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.

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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

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