Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

World Tourism Day 2 0 1 7 , with its official celebration on September 2 7 in Qatar, was focused on sustainable tourism. Established by

World Tourism Day 2017, with its official celebration on September 27 in Qatar, was focused on sustainable tourism. Established by the United Nations World Tourism Organization (UNWTO), World Tourism Day has been celebrated since 1980, and the theme for 2017 was the "International Year of Sustainable Tourism for Development." The event was designed with two sessions: one focused on 'Tourism as a driver of economic growth', and the other 'Tourism and the Planet: committed to a greener future'. With over 1.2 billion travellers crossing international borders in 2016, and that number expected to grow to 1.8 billion by 2030, sustainable tourism is viewed by many as an important catalyst for diversification and economic growth.

Source: Vicky Karantzavelou, " World Tourism Day 2017 celebrated on the theme Sustainable Tourism - a Tool for Development," traveldailynews.com, August 14, 2017

Refer to the Article Summary. Assume that more global tourist destinations begin to offer and publicize sustainable tourism to American tourists and, due to the growing number of millennials attracted to sustainability, more Americans choose to embrace sustainable tourism. All else equal, what will happen in the market for sustainable tourism as a result of these two factors?

Demand will increase and supply will decrease.

Supply will increase, but these two factors will not shift the demand curve.

Demand and supply will both increase.

Demand will increase, but these two factors will not shift the supply curve.



Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Differential Equations and Linear Algebra

Authors: Jerry Farlow, James E. Hall, Jean Marie McDill, Beverly H. West

2nd edition

131860615, 978-0131860612

More Books

Students also viewed these General Management questions

Question

Point out how nurses are involved in reducing risks.

Answered: 1 week ago