No doubt you will have reached this website asking the questions "what is overseas business" and "why do business overseas". Tourism is one of the trades that can help increase the economy of any country dramatically. It plays a very vital role in bringing money from foreign countries.
Investment in tourism plays a vital role in bringing more money in the country and help increase the GDP (Gross Domestic Product) of the country.
The amount of money invested in tourism usually pays off well because it attracts the foreigners to come and spend more. Tourism can be best told as trade between two countries. If a person goes out of their country to another one, of course they will need a visa and ticket. They will spend the money even after he gets there on staying and travelling nationally. This generates a great amount of income for the host country, and makes the businesses that are reliable on tourism even stronger.
There is a lot to learn from the investment industry in the UK. We all know that most of the tourists who travel around the world earn a decent living. If some of the money spent by them goes to the tourism industry, it will help the government to invest even more in tourism. The best thing that could be done is to build more infra structure for tourism. This would attract even more tourists that will generate even more income from this industry.
As far as social benefits are concerned, tourism brings people of different cultures together and they get to know how life is spent in different parts of the world.
Investment in tourism attracts more people and is helpful for under-developed and first world countries because it makes a country to build more infrastructure such as hotels. This means more people will be employed, and the country will have a stronger economy. Obviously this has its disadvantages, but there are more advantages than disadvantages of doing business in overseas markets.
I would summarise that tourism plays as the backbone of any country's economic position. It helps new employment avenues to the natives of the country. It raises the living conditions of the citizens of the country. Cultural exchange, infrastructure development, self-employment and increase in GDP are the key assets obtained from tourism.