Honduras Tourism Business and its Economic Development

Tourism is a very important factor for the socioeconomic and cultural development of a country, because of the diversity of natural and non common activities that brings economic growth; tourism is a generator instrument of foreign currency inflow, it is an activity that canalizes many investments, to produce a huge economic expansion; generating a market of diversified jobs, it also could have a low investment in comparison with another economic sector, generating a positive balance of payments and most of all, it develops many local activities that will be discussing along the present thesis. Therefore, tourism is the key of success of every developing country, such as Honduras, that wants to eliminate poverty and low social income. Being the Tourism sector one of the world’s largest industries, the revenues that it generates have grown increasingly important for the global economy. The industry does not only benefit the country by creating new jobs and bringing in foreign currency, but also by strengthening national identity, growing education, increasing development and competitiveness, and giving Hondurans a higher standard of living. Trend analysis was utilized in this paper to present the positive realities of tourism in general, while focusing on Honduras as a developing country in Central America and the Caribbean region. The analysis will link the importance of tourism to the economy and recognize the impacts in the Honduras economy. This paper will serve as an outlook for the world tourism economy, Latin America economy as well as the Caribbean and Central American area, offering perspectives that can help Honduras develop tourism business, maintain its growth as well as the conservation of the environment, leverage and expanding threw the whole country as well as building strategies for eco-tourism development as the main or core business