Published on : Wednesday, January 9, 2019
Tourism is one of the main pillars of the South American economy. A rich culture and immense diversity, architectural wonders, natural and scenic beauty, lively and colorful cities, and beautiful landscapes are the main reasons boosting millions of tourists visiting South America every year.
The recently ended Olympic Games and Football World Cup in Brazil also had a positive effect on the development of tourism in South America. The sectors contributing to the tourism spend are the hotel industry, the food and beverages industry, the travel industry and the entertainment industry to name a few. The tourism industry contributes to the economic development of every region and is one of the main employment generators.
Growing economic prosperity throughout the world especially in the Asia-Pacific region is affecting the arrival of tourists in the South America region in a big way. Also, the relative political stability in the South America region combined with it being safe for tourists is also driving the flow of visitors into the region.
Tags: South American economy