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cover of episode Is Tourism Harmful or Helpful? The Economic and Cultural Impact of Global Travel

Is Tourism Harmful or Helpful? The Economic and Cultural Impact of Global Travel

2023/11/15
logo of podcast Money For the Rest of Us

Money For the Rest of Us

AI Chapters Transcript
Chapters
This chapter explores the impact of Airbnb on tourism, examining its economic benefits and drawbacks. It discusses the increasing density of short-term rentals in various locations, the role of private equity, and the potential for future changes in the industry.
  • Airbnb's impact on tourism economics and housing
  • Density of Airbnb units in different regions
  • Private equity's influence on short-term rentals

Shownotes Transcript

What are the economic and cultural benefits of tourism. What are the downsides to too much tourism. How to find the right balance.

Topics covered include:

  • How short-term rentals have changed tourism
  • How cities grapple with too many short-term rentals
  • What is the outlook for short-term rentals
  • How much does tourism contribute to economic output
  • How can tourism be harmful and helpful
  • The example of Cuba

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Show Notes

International tourism revenue, percent of GDP - Country rankings—The Global Economy)

U.S. Travel and Tourism Satellite Account for 2017–2021 by Sarah Osborne—Journal of US Bureau of Economic Analysis )

2023 Short-Term Rental Mid-Year Outlook—AirDNA)

Welcome to Hochatown, the Town Created by Airbnb by Julie Satow—The New York Times)

Short-Term Rentals Attract Private Equity Seeking New Asset Class by Sean O'Neill—Skift)

As Cuba’s economic crisis deepens, citizens scramble to migrate by any means by Dave Sherwood—The Irish Times)

Cuba's worst economic crisis in decades forces people to get creative to survive by Eyder Peralta—NPR)

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389: Is Airbnb Intensifying the Housing Crisis?)

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