Blue Natural Capital : Enhancing Business Outcomes and Sustainability of Coastal Tourism Markets
The Coronavirus (COVID-19) pandemic hit the tourism industry particularly hard, affecting livelihoods and exacerbating some pressures on the natural capital resource base. Supporting the tourism sector recovery is an opportunity to build back bette...
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| Language: | English |
| Published: |
International Finance Corporation, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/en/491921618819593267/Blue-Natural-Capital-Enhancing-Business-Outcomes-and-Sustainability-of-Coastal-Tourism-Markets http://hdl.handle.net/10986/35476 |
| Summary: | The Coronavirus (COVID-19) pandemic hit
the tourism industry particularly hard, affecting
livelihoods and exacerbating some pressures on the natural
capital resource base. Supporting the tourism sector
recovery is an opportunity to build back better, ensuring
that business investments lead to a sustainable and
resilient shared-growth pathway that is good for tourism and
the natural capital on which it depends. Further sustainable
management of the Blue economy could more than double its
economic contribution to global relationship with economic
sectors across coastal landscapes and markets. The
experience of the State of Palawan in the Philippines is
explored in this note. It serves as a useful model for
weighing the opportunities and challenges typical of coastal
tourism areas and exploring natural dependencies therein. |
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