No Country Ever Got Rich From Tourism

No Country Ever Got Rich From Tourism

In the United States, newscasters read out employment numbers and GDP growth figures. In Southern Europe, they read out tourist arrival numbers. In many countries, tourism has become synonymous with future economic prosperity. When put into numbers, the dependence of some countries on foreign tourist spending is staggering. In 2019, just before the COVID-19 pandemic threw global tourism into chaos, international tourist receipts were equivalent …