Carlos Aurelio Santamaría

Sustainable Tourism: balancing price and value for a responsible future

Carlos Aurelio Santamaría

Sustainable Tourism: balancing price and value for a responsible future

Within the framework of the Vitrina Turística ANATO held in Bogotá and accompanied by my great friend and professor, Antonio Santos del Valle, president of the great and enriching institution of the Tourism and Society Think Tank, I had the good fortune to have a fruitful meeting with friends, professors and researchers to see how sustainable tourism has become a global priority, seeking to balance economic development with environmental conservation and social wellbeing. However, despite the fact that many travellers express interest in sustainable practices, price is still a determining factor in their travel decisions. This article explores the relationship between price and value in sustainable tourism, offering strategies to align the two and promote more responsible tourism.

Studies indicate that while a majority of tourists (65-78%) say that sustainability matters a lot to them, when it comes to purchasing, price is still the deciding factor. This discrepancy, known as the ‘say-do gap’, reflects that while travellers recognise the importance of sustainability, they are not always willing to pay additional costs for it.

For many consumers, concepts such as climate change, carbon footprint or renewable energy can seem abstract and difficult to quantify in terms of personal benefits. However, tangible initiatives, such as wildlife and natural habitat conservation, are often more understandable and emotive. 

Strategies for balancing price and value in sustainable tourism

To bridge the gap between intention and action, it is essential that tourism businesses implement strategies that highlight the value of sustainability without imposing prohibitive costs. Below are some recommendations:

Case studies: implementing sustainable strategies  

A number of destinations and companies have taken steps to integrate sustainability into their tourism offerings, balancing price and value. The following are some prominent examples.

Sustainable tourism represents an opportunity to transform the tourism industry towards more responsible and balanced models. However, for sustainability to be perceived as an added value and not as an additional cost, it is essential that companies and destinations adopt strategies that align price and value. By educating consumers, facilitating the adoption of sustainable practices and highlighting the personal and economic benefits, the gap between intention and action can be bridged, promoting tourism that benefits travellers, communities and the environment.

Author: Carlos Aurelio Santamaría

Professor, researcher and member of the TSTT Working Group

The authors are responsible for the choice and presentation of the facts contained in this document and for the opinions expressed therein, which are not necessarily those of Tourism and Society Think Tank and do not commit the Organization, and should not be attributed to TSTT or its members.

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