Need an research paper on does event tourism influence travelers purchasing decisions. Needs to be 20 pages. Please no plagiarism. Sofield and Sivan (2003) have identified in their work that the travel industry is one key resource for maintaining the balance of payments in a country by having both outward and inward implications for the monetary transactions made for traveling purposes (Sofield and Sivan, 2003, pp.9-20). Today, the travel industry has emerged as a main source of revenue for many countries with locational advantages and the industry is an important influencer of the economies of both the host countries and the source countries with respect to global travel. The tourism industry is a dynamic industry that constantly evolves with time. Presently, the emergence of many developing countries like China, Brazil, Russia, etc. as preferred tourism destinations has changed the landscape of the global travel industry to a certain extent.

Waligora (2014) has proposed in his study that the travel industry had been affected by the global financial crisis of 2008 with the revenues being dropped because of the low propensity of tourist activities in major countries (Waligora, 2014, pp.470-480). However, after 2009, the travel industry has recovered spectacularly and has shown much increase in its revenues due to the accelerating travel activities done for event attendance, increase in spending powers and an increasing number of international travels done for business purposes.

Ryan and Lockyer (2002) argue that whether it is a boom period or a recession period, the travel industry continues to be a robust sector (Ryan and Lockyer, 2002, pp.259-270). This is because it is less affected by financial downturns than other industries and the recovery period required for the travel and tourism industry is much shorter as compared to other sectors of the world economy. The United States of America, France, Spain and China continue to be the most popular countries with respect to the inflow of tourists.&nbsp.