Given the centrality of the hospitality industry to the success of any destination, it should come as no surprise that hotels are one of the fastest-growing segments of the tourist industry. The hotel business has long been closely tied to the tourism sector, and the growth of new properties in recent years has given visitors greater flexibility and variety in their accommodation options.
When tourists visit hotels, restaurants, and entertainment venues and spend money there, tourism mostly creates direct revenue for the local economy. It indirectly stimulates the economy since tourists buy retail products, pharmaceutical items, locally manufactured souvenirs and arts and crafts.