What Is Economic Leakage In Tourism And Why Is It So Bad For The Tourism Industry?

Economic leakage is a major problem in the travel and tourism industry. Destinations develop and grow their tourism industries with high hopes of making a significant income from the various tourism-associated activities. However, in many destinations, this is simply not the case. Economic leakage in tourism happens for a number of reasons and in this video I am going to teach you all about what economic leakage in tourism is, why it occurs and how we can stop it. 🌎 LEARN MORE at https://tourismteacher.com/economic-leakage-tourism/ 🌎 *Get your FREE study skills guide here- https://www.subscribepage.com/study-skills *Get your FREE plagiarism checker and proofreader with Grammarly- https://shareasale.com/r.cfm?b=224327&u=1989555&m=26748&urllink=&afftrack= - ARE YOU A TRAVEL AND TOURISM TEACHER? -Join the Tourism Teacher Tribe: https://tourismteacher.com/tourism-teacher-tribe/ -Get teaching classroom resources: https://tourismteacher.com/sales-page-travel-and-tourism-teaching-resources/ -Organise a guest talk: https://tourismteacher.com/tourism-teacher-guest-talks-lectures-and-presentations/ -Connect with other teachers: https://www.facebook.com/groups/2381535295397924 - ARE YOU A STUDENT? - Get the ultimate travel and tourism reading list- https://tourismteacher.com/travel-and-tourism-reading-list/ -Join me in my classroom, get feedback on your work or sign up for mentorship here- https://www.patreon.com/drhayleystainton?fan_landing=true -Learn more about tourism: https://tourismteacher.com/category/learn-more-about-the-tourism-industry/ LETS CONNECT -Instagram: https://www.instagram.com/the_tourism_teacher/ -Facebook: https://www.facebook.com/thetourismteacher -LinkedIn: https://www.linkedin.com/in/hayley-stainton/ -Twitter: https://twitter.com/DrStainton CONTACT- If you would like to work with me contact drhayleystainton@tourismteacher.com Time stamps- 00:00 Economic leakage in tourism 01:19 What is economic leakage in tourism? 02:08 Why is economic leakage in tourism such a big problem? 05:00 Where does the tourists' money end up? 06:22 The problems with multinational corporations in tourism 06:57 The problems with foreign employment in tourism 07:54 The problems with enclave tourism 08:40 The tourism system 09:21 How to minimise economic leakage DISCLAIMER: Links included in this description may be affiliate links. If you purchase a product that I recommend I may get a small commission at no additional charge to you. Thank you for supporting my channel so that I can continue to provide free educational resources to all.