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Evaluating the business case for investment in the resilience of the tourism sector of small island developing states

Research Archive

Evaluating the business case for investment in the resilience of the tourism sector of small island developing states

Mahon, Roché ; Becken, Susanne ; Rennie, Hamish
Type: Monograph
Permalink: https://hdl.handle.net/10182/5300
Originally published: 2013-02 as Land Environment and People Research Report by Lincoln University. LEaP and available at http://hdl.handle.net/10182/5300
Rights: ©LEaP, Lincoln University, New Zealand 2013. This information may be copied or reproduced electronically and distributed to others without restriction, provided LEaP, Lincoln University is acknowledged as the source of information. Under no circumstances may a charge be made for this information without the express permission of LEaP, Lincoln University, New Zealand.
Keywords: tourism; Small Island Developing States; Caribbean; Pacific; Maldives; self regulation; disaster risk reduction; business case
Fields of Research: 150603 Tourism Management

Abstract:

Over the last decade, a number of disasters severely affected tourist destinations. At the same time, the management of disasters has shifted from a reactive, top-down approach to a more inclusive approach that seeks to proactively include the private sector in reducing the risk of disasters. Considering that a significant proportion of tourism occurs in the potentially hazardous coastal zones of Small Island Developing States (SIDS), private tourism sector stakeholders can – and maybe have to – play an active role in disaster risk reduction (DRR). Establishing the business merits associated with investment in disaster resilient measures would be necessary to support increased private sector DRR investment. This study therefore evaluated the business case for investment in the resilience of the tourism sector in SIDS. As such, it offers: 1) a greater understanding of the root causes of destination vulnerability and risk using a cross-regional, comparative case study approach; and 2) a qualitative evaluation of the business case for investment in the resilience of SIDS tourism. Semi-structured interviews with 80 private and public sector stakeholders in the Caribbean, Pacific and AIMS regions revealed that some private sector stakeholders already self-regulate based on individual evaluations of a variety of tangible and less tangible benefits. More research is needed to develop the economic and financial data that may possibly encourage greater private sector investment in DRR, as well as, create a supportive and enabling national economic context for resilient tourism investment.

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