Multiplicative effect as a factor in the development of industrial tourism in the Rostov Region

Abstract

The article conducts a study of the issue of analyzing the multiplicative impact of tourism in general and industrial tourism in particular on the economy of the Rostov region. Tourist spending can have an impact on the economy of the host region through the effect of a direct and indirect multiplier, that is, directly through tourist income and through indirect expenses of tourist enterprises and related industries. The assessment of the multiplier effect of tourism spending on the regional economy is made using the input-output model. Money spent in tourism helps create jobs in tourism directly, but it also indirectly creates jobs in other sectors of the economy. A hotel, for example, has to buy products from local producers, who can spend some of this money on developing production. Tourists often buy souvenirs, which increases employment and production in small businesses. Recognition of the multiplier effects produced by the tourism industry suggests further research in the general context of the economic and social efficiency of tourism at the level of a particular region.