Unlocking Tourism's Potential for Business Sustainability

Abstract

The tourism industry's deep interindustry linkages makes it a significant engine of growth for an economy. When aligned with specific sustainability goals, it becomes an effective means of inclusive prosperity and environmental protection. Coming fresh from the lockdown, investors and stakeholders are more conscious of their investing and spending decisions preferring more and more businesses and industries with sustainable business practices (Leal Filho et al., 2022). Specifically, tourism's generation of business and customer values must also extend to generation of value to the environment, society, and even on governance (GIZ, 2020). This chapter, using a system's view approach, demonstrates how activities in the tourism value chain – besides being an engine of growth – can also be the vehicle to attaining environmental, social, and governance (ESG) aspirations.

Citation

Padojinog, W.C.B., Janeo, V.Y.T. and Rueda, D. (2024), "Unlocking Tourism's Potential for Business Sustainability", Rivera, J.P.R., Gutierrez, E.L.M. and Roxas, F.M.Y. (Ed.) Revisiting Sustainable Tourism in the Philippines (New Perspectives in Tourism and Hospitality Management), Emerald Publishing Limited, Leeds, pp. 31-43. https://doi.org/10.1108/978-1-83753-678-820241002