Repatriation of Currency

Currency repatriation is an important consideration for several hospitality and tourism firms and expatriates on global assignments. This concept is especially important for the industry since several firms operating in the industry are multinational corporations with international units located in several countries in the world, and they repatriate profits from these countries back to their home countries. In fact, repatriation of currency is sometimes considered one of the negative impacts of global tourism, as multinational or international firms are sometimes accused of repatriating earnings instead of reinvesting it in host countries.

The concept, repatriation, has two components that first must be clarified to provide a clear understanding of the concept. Repatriation, the first component, is the term used to describe the process of returning to an ...