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Economic Impact of Tourism on Local Economies

Tourism is one of the biggest industries in the global economy, contributing approximately 10% of global GDP before the COVID-19 pandemic and creating one in every ten jobs worldwide. Underlying these staggering global numbers lies a high-tech set of economic pros and cons that have far-reaching effects on local communities. From city corridors to remote villages, tourists’ visits unleash economic ripples with the potential to transform local economies in numerous ways.

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Best Practices for Sustainable Travel

Travel offers us the chance to experience new cultures, landscapes, and attitudes. But at what cost—especially the environment. The tourism industry is accountable for producing nearly 8% of total carbon emissions worldwide, and mass tourism in the most visited locations has put communities and environments in a breaking point. The silver lining? Tourists can have less impact on the environment and contribute to making their vacations more sustainable by embracing smart decisions and small actions.

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