Citation:

Dr. Nathan Gitonga. "Sustainable Economic Models for Transforming the Tourism Industry in the 21st Century" International Research Journal of Economics and Management Studies, Vol. 4, No. 2, pp. 216-223, 2025.

Abstract:

The 21st century is characterized. This research paper discusses the requirements for sustainable economic models that will ensure the sustained existence, development, and transformation of the industry. It will further describe more on how the face of tourism in the ecologically and socio-culturally sensitive world is changing because of adopting sustainable practices, innovative technologies, and local area community engagement. This study, through a literature review, case studies, and expert interviews, evaluates the economic feasibility, the potential for increased long-term profitability in benefit sharing and the reduction of adverse impacts of sustainable tourism models. Furthermore, this study identifies new trends and best practices where ecotourism, cultural tourism, and destination management provide a strategic roadmap for the stakeholders, governments, and entrepreneurs toward showcasing endless opportunities and challenges in the 21st century. Finally, this paper shows that the key to preserving natural and cultural treasures for the good of forthcoming societies is a balance between economic sustainability and ethical practices of tourism.

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Keywords:

Sustainable Tourism, Ecotourism, Community-Based Tourism, Environmental Sustainability, Cultural Heritage Preservation, Destination Management, Overtourism, Tourism Economic Models, Tourism Policy and Regulation.