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:<ul><li>How short-term rentals have changed tourism</li><li>How cities grapple with too many short-term rentals</li><li>What is the outlook for short-term rentals</li><li>How much does tourism contribute to economic output</li><li>How can tourism be harmful and helpful</li><li>The example of Cuba</li></ul>Sponsors<a href="https://www.madisontrust.com/david?utm_source=money+for+the+rest+of+us&utm_medium=podcasts&utm_campaign=self-directed+ira&utm_id=money+for+the+rest+of+us" rel="noopener noreferrer" target="_blank">Madison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo Code</a>LinkedIn Jobs –&nbsp;<a href="https://linkedin.com/david" rel="noopener noreferrer" target="_blank">Use this link to post your job for free on LinkedIn Jobs</a>Insiders Guide Email NewsletterGet our&nbsp;<a href="https://moneyfortherestofus.com/insiders-guide/" rel="noopener noreferrer" target="_blank">free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.</a>Show Notes<a href="https://www.theglobaleconomy.com/rankings/international_tourism_revenue_to_GDP/" rel="noopener noreferrer" target="_blank">International tourism revenue, percent of GDP - Country rankings—The Global Economy</a><a href="https://apps.bea.gov/scb/issues/2023/02-february/0223-travel-tourism-satellite-account.htm" rel="noopener noreferrer" target="_blank">U.S. Travel and Tourism Satellite Account for&nbsp;2017–2021 by Sarah Osborne—Journal of US Bureau of Economic Analysis </a><a href="https://www.airdna.co/blog/2023-us-mid-year-short-term-rental-outlook-report" rel="noopener noreferrer" target="_blank">2023 Short-Term Rental Mid-Year Outlook—AirDNA</a><a href="https://www.nytimes.com/2023/11/10/travel/airbnb-rural-boom-bust.html" rel="noopener noreferrer" target="_blank">Welcome to Hochatown, the Town Created by Airbnb by Julie Satow—The New York Times</a><a href="https://skift.com/2022/03/15/short-term-rentals-may-prove-right-fit-for-private-equity-seeking-new-asset-class/" rel="noopener noreferrer" target="_blank">Short-Term Rentals Attract Private Equity Seeking New Asset Class by Sean O'Neill—Skift</a><a href="https://www.irishtimes.com/world/americas/2023/11/12/as-cubas-economic-crisis-deepens-citizens-scramble-to-migrate-by-any-means/" rel="noopener noreferrer" target="_blank">As Cuba’s economic crisis deepens, citizens scramble to migrate by any means by Dave Sherwood—The Irish Times</a><a href="https://www.npr.org/2023/09/28/1202264839/cuba-s-worst-economic-crisis-in-decades-forces-people-to-get-creative-to-survive" rel="noopener noreferrer" target="_blank">Cuba's worst economic crisis in decades forces people to get creative to survive by Eyder Peralta—NPR</a>Related Episodes<a href="https://moneyfortherestofus.com/mny093-capitalism-complexity-cuba/" rel="noopener noreferrer" target="_blank">93: Capitalism, Complexity and Cuba</a><a href="https://moneyfortherestofus.com/airbnb-housing-crisis/" rel="noopener noreferrer" target="_blank">389: Is Airbnb Intensifying the Housing Crisis?</a><a href="https://moneyfortherestofus.com/449-economic-and-financial-warning-signs/" rel="noopener noreferrer" target="_blank">449: The House of Cards: Evaluating Economic and Financial Warning Signs</a>See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

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

Money For the Rest of Us