The Multiplier Effect In Tourism | What Is It? How Does It Work? Why Does It Matter?

The multiplier effect in tourism is an important concept that all travel and tourism students and tourism industry stakeholders should be familiar with. Whilst the term 'multiplier effect in tourism' may sound complicated, it really isn't! In this video I teach you all about the multiplier effect in tourism is, how it works and why it is important. Watch until the end and I am confident that you will thoroughly understand the multiplier effect in tourism! Time stamps- 00:00 The multiplier effect in tourism 01:16 What is the multiplier effect in tourism? 02:17 The sales/transaction multiplier 03:11 The output/production multiplier 03:48 The income multiplier 04:25 The employment multiplier 05:08 The official/government multiplier 06:21 Direct tourism expenditure 06:31 Indirect tourism expenditure 06:45 Induced tourism expenditure 07:19 Why is the multiplier effect in tourism important? 🌎 LEARN MORE at https://tourismteacher.com/tourism-mu... 🌎 *Get your FREE study skills guide here- https://www.subscribepage.com/study-s... *Get your FREE plagiarism checker and proofreader with Grammarly- https://shareasale.com/r.cfm?b=224327... - ARE YOU A TRAVEL AND TOURISM TEACHER? -Join the Tourism Teacher Tribe: https://tourismteacher.com/tourism-te... -Get teaching classroom resources: https://tourismteacher.com/sales-page... -Organise a guest talk: https://tourismteacher.com/tourism-te... -Connect with other teachers:   / 2381535295397924   - ARE YOU A STUDENT? Get the ultimate travel and tourism reading list- https://tourismteacher.com/travel-and... Join me in my classroom, get feedback on your work or sign up for mentorship here https://www.patreon.com/drhayleystain... -Learn more about tourism: https://tourismteacher.com/category/l... LETS CONNECT -Instagram:   / the_tourism_teacher   -Facebook:   / thetourismteacher   -LinkedIn:   / hayley-stainton   -Twitter:   / drstainton   CONTACT- If you would like to work with me contact [email protected] DISCLAIMER: Links included in this description may be affiliate links. If you purchase a product that I recommend I may get a small commission at no additional charge to you. Thank you for supporting my channel so that I can continue to provide free educational resources to all.