What is economic tourism?

Tourism Economics is a branch (an applied discipline) of Economics that studies the economic effects of tourism activity: 1. Expenditure decisions; 2. Investment decisions; 3. Structure and organization of the markets (price, quantity, competition); 4.



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Revenue. Visitors spend money with the community's businesses. Restaurants, retail stores, boutiques and businesses of all varieties have the potential to earn more when their community attracts tourists. As a result, everyone from business owners to employees will have more to spend within the local economy.

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Here are a few ecotourism examples:
  • Travel to nature destinations (think flora, fauna, and natural resources)
  • Learning about local cultural heritage.
  • Sustainable wilderness adventures.
  • Viewing or volunteering with wildlife.
  • Trips dedicated to activities that promote the planet's well-being, like beach cleanups.


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Tourism revenues boost government revenues, household income, and increase employment opportunities, therefore leading to economic growth and prosperity for a country.

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