THE ROLE OF TOURISM INDUSTRY GROWTH IN ATTAINING SUSTAINABLE DEVELOPMENT GOALS IN A MODERN GLOBALIZED WORLD

Abstract

This article seeks to explore the effects of socioeconomic growth in the tourism industry to attain sustainable development goals in the contemporary globalized environment. A study on tourism as one of the fastest growing industries has revealed that modern tourism, an important area in foreign economic activity of many countries and a highly profitable sector, is a complex intersectoral phenomenon that contributes to tackling a number of critical economic and social issues. It is argued that tourism development promotes further integration and spurs international specialization. However, it is noted that rapid tourism growth might generate negative effects for the environment: soil and ocean pollution, climate change, inefficient use of energy sources, destruction of natural monuments, biodiversity loss, etc. In the context of this study, tourism is viewed as a promising management tool able to consolidate resources to meet economic, social and aesthetic needs along with preserving cultural identity, basic environmental processes, biodiversity and life support systems. Thus, the findings provide a rationale to assert that tourism boosting strategies should rely on sustainable development. It is emphasized that sustainable tourism development concept, in full compliance with the principles of harmonious development, is difficult to implement, however it is an ideal, a landmark that should be pursued. Despite the fact that over 4.2 million tourists visited Ukraine in 2021, the current tourism potential is yet to be further unlocked (the share of tourism industry in Ukraine's GDP makes only 1.5–2.5%). Among the key barriers to enhancing the tourism sector growth in Ukraine are the global COVID-19 pandemic as well as a range of managerial, economic, social, environmental and cultural factors. The study presents an overview on the recommendations of the Global Tourism Crisis Committee plan to restore the global tourism industry with a particular focus to attain sustainable development goals and the use of opportunities for transition to a circular economy.