Tourism is connected with traveling for recreational purposes and relaxation. The tourism industry involves all the activities carried out by tourist and all the people involved in servicing them while they are tourists.

Tourism today is one of the biggest international industries. According to data from the World Tourism Organization more than 922 million international tourists traveled for the year 2008. This represented growth of 2% compared to the previous year. These people generated revenue of 642 billion euro/ 944 billion dollars for this period. The organization defines a tourist as a person who ‘travels and stays in places outside his usual environment for more than 24 hours and not more than one year for leisure, business and other purposes’.

The Financial Crisis had its effects of the tourism industry decreasing considerably the amount of people traveling in general. This began in summer time 2008 and saw a drop of 2%. This downturn continued in 2009 and was further reinforced by the H1N1 influenza virus spread. The decline increased to 4% in travelers that resulted in 6% drop in revenues. The number of international tourists fell down to 880 million people.

Tourism has a major stake in the economies of some nations. Some of them are the Bahamas, Fiji, the Maldives, the Seychelles, Greece, Thailand, Egypt, Lebanon and others. The effect of this drop was acutely felt in these countries. A very big part of the labor force there is employed in the service and tourism supporting industries. This had negative effects on transportation services, airlines, cruise ships, hospitality industry, amusement parks, shopping malls, theaters, resorts etc.
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Tourism has diversified in new areas due to increased demand, intense competition and increased globalization. New types of tourism have been created to cater to customer wants- sustainable tourism, eco tourism, pro-poor tourism, medical tourism, educational tourism and creative tourism. Those now take build market share and provide a lot of opportunities for traditionally ignored places to take a piece of the market.

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