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Learn how tourism can bring money, employment and development to a destination, but also face challenges such as leakage, infrastructure costs and dependence. See case studies and statistics of the economic impacts of tourism worldwide.
WTTC and Oxford Economics produce reports on the economic and employment impact of Travel & Tourism for 185 countries and 28 regions. See the latest data on global GDP, jobs, visitor spending, and policy analysis.
The impact of tourism on the economy extends beyond generating income and employment. It acts as a growth engine, stimulating investment in infrastructure, promoting sustainable development, and fostering the conservation of cultural and natural heritage.
The World Economic Outlook Report by the IMF highlights tourism as a key driver of economic recovery and growth in 2023 and 2024. The report shows that countries with large travel and tourism sectors have stronger resilience and activity than others.
Overtourism is when tourist demand exceeds the carrying capacity of host communities, leading to negative economic, social and environmental impacts. Learn about the complexities of overtourism and how destinations can overcome it with policy measures, quality tourism and responsible behaviour.
Abstract. This article provides new global evidence for the causal relationship between international tourist arrivals (TA) and economic growth (EG). The analysis considers 23 developing and developed countries and covers the period from January 1981 to December 2017.
Topics such as the relationship between tourism and economic impact, its potential benefits and negative externalities are characterized by both vastness and heterogeneity of contents. Therefore, it can be complex to pinpoint the seminal works of each area of study. To extract the backbones of the research tradition, we applied the dynamic ...
Bojanic DC, Lo M (2016) A comparison of the moderating effect of tourism reliance on the economic development for islands and other countries. Tour Manag 53:207–214.
With 2023 at an end, the Travel and Tourism (T&T) sector is finally positioned to move past the impact of the pandemic, with international tourist arrivals anticipated to reach levels reminiscent of the pre-pandemic era.However T&T sector stakeholders and destinations are navigating a complex terrain marked by external challenges such as geopolitical and economic uncertainty, inflation and ...
Travellers were seldomly aware of the many negative impacts the tourism industry could have on people and culture. Local people grew weary of poor working conditions, lifestyle changes, and cultural loss brought on by mass tourism. A fear of losing tourism dollars often led to management strategies that submitted local natural and cultural ...