Economic impacts, the multiplier effect, leakage and seasonality

What this note covers

1. The economic dimensions of tourism
2. The economic multiplier effect
3. Leakage: where tourism money escapes
4. Seasonality and its effects
5. External economic shocks: pandemics, interest rates and exchange rates
6. Answering economic-impact questions
7. Weighing economic benefits against costs

7 sections · 12 key terms & formulas · 6 common mistakes