64 Knutsford Boulevard, Kingston 5 Jamaica, West Indies

TOURISM INFORMATION PUBLISHING SITE (TIPS)

Defined for statistical purposes as ‘the receipts of a country resulting from the consumption expenditures, i.e., payments for goods and services made by international visitors to use themselves or give away. They should, in practice, also include receipts from excursionists, except in cases where these are so important as to justify separate classification. They should however, exclude all forms of remuneration resulting from employment, as well as international fare receipts. This category corresponds to “Travel Credits” in the standard reporting form of the International Monetary Fund (IMF)’ (World Tourism Organization).

Source

Dictionary of Travel, Tourism and Hospitality. S. Medlik 1993. Second Edition. p.83

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