Hotel Room Supply, Capital Investment and Manpower Requirement by 2021

Tourism is a difficult phenomenon to define, simply because it involves interrelated activities belonging to different industries. An industry typically has a “number of firms that produce similar goods and services and therefore are in competition with one another”1. Tourism then is not necessarily an industry as it constitutes airlines, hotels, restaurants, travel agencies and other attractions that do not compete with one another. Rather, they complement each other in forming a unified system