Tourism-Dependent Nations Rethink the Golden Goose
Record arrivals collide with housing crises and overtourism protests. Popular destinations are pricing in quality over quantity.
The growth model hits its own ceiling
Barcelona, Venice and Kyoto now tax and ration the arrivals that once bankrolled their budgets. The pivot is deliberate: fewer, higher-spending visitors over volume.
The risk is a two-speed travel economy where the mass market shifts to overlooked second cities and regional hubs.
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Record arrivals collide with housing crises and overtourism protests. Popular destinations are pricing in quality over quantity.
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