https://tourismteacher.com/economic-impacts-of-tourism/
Development of the Private Sector. Negative economic impacts of tourism. Leakage. Infrastructure cost. Increase in prices. Economic dependence of the local community on tourism. Foreign Ownership and Management. Economic impacts of tourism: Conclusion. Further reading on the economic impacts of tourism.
https://wttc.org/research/economic-impact
Economic Impact Research. Alongside our Insights reports, WTTC produces reports on the economic and employment impact of Travel & Tourism for 185 countries/economies and 28 geographic/economic regions in the world. These reports, in collaboration with Oxford Economics, are a vital tool in helping us to equip public and private sector bodies
https://www.weforum.org/agenda/2023/10/what-is-overtourism-and-how-can-we-overcome-it/
In its simplest iteration, overtourism results from tourist demand exceeding the carrying capacityof host communities in a destination. Too often, the tourism supply chain stimulates demand, giving little thought to the capacity of destinationsand the ripple effects on the well-being of local communities.
https://www.brookings.edu/articles/the-covid-19-travel-shock-hit-tourism-dependent-economies-hard/
The COVID crisis has led to a collapse in international travel. According to the World Tourism Organization, international tourist arrivals declined globally by 73 percent in 2020, with 1 billion
https://www.unwto.org/tourism-and-covid-19-unprecedented-economic-impacts
Tourism is one of the sectors most affected by the Covid-19 pandemic, impacting economies, livelihoods, public services and opportunities on all continents. All parts of its vast value-chain have been affected. Export revenues from tourism could fall by $910 billion to $1.2 trillion in 2020. This will have a wider impact and could reduce global
https://www.unwto.org/news/un-report-underscores-importance-of-tourism-for-economic-recovery-in-2022
The latest edition of the UN World Economic Situation and Prospects report uses key UNWTO data on international tourist arrivals and tourism receipts to illustrate how the pandemic's impact has been felt beyond the sector itself. International tourist arrivals plunged by 73% in 2020, dropping to levels not seen for 30 years.
https://www.unwto.org/news/tourism-s-importance-for-growth-highlighted-in-world-economic-outlook-report
10 Nov 2023. Tourism has again been identified as a key driver of economic recovery and growth in a new report by the International Monetary Fund (IMF). With UNWTO data pointing to a return to 95% of pre-pandemic tourist numbers by the end of the year in the best case scenario, the IMF report outlines the positive impact the sector's rapid
https://crsreports.congress.gov/product/pdf/R/R47857
U.S. Tourism: Economic Impacts and Pandemic Recovery. Tourism and the U.S. tourism industry are issues of long-standing interest to Congress. As a source of millions of jobs and billions of dollars of spending in the United States, tourism—both international and domestic—contributes to the national economy.
https://www.imf.org/en/Publications/fandd/issues/2020/12/impact-of-the-pandemic-on-tourism-behsudi
Tourism-dependent economies are among those harmed the most by the pandemic Before COVID-19, travel and tourism had become one of the most important sectors in the world economy, accounting for 10 percent of global GDP and more than 320 million jobs worldwide. In 1950, at the dawn of the jet age, just 25 million people took foreign trips.
https://www.e-unwto.org/doi/10.18111/9789284423200
The Economic Contribution of Tourism and the Impact of COVID-19. The Economic Contribution of Tourism and the Impact of COVID-19. Published: November 2021 Pages: 31. eISBN:978-92-844-2320- | ISBN:978-92-844-2319-4. Complete Book PDF (1.97MB) | View Chapters. Keywords: COVID-19, crisis, tourism transformation, tourism direct gross domestic
https://journals.sagepub.com/doi/full/10.1177/1354816618793762
However, tourism could also have a negative effect on the economy. Its boom may lead to a deindustrialization in other sectors (Copeland, 1991); this phenomenon is often called 'Dutch Disease effect'.Despite contractions of the manufacturing sector are not found in the long-run period, the authors warn that the danger of this effect could still be valid in either short or medium run (Song
https://www.sciencedirect.com/science/article/pii/S2666957922000222
Table 1 presents a summary of selected tourism economic impact studies. The pioneering study in this field was published by Sadler and Archer in Annals of Tourism Research in 1975, with a further 420 full-length articles published on this subject between 1975 and 2020. On average, fewer than 12 articles were published each year in 20 SSCI or ABS journals, indicating that the research topic has
https://news.un.org/en/story/2021/06/1095052
29 June 2021 Economic Development. The impact of the COVID-19 pandemic on tourism could result in a more than $4 trillion loss to the global economy, UN trade and development body UNCTAD said on Wednesday in a report issued jointly with the UN World Tourism Organization ( UNWTO ). The estimate is based on losses caused by the pandemic's
https://www.e-unwto.org/doi/epdf/10.18111/9789284423200
PDF. Keywords: COVID-19 crisis tourism transformation tourism direct gross domestic product TDGDP economic contribution of tourism exports.
https://link.springer.com/referenceworkentry/10.1007/978-3-319-71059-4_112-1
Tourism has the potential to help overcome its negative impacts discernible though overtourism by contributing toward the United Nations' Sustainable Development Goals (SDGs) (Leung et al. 2018, p. 6).Tourism has been recognized to play a role in achieving sustainable economic growth (SGD 8), in contributing toward sustainable consumption and production (SDG 12), and investing efforts to
https://www.oecd-ilibrary.org/sites/82b46508-en/index.html?itemId=/content/component/82b46508-en
Economic impacts can occur from an over-dependence on tourism income, ... GIS-driven master plans that track the social, environmental and economic impacts of tourism will become increasingly essential to cities and regions experiencing rapidly growing tourism demands on local resources in the future (Epler Wood et al., 2019).
https://fbj.springeropen.com/articles/10.1186/s43093-020-00048-3
Tourism has become the world's third-largest export industry after fuels and chemicals, and ahead of food and automotive products. From last few years, there has been a great surge in international tourism, culminates to 7% share of World's total exports in 2016. To this end, the study attempts to examine the relationship between inbound tourism, financial development and economic growth
https://www.mckinsey.com/industries/travel-logistics-and-infrastructure/our-insights/reimagining-the-9-trillion-tourism-economy-what-will-it-take
Tourism made up 10 percent of global GDP in 2019 and was worth almost $9 trillion, 1 See "Economic impact reports," World Travel & Tourism Council (WTTC), wttc.org. making the sector nearly three times larger than agriculture. However, the tourism value chain of suppliers and intermediaries has always been fragmented, with limited coordination among the small and medium-size enterprises
https://oxfordre.com/environmentalscience/display/10.1093/acrefore/9780199389414.001.0001/acrefore-9780199389414-e-387
Numerous studies have examined the impact of tourism expenditure on GDP, income, employment, and public sector revenue. Narayan used a computable general equilibrium model to estimate the economic impact of tourism growth on the economy of Fiji. Tourism is Fiji's largest industry, with average annual growth of 10-12%; and as a middle-income
https://www.sciencedirect.com/science/article/pii/S2211973621000441
1. Introduction. Tourism economic impact studies are regularly conducted to estimate the industry's contribution to economic growth and development (Comerio & Strozzi, 2019).As addressed by the United Nations Sustainable Development Goals (SDGs), it is globally recognized that regional development should aim for environmental, economic and sociocultural sustainability (UN, 2020).
https://www.unwto.org/tourism-statistics/economic-contribution-SDG
Implementation of standards accounting tools to monitor the economic and environmental aspects of tourism sustainability (indicator 12.b.1) Indicator 12.b.1 shows the preparedness of countries to "develop and implement tools to monitor sustainable development impacts for sustainable tourism" called for in target 12.b under Goal 12 on Sustainable Consumption and Production.
https://journals.sagepub.com/home/teu
Tourism Economics is an international peer reviewed journal, covering the business aspects of tourism in the wider context. It takes account of constraints on development, such as social and community interests and the sustainable use of tourism and … | View full journal description. This journal is a member of the Committee on Publication
https://www.weforum.org/agenda/2024/05/tourism-travel-pandemic-economy/
Pent-up demand after the pandemic is expected to drive passenger numbers back up to pre-pandemic levels in 2024. The recovery of the travel and tourism sector since the pandemic has been uneven, however, and some nations are better placed than others to respond to the challenges and opportunities of the future.
https://www.degruyter.com/document/doi/10.1515/tw-2016-0017/html
The economic relevance of tourism has been proven by numerous studies using various theoretical constructs and methodological approaches. This introduction to the special issue provides an overview of the different concepts of the economic effects of tourism and distinguishes their most relevant influencing factors. Often overlooked influences are the geographical scale and the cost side of
https://www.bbc.com/news/articles/cl55vdjv2j3o
The environmental impact of tourism is also viewed by some as increasingly unsustainable. ... India is the world's fastest-growing major economy and now has the world's largest population. A
https://www3.weforum.org/docs/WEF_Travel_and_Tourism_Development_Index_2024.pdf
in determining T&T economic multiplier effect. The aforementioned T&T Sustainability dimension results and trends highlight the difficulty T&T stakeholders face in growing the sector, while simultaneously ensuring it has a positive economic, social and environmental impact. Sector decision-makers have to take a careful, long-term strategic
https://www.msn.com/en-us/travel/news/kentucky-tourism-continues-record-setting-pace-in-2023-with-nearly-14-billion-in-economic-impact/ar-BB1nlIb4
Kentucky's tourism industry stayed on its record-setting pace in 2023, generating an economic impact approaching $14 billion while sustaining nearly 100,000 jobs, Gov. Andy Beshear said Thursday
https://skift.com/2024/05/30/tourism-ceos-the-link-between-pay-and-performance/
Tourism Economics President Adam Sacks said its ROI studies isolate external factors that will influence tourism to accurately capture Brand USA's impact. "We include those in the model as
https://www.bizjournals.com/portland/news/2024/05/28/oregon-tourism-data.html
The Travel Oregon Economic Impact of Travel report, released last week, indicates that the travel sector absorbed huge hits due to the pandemic. Total travel spending dropped by 47% between year
https://www.pakistantoday.com.pk/2024/06/01/tourism-and-its-impact-on-pakistans-economy/
Tourism is a dynamic and multifaceted industry that plays a significant role in the economic development of many countries. Its effects on the economy are profound and diverse, influencing various