VEGA has released its 2012 report on tourism development. The document details VEGA’s approach to tourism development and discusses its importance to the growing global market. Despite the worldwide recession, tourism is an industry that is experiencing dynamic growth. The Travel and Tourism sector accounts for approximately 9.2 percent of global GDP, 4.8 percent of world exports, and 9.2 percent of world investment from direct and indirect activities combined. In particular, when tourism is implemented in a sustainable manner it can benefit the world’s most vulnerable communities and people in developing and transitional countries.

Best practices for sustainable tourism development include conducting a value-chain analysis, involving the stakeholders at every level, and facilitating public-private alliances. VEGA’s approach to tourism development focuses on these best practices and more.

Read the full report here and find more resources for tourism development here.