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

Author

Listed:
  • Ion Danut Juganaru

    ("Ovidius" University of Constanta, Faculty of Economic Sciences, Romania)

  • Bogdan Pletea

    (PMS Consulting Group)

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.

Suggested Citation

  • Ion Danut Juganaru & Bogdan Pletea, 2023. "The Transition to a More Sustainable Business Model in Tourism. Sustainable Coastal Destinations Best Practices," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 122-131, August.
    • Handle: RePEc:ovi:oviste:v:xxiii:y:2023:i:1:p:122-131
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    More about this item

    Keywords

    inclusive and equitable development; green tourism; coastal tourism destinations; best practices; sustainable development goals;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • F64 - International Economics - - Economic Impacts of Globalization - - - Environment
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • Q24 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Land
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development

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