In this video, we delve into the methods used to calculate the economic value of tourism in a destination. We cover key concepts such as direct, indirect, and induced contributions of tourism spending. The video also explains Tourism Satellite Accounts (TSA), Input-Output Models, the Contingent Valuation Method (CVM), Hedonic Valuation, and the multiplier effect. Each method is illustrated with relevant examples to demonstrate how they help stakeholders understand tourism's impact on local economies. This knowledge is essential for effective planning and sustainable development in the tourism sector.
#TourismEconomics #EconomicImpact #TravelIndustry #SustainableDevelopment #TourismValue #EconomicGrowth #TourismResearch #DestinationManagement #TravelAnalysis #LocalEconomy
