How is hotel industry important to the country?

The hotel industry plays an important role in the country's economy, contributing to employment generation, foreign exchange earnings, and overall economic growth. Here are some reasons why the hotel industry is important to the country: Employment generation: The hotel industry is a major employer, generating jobs at all levels, from entry-level positions to top management. This provides opportunities for people from diverse backgrounds to enter the workforce and earn a livelihood. Foreign exchange earnings: The hotel industry is also a major contributor to foreign exchange earnings for the country. Tourists and business travelers who visit the country contribute to the economy through their spending on accommodation, food, and other services provided by hotels. Economic growth: The hotel industry contributes to overall economic growth by providing a range of services to customers and creating a demand for other goods and services in the local economy. This can lead to the growth of other industries, such as transportation, retail, and entertainment.

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1.It serves as a good source of employment both locally and nationally. 2. it acts as a blooming hotspot for other industries as well. 3.it brings in useful foreign exchange.

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