The dependence on tourism of the small states of Europe

Abstract

This study investigates the dependence of the small states of Europe on tourism, using two indicators namely income and employment. This study adopts the income and employment indicators as a measure of analysis. The methodology employed in this investigation is statistical analysis. This study analyse the Travel and Tourism Impacts in small states by using the reports generated by the World Travel and Tourism Council (WTTC). These reports contain data that relates to the economic impact of tourism in 181 countries and 20 regions including the small states of Europe. The WTTC adopts the Tourism Satellite Accounting methods in order to be able to compare between the various countries. This research draws on the analyses of the WTTC statistics to construct its own conclusion and data. The investigation mainly concludes that the small states of Europe do depend on tourism more than other member states. The research moreover sheds light on how the size and the geographical position of states influences the importance of tourism in the economies.