Tourism in East Africa - 681 Words

East Africa comprises of five neighbouring member states: Uganda, Kenya, Tanzania, Burundi and Rwanda. These countries are bound as a community through a political treaty that came into effect on the 7th of July 2000 which ratified the establishment of the East African Community (Eac.int, 2014). Tourism receipts in developing countries can amount to more than 20 percent of the total value of exports which makes it a very significant pillar for these economies (Ondicho,2000,pp-49-70). Like all developing countries, the East African Community (EAC) member nations are dependent on the export of primary commodities whose prices are prone to uncertainty and erratic fluctuations. As a result, tourism remains one of the few alternative industries available to these countries in diversifying their sources of foreign exchange (Ondicho, 2000, pp-49-70). According to the World Travel and Tourism Council (WTTC), tourism’s contribution to Sub-Saharan Africa’s Gross Domestic Product (GDP) in 2012 was USD 36.0 Billion (2.8% of GDP) and was forecast to rise by 4.2% to USD 37.5 Billion in 2013 with growth expected to average 5.1% per annum to USD 61.9 Billion by 2023(Turner, 2013, p.3) . Tourism has the potential to propel economic development whilst addressing social ills such as poverty and rampant unemployment given the failure of the traditional sectors such as agriculture to bring about meaningful socio-economic transformation (United Nations Economic Commission for Africa, 2011).Show MoreRelatedTourism : The Largest And Fastest Growing Economic Sector900 Words   |  4 PagesThe largest and fastest growing economic sectors in the world, (#2) is tourism. Tourism has created jobs through the economic growth as well as gained export revenues and helped the development of under pillaged countries, this growth has been unstoppable. The market share of emerging economies increased from 30% in 1980 to 45% in 2014 and is expected to reach 57% by 2030, equivalent to over 1 billion international tourist arrivals. (#2) Tourist are traveling more frequently for leisure, businessRead MoreEbola Virus Disease ( Evd )820 Words   |  4 Pages1976 in 2 simultaneous outbreaks. One in which is now Nzara, South of Sudan, and the other in Yambuku, Democratic Republic of Congo. It occurred in a village near the Ebola River, this is where the disease got its name. The current outbreak in West Africa was notified in March 2014, and this is the largest and most complex Ebola outbreak there was since it was discovered in 1976. There have been more cases and deaths in this outbreak than all others combined, it has also spread in countries like GuineaRead MoreA Report On Hotel Investment Conference Africa931 Words   |  4 PagesRELEASE AFRICA IS STILL THE ‘GO TO’ PLACE FOR HOTEL INVESTORS – UNPACKING THE OUTCOMES OF HOTEL INVESTEMENT CONFERENCE AFRICA 2014 South Africa, Pretoria, 29 September 2014: â€Å"Africa remains the ‘go to’ place in the world, in as far as hotel investment and growth is concerned - and it will be for some time to come† says one of South Africa’s leading economists and Chief Economist for Investment Solutions, Chris Hart. 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