Jun 25, 2025

Point of View from Dr. Yasha Feferholtz - The Economic Impact of Tourism: Strategies for Higher Yields

In every conversation with our destination partners, one question keeps coming up:
"How do we make tourism work harder for our economy and our people?"

It’s not just about bringing more visitors—it’s about bringing the right visitors, building the right products, and setting up systems so that tourism money doesn’t just leak through—but sticks, scales, and transforms lives.

In our newest white paper, "The Economic Impact of Tourism: Strategies for Higher Yields," our economist Dr. Yasha Feferholtz breaks down nine practical, proven tools that tourism boards and ministries can use to turn tourism into a high-performing economic engine.

The Toolkit Includes:

  • Cost-Benefit Analysis to prioritize investments like convention centers or wellness resorts
  • Multiplier Analysis to trace how every dollar spent circulates through the local economy
  • Market Segmentation and Digital Marketing to attract higher-spending visitors, not just more of them
  • Capacity-Building Programs that ensure local communities benefit directly from tourism jobs and enterprise
  • Demand Forecasting and Price Elasticity to plan better, earn more, and avoid overcapacity

We've done this work with destinations like the Aruba Tourism Authority and the Barbados Ministry of Tourism. We show how nine proven tools—from cost-benefit analysis to demand forecasting—can turn visitor arrivals into long-term prosperity.

At Trove, we believe this kind of data-driven, community-rooted strategy is the only way to build tourism that’s sustainable, inclusive, and future-ready.

📩 Want to learn more or schedule a session with our economists and strategists? Reach out at info@trovetourism.com.

➡️ Download the White Paper in the Form Below.

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