Is Tourism Harmful or Helpful? The Economic and Cultural Impact of Global Travel

Money For the Rest of Us

What are the economic and cultural benefits of tourism. What are the downsides to too much tourism. How to find the right balance.

Topics covered include:

• How short-term rentals have changed tourism
• How cities grapple with too many short-term rentals
• What is the outlook for short-term rentals
• How much does tourism contribute to economic output
• How can tourism be harmful and helpful
• The example of Cuba

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Show Notes

International tourism revenue, percent of GDP - Country rankings—The Global Economy

U.S. Travel and Tourism Satellite Account for 2017–2021 by Sarah Osborne—Journal of US Bureau of Economic Analysis

2023 Short-Term Rental Mid-Year Outlook—AirDNA

Welcome to Hochatown, the Town Created by Airbnb by Julie Satow—The New York Times

Short-Term Rentals Attract Private Equity Seeking New Asset Class by Sean O'Neill—Skift

As Cuba’s economic crisis deepens, citizens scramble to migrate by any means by Dave Sherwood—The Irish Times

Cuba's worst economic crisis in decades forces people to get creative to survive by Eyder Peralta—NPR

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