You are viewing a single comment's thread from:

RE: Economic Impact of Lock down

in OCD4 years ago

I feel bad for countries that rely on international tourism. However, when it comes to protecting the environment, a lot of the small island nations are the first to complain about rising sea levels due to climate change. Ironically, they encourage people to fly across the world to go there. Tourism is rarely eco-friendly and not particularly necessary.

I'm also thinking there are a lot of countries that have large tourism industries that are more reliant on domestic tourism than international tourism. USA, Canada, Korea, Japan, China, etc. are all making much more money off domestic tourism. Also, in Korea and Japan's case, there is a huge net outflow of tourist dollars. This means if people cannot leave, the local industry will do even better. I think we will see this trend all over the developed world.

Sadly, poor island countries in particular and huge international destinations which no local economy (Paris will do fine) will suffer while international travel is limited. However, countries with established domestic tourism will benefit, especially those normally suffering a net outflow.

Also, the environment will benefit as jet travel goes down and people stay away from fragile island ecosystems which actually can't handle the tourists.

Sort:  

Yes, Paris will do fine. And not just the island nations. Places like Santorini, won't do fine. Also the data talks about nation as a whole. Cities, states, are often severely affected.

In the US, take the state of Hawaii. It's one of the poorer states and almost entirely dependent of tourism for the local economy. If you ask the people of Hawaii to fish and be happy; well that's not going to work.

Yes, and pineapples. Hawaii will be hit, but domestic tourism from the US and federal $$$ puts them in a much better position than an independent island state.

These days my vacations savings are looking very good because I can't really do much. I wanted to go to Japan, but they have other ways to make money, so I'll probably go to the Philippines or some other tourist spot in SEA where they lack domestic tourists and robust economies.