Tourism development (TD) plays an important role in local economic development by connecting different economic sectors and industries. TD has positive influences on infrastructure, construction, banking, and contributes to LED by creating new jobs and infrastructure. A complete Tourism Satellite Account measures the goods and services of the tourism industry and its linkages and contributions to other industries, employment, and capital formation. TD can have a polarizing, inducing, or neutral effect on a region by directly or indirectly impacting social and economic development. The main economic benefits of TD include better balance of payments, increased tax revenue, support for small and medium businesses, increased employment, and stimulation of investment in local infrastructure.

1. Tourism Development and its role in Local Economic Development (LED) Berman Group www. bermangroup.cz September 2011