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Nautical tourism, also called water tourism, is tourism that combines sailing and boating with vacation and holiday activities. It can be travelling from port to port in a cruise ship , or joining boat-centered events such as regattas or landing a small boat for lunch or other day recreation at specially prepared day boat-landings.
This can include a wide range of economic sectors, from the more conventional fisheries, aquaculture, maritime transport, coastal, marine and maritime tourism, [1] or other traditional uses, to more emergent activities such as coastal renewable energy, marine ecosystem services (i.e. blue carbon), seabed mining, and bioprospecting.
In 2001, Murray Rudd studied the economic impact of spiny lobsters – or lack thereof – on scuba diving. Rudd concludes that "there is justification for placing some positive non-extractive economic value on spiny lobsters", as scuba divers were inclined to pay more for marine tourism if given the guarantee that such lobsters would be present.
Marine resources include: biological diversity (marine biodiversity) ecosystem services from marine ecosystems, such as marine coastal ecosystems and coral reefs; fish and seafood; minerals (for example deep sea mining) oil and gas; renewable energy resources, such as marine energy; sand and gravel; tourism potential
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
The economics of tourism have been shown to push out local tourism business owners in favour of strangers to the region. [9] [10] [11] Foreign ownership creates leakage (revenues leaving the host community for another nation or multinational business) which strips away the opportunity for locals to make meaningful profits.
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A study on diving tourism in East Africa showed that the major environmental risks for that region are overfishing and marine pollution. The economic risks are mainly price inflation and recessions, the social risks include global disease epidemics and international crime, and political instability and onerous visa regulations are the major ...