Balancing between Profitability and Sustainability: A Holistic Examination of the Tourism Industry’s Environmental and Social Impacts

Dr. Farshid Emdadi
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Dr. Farshid Emdadi: Tarbiat Modares University, Iran

SBS Journal of Applied Business Research (SBS-JABR), 2024, vol. 12, 4-10

Abstract: This article examines the tourism industry based on the concepts of sustainable development, highlighting the importance of prioritizing social development and environmental conservation. As more nations focus on this sector as a key driver of economic advancement, increasing concerns have arisen regarding the environmental and social impacts of this growth, which cannot be disregarded in the context of sustainable development principles. This article aims to take a holistic look at the tourism industry, albeit briefly, and highlight potential challenges that could significantly impact its profitability. The article not only presents verifiable data on tourism industry revenue generation, but also discusses factors that could potentially diminish this income due to the lack of adherence to sustainable development principles.

Keywords: Tourism industry; sustainable development; GDP; supply; demand; carbon footprint; systematic approach (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:bfv:journl:040

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