons have also come into play.

Why is niche tourism important in Nepal?

Niche adventure tourism as a sustainable strategy

infrastructure development target. improvement of tourism quality. reforms in institutional and management. conservation of cultural heritage.