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 Show Notes International tourism revenue, percent of GDP - … [Read more...]
280: Travel and the Trust Economy
I forgot to retrieve my bank card at an ATM at the Mexico City airport. A woman behind me in line walked up to the ATM and chose not to let me know about my card. Instead, within 30 minutes there were three fraudulent transactions on my card for items purchased at convenience stores near the airport. The amount charged was $120. My trust in others was diminished a bit after that incident. It got me wondering to what extent do individuals in different countries trust each other and is there a … [Read more...]