Transnational corporations, or TNCs, are mega companies that operate in more than one country. They play a crucial role in boosting international tourism, especially in Low-Income Countries (LICs).

Fun Fact: Transnational isn't just a fancy term for multinational; it refers to companies that don't identify with one home country but operate across multiple nations.

Tourism can be a significant catalyst for economic growth in LICs, contributing to over 6% of global Gross National Product (GNP) and a whopping 13% of consumer spending. That's like a slice of the world's money pie coming from people travelling and enjoying vacations!

LICs have abundant tourism resources like beautiful beaches, warm climates, vibrant wildlife, and cultural heritage. They also host secondary resources like hotels to accommodate tourists. But remember, organizing and marketing these resources can be quite challenging for the individual traveler or even for LICs themselves due to a lack of infrastructure.

Example: Imagine planning a trip to a remote beach destination - arranging transportation, booking accommodation, and organizing activities can be daunting without the right infrastructure!

This is where TNCs step in! These corporations, usually based in High-Income Countries (HICs), help organize and market these resources. They're like the superheroes of the tourism industry, handling all the complexities of travel and accommodation arrangements.

Let's talk about two significant players in the industry - Hilton Worldwide and Thomas Cook Group.