Business, its's context and stakeholders Essay Example | Topics and Well Written Essays - 750 words

Business, its's context and stakeholders - Essay Example The overall growth of continental tourism was double the global average. As foreign tourists enjoyed the increasing number of African states, locals began exploring the beauty of neighboring nations. This booming industry is sure to lead to further economic growth in the region even if the increasing level of consumption of resources and the pressure it puts on the natural environment appear as obstacles. The good news is that these obstacles can be dealt with. Furthermore, the expansion of the African tourism industry makes way for greater understanding between the peoples of the world. The African tourism sector is a large scale enterprise involving an enormous number of stakeholders. In the year 2005, the sector provided 3,877,200 jobs directly and an incredible total of 10,647,000 jobs indirectly. The total travel and tourist revenues expected to be generated in 2005 were $73.6 billion of Gross Domestic Product. In particular, Kenya and Mozambique have seen the most rapid growth in tourist activity in recent years. In 2004 the number of visitors to Kenya increased by twenty six percent and the Kenyan government declared in 2005 that the country has earned more from tourism at this time than ever before. In Mozambique – very popular among South African tourists – tourist activity rose by an impressive thirty seven percent. In North Africa, Egypt experienced a six percent increase, Morocco a five percent increase, and Tunisia an eight percent increase. Things did not go as well for the tourism industry between the years 2002 and 2003. Revenues were massively reduced by terrorism and the wars on terror that began in the year 2001. The tourist hotspots of East Africa, namely Kenya and Tanzania, suffered a number of bomb attacks also. All the same, the African tourism industry is on the rebound. The secretary-general of UN’s World Tourism Organization