The Transition to a More Sustainable Business Model in Tourism. Sustainable Coastal Destinations Best Practices

Ion Danut Juganaru () and Bogdan Pletea ()
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Ion Danut Juganaru: "Ovidius" University of Constanta, Faculty of Economic Sciences, Romania
Bogdan Pletea: PMS Consulting Group

Ovidius University Annals, Economic Sciences Series, 2023, vol. XXIII, issue 1, 122-131

Abstract: The article aims to bring a fresh perspective on current trends of global tourism by providing examples of best practice of costal tourism as key driver of sustainable regional development. Following the example of Balearic Region of Spain, the article is designed to contribute to a more sustainable approach to destination management. Tourism is one of the world's fastest growing industries and an important source of foreign exchange and employment, while being closely linked to the social, economic, and environmental well-being of many countries, beginning with small countries and ending with large geo-economic regions. Over the last years, sustainability became a top priority for many industries, including global travel and tourism, which accounts for between 8 and 11 percent of the world’s emissions. Given its importance, tourism has the opportunity and responsibility to address many of the challenges faced by our societies while transforming itself to address its socio-economic impacts.

Keywords: inclusive and equitable development; green tourism; coastal tourism destinations; best practices; sustainable development goals (search for similar items in EconPapers)
JEL-codes: A11 F64 O19 Q24 Q25 Q53 Q54 Q56 Z32 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxiii:y:2023:i:1:p:122-131

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