tourism economy
Visitor spending sector
A tourism economy is an economic system substantially dependent on revenue from visitors—their spending on lodging, food, attractions, and services.
Regions with tourism economies often have seasonal employment fluctuations and vulnerability to travel disruptions: The island's tourism economy collapsed during the pandemic.
The term can describe entire nations or specific localities.
- restaurantsCommercial dining venues
- cruise shipsSeagoing pleasure vessels
- hotelsCommercial lodging establishments
- bed and breakfastSmall inn serving morning meal
- beach resortsCoastal lodging for vacationers
peak seasons · off season · hiking trails · job creation · tax revenue · local markets · infrastructure development · airlines · package deals · all inclusive · local festivals · overtourism · seasonal employment · carbon footprint reduction · small businesses · convention centers · income inequality · travel agencies
tourism economyindustrial economy
Production-centered economic system
agricultural economy · subsistence economy · heavy industry · autarky · knowledge economy