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The economics of tourism have been shown to push out local tourism business owners in favour of strangers to the region. [9] [10] [11] Foreign ownership creates leakage (revenues leaving the host community for another nation or multinational business) which strips away the opportunity for locals to make meaningful profits.
Tourism frequently also puts additional pressure on the local environment. [56] The economic foundations of tourism are essentially the cultural assets, the cultural property and the nature of the travel location. The World Heritage Sites are particularly worth mentioning today because they are real tourism magnets. But even a country's current ...
High-income tourism may well significantly increase leakage, as that industry likely involves importing more goods and services than usual. Ecological or adventure tourism may exhibit a very small degree of leakage, however, as they place value solely on what the host country has to offer.
Soviet economic planning was centralized and organized hierarchically, with a state planning agency such as the Gosplan establishing target rates for growth and the Gossnab allocating factor inputs to enterprises and economic units throughout the national economy. The national plan was broken down by various ministries, which in turn used the ...
Making Machu Picchu: The Politics of Tourism in Twentieth-Century Peru (UNC Press Books, 2018). Towner, John. "The grand tour: A key phase in the history of tourism." Annals of tourism research 12.3 (1985): 297–333. Vukonic, Boris. "An outline of the history of tourism theory." in The Routledge handbook of tourism research ed. Cathy Hsu (2012).
Cover of the 2008 report. The Travel and Tourism Development Index (TTDI), formerly known as the Travel and Tourism Competitiveness Index (TTCI), is an index developed by the World Economic Forum (WEF) to measure the attractiveness and potential of countries for investment and development in the travel and tourism sector, rather than its attractiveness purely as a tourist destination.
Sustainable tourism is a concept that covers the complete tourism experience, including concern for economic, social, and environmental issues as well as attention to improving tourists' experiences and addressing the needs of host communities. [1]
"Tourism Carrying Capacity" is defined by the World Tourism Organization as “The maximum number of people that may visit a tourist destination at the same time, without causing destruction of the physical, economic, socio-cultural environment and an unacceptable decrease in the quality of visitors' satisfaction”.