What Is Economic Leakage In Tourism And Why Is It So Bad For The Tourism Industry?

Economic leakage is a major problem in the travel and tourism industry. Destinations develop and grow their tourism industries with high hopes of making a significant income from the various tourism-associated activities. However, in many destinations, this is simply not the case. Economic leakage in tourism happens for a number of reasons and in this video I am going to teach you all about what economic leakage in tourism is, why it occurs and how we can stop it.
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Time stamps-
00:00 Economic leakage in tourism
01:19 What is economic leakage in tourism?
02:08 Why is economic leakage in tourism such a big problem?
05:00 Where does the tourists' money end up?
06:22 The problems with multinational corporations in tourism
06:57 The problems with foreign employment in tourism
07:54 The problems with enclave tourism
08:40 The tourism system
09:21 How to minimise economic leakage
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[@juancarlosromero262]

Thanks Dr. It is always very instructive your lectures, need to catch up all the info you have already gave thru the video lectures. Greets from Ecuador

[@rebeccalia9874]

Thank you for the great information. I have never thought about tourism in this way. I wish more people get to know about this. Definitely try to shop locally instead of sticking to the international brands the next time

[@TourismTeacher]

I am trying to spread the word! 👍😊

[@deadoux]

your explanations are impeccable... thank you!

[@supremechalise4712]

Igcse travel and tourism

[@vals88]

In my opinion, this is one of the biggest challenge for the future.

[@florl.1840]

Hi hello! Do you have some paper about what destinations sufffer more leakage? Or some type of theory about how much percent represents?

[@breakbinaries334]

Capitalism is at the root of this problem. It's very similar to resource extraction. I think it's important to point out the issues with current tourism like you have in this video but I think it's harmful not to see how capitalism as a structure at it's root incentivizes this behavior and is so harmful to these communities.