Tourism, Vulnerability, And Economic Crisis
Within APEC: Responses From International
Destinations – Phuket, Thailand And
Los Cabos, Mexico
Author(s)
A. Gámez, A. Ivanova & K. Campiranon
Abstract
The Subprime Crisis in 2008 showed the need to devise mechanisms of
economic adaptation and prevention of losses in a context of extreme
vulnerability, which defied traditional views of economic and political
organization worldwide. For the tourism sector the challenge doubled since it is
normally highly vulnerable to external impacts, which in turn tend to
compromise the capacity of recovery of tourist destinations. This paper offers a
comparison of responses from the lodging sector to the world economic crisis in
two APEC tourism destinations: Phuket (Thailand) and Los Cabos (Mexico).
Both destinations reflect a dynamic model of foreign investment and demand and
are site to processes of economic and demographic growth that foster
controversial local and external interactions. An analysis of perceptions and
actions taken by the hotel sector to face the still undergoing economic crisis
could help strengthen the sector’s capacity of recovery so that lessons can be
advanced for the future and other similar destinations.
Keywords: international crisis, tourism vulnerability, APEC, Los Cabos, Phuket.
1 Introduction
Although the importance of tourism for recovery has been acknowledged both
internationally and at the national level in the context of one of the most acute
economic crisis of the last century, there is a scarcity of studies which focus on
Keywords
international crisis, tourism vulnerability, APEC, Los Cabos, Phuket.
Related Book
Other papers in this volume
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