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Sustainable Tourism Development: Its feasibility and Economic Value

Sathiendrakumar, R. (2013) Sustainable Tourism Development: Its feasibility and Economic Value. In: Tisdell, C.A., (ed.) The Handbook of Tourism Economics: Analysis, New Applications and Case Studies. World Scientific Publishing, Singapore, pp. 787-811.

Link to Published Version: http://www.worldscientific.com/worldscibooks/10.11...
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Abstract

The view that the pursuit of economic goals and environmental goals are not mutually exclusive has become prominent in recent economic literature. Their consistency is only possible if tourism is developed in a sustainable manner. Therefore, the long-term viability of the tourism industry in any country is dependent on the maintenance of natural, cultural and historical attractions. This chapter deals with the economic meaning of sustainable tourism. One interpretation is that it involves the maintenance of a constant stock of tourism artifacts, maximising tourism services from these, and minimising the energy- level necessary to maintain that constant stock. This chapter also argues that even with sustainable tourism management, there will always be an interaction between tourism and the environment. Thus this chapter will not only be concerned with recognising and monitoring the impacts of tourism on the environment, but also with applying management measures to minimise its detrimental effects on the environment, with the aim of securing the long-term future of tourism resources.

Publication Type: Book Chapter
Murdoch Affiliation: School of Management and Governance
Publisher: World Scientific Publishing
Copyright: World Scientific Publishing
Publishers Website: http://www.worldscientific.com/
URI: http://researchrepository.murdoch.edu.au/id/eprint/8788
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