Bloomberg Opinion Profile picture
Apr 17, 2021 11 tweets 6 min read Read on X
Hawaii re-opened to tourists last year, and by mid-March the number of arriving domestic passengers exceeded 2020’s anemic levels by 400%.

A surge in visitors is undoubtedly good for the state’s hard-hit tourism economy. But is it good for Hawaiians? trib.al/7L5ymTd
A year after Hawaii's borders were first shut due to Covid, many locals have embraced a new normal:

🏖️Uncrowded beaches
🚦Free-moving traffic
🌊Cleaner air and water

In a recent poll, nearly half of Hawaiians said tourists are no longer worth the trouble trib.al/7L5ymTd Image
Around the globe, people living in tourist-dependent economies have spent Covid appreciating life free from the visiting hordes.

That is renewing a global debate about who exactly should benefit from tourism trib.al/7L5ymTd Image
The travel industry has impacted climate change:

➡️Tourism accounted for fully 8% of global greenhouse emissions between 2009 and 2013
➡️Overcrowding of tourists contributes to environmental degradation and a steady exodus of locals trib.al/7L5ymTd Image
Hanauma Bay in Hawaii was once a remote site enjoyed by locals.

By the time Covid hit, it was receiving 1 million tourists a year.

Those visitors trampled corals and left behind 412 pounds of sunscreen per day in the waters trib.al/7L5ymTd Image
Diagnosing overtourism is easier than finding a cure.

Its contraction has been tough in smaller, emerging-market countries.

Some ecologically fragile regions saw devastating increases in wildlife poaching as tourists stayed home during the pandemic trib.al/7L5ymTd Image
Recent surges of tourists in places such as Miami Beach have only added to worries that the end of Covid could mean a resumption of the old normal for communities beat down by too many visitors trib.al/7L5ymTd Image
A first step to fixing overtourism should be reforming how to measure a “successful” tourist business.

Visitor numbers and GDP have been the gold standard.

But groups like the @UNWTO could establish new metrics that take sustainability into account trib.al/7L5ymTd Image
✈️ Airlines and hotel chains could commit to sustainable tourism by:

➡️Reducing carbon emissions
➡️Improving waste management
➡️Investing in local communities trib.al/7L5ymTd Image
Businesses should recognize that harmful overtourism isn’t in their long-term interests.

Social-media sites should think of ways to educate their users about overtourism and discourage excessive crowds trib.al/7L5ymTd Image
Nobody wants a lecture about a post-Covid vacation.

But the message doesn’t need to be alienating: Traveling right just means thinking more like a local trib.al/7L5ymTd Image

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Bloomberg Opinion

Bloomberg Opinion Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @opinion

Apr 2
Could Trump’s tariffs raise $700 billion a year?

We did the math 🧵 Image
$700 billion is about nine times current US customs revenue, and 2.4% of the most recent estimate of US GDP.

Tariff revenue hasn’t surpassed 2% of GDP since the early 1870s, and hasn’t surpassed it on a sustained basis since the 1820s and 1830s Image
Trump often cites President McKinley’s high tariffs as an inspiration, but during McKinley’s presidency (1897 to 1901) tariffs generated less than half the share of GDP that $700 billion would amount to now Image
Read 10 tweets
Mar 18
Today, Meta is starting to roll out its own version of @X’s @CommunityNotes for Instagram, Threads and Facebook.

Will it work? Analysis of 1.1 million examples of the crowdsourced fact-checking system show it’s not stopping the spread of misinformation.

Look at the data 🧵
One of Community Notes’ main achievements is its speed in addressing misinformation. The chart below shows that it is getting faster 📈

But even with these improvements, notes typically appear after a post’s most viral stage of diffusion (after the damage is already done) Image
It’s unclear how much misinformation is on X — if it could be counted, it could be deleted.

But from X’s data, you can see that most misleading posts go unaddressed: Image
Read 10 tweets
Mar 17, 2023
📉 VCs causing the downfall of SVB
💰 Credit Suisse’s pricey lifeline
🚐 RVs predicting the future

🧵 Catch up on the week in news with @ALampietti’s round up of our must-see videos
If venture capitalists had stayed calm, would #SVB be OK today?

🎥 @kylascan has all the answers
What’s next for Credit Suisse? 🇨🇭

@PaulJDavies explains bloomberg.com/opinion/articl…
Read 6 tweets
Mar 15, 2023
Credit Suisse is in crisis.

What went wrong? So, so much.

🧵 Let’s take a look
We *just* learned that #SVB’s downfall was announcing it was raising equity without having buyers lined up, says @matt_levine.

So why would Credit Suisse’s biggest shareholder announce they would “absolutely not” put more money into the embattled bank? trib.al/aS9oy3I Image
After Saudi National Bank ruled out providing more assistance, #CreditSuisse closed down 24% at 1.697 Swiss francs per share, its lowest closing price on record trib.al/nnFD2F8 Image
Read 10 tweets
Mar 2, 2023
If health is wealth, America is dirt-poor.

The health-care crisis in the US isn’t just a tragedy for individuals. It makes it harder for the country to be productive and secure.

🧵 Let’s look at the data
The most vivid sign of the health crisis is falling life expectancy, says @adwooldridge bloomberg.com/opinion/articl…
There’s perhaps no greater metaphor for this crisis than the unhealthy discourse around Ozempic, writes @JKarl26.

A culture built on dieting is not a proper remedy for what ails us bloomberg.com/opinion/articl…
Read 8 tweets
Feb 28, 2023
📊 3 charts you need to see 📊

💰 Elon Musk is back on top
🇨🇳 Don’t panic over China’s “farm invasion”
⚡️ Putin’s invasion of Ukraine has dramatically redrawn the world’s energy map

Subscribe to Bloomberg Opinion Today for more trib.al/BNqIxPf
💰 Elon Musk is the world’s richest person again.

The billionaire has turned Tesla’s failing into winning bloomberg.com/opinion/articl…
🇨🇳 No need to panic over a “farm invasion”.

China doesn’t own nearly enough land to cause a food crisis bloomberg.com/opinion/articl…
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(