Sustainable Tourism Law

746 SUSTAINABLE TOURISM LAW finances, budgets for tourism have largely been maintained or increased worldwide, due to awareness of the important economic performance and contribution of this sector (OECD, 2018) as a key driver in economic development, in job creation and as already stated as the third export sector in the world (UNWTO, 2018). Several countries have no longer doubt that fulfilling tourism’s potential in a sustained way will depend upon their ability to adapt to emerging economic, social, political, environmental and technological trends and will require the development of policies, strategies and mechanisms that must involve the private sector as well as other stakeholders in tourism governance (OECD, 2018). A large majority of countries have understood in these last years the growing recognition of the importance of the development, management and promotion of local destinations, supported by regional or local structures and funding which must be monitored by several indicators. The growth of international travel, namely from China and other Asian markets, is providing new opportunities in all continents. But, this means that destinations along with further action that has been taken to improve connectivity and reduce barriers to travel must draw further attention to the sustainable tourism agenda and take actions to improve the awareness and attractiveness of tourism challenges in destinations. All these flows have diverse impacts in societies. So, it is imperative to create a model that lists the various tourism impacts as well as to solve economic problems first, especially by removing those distortions that may arise from the failure to place an economic value on environmental assets and their services, and the failure to reflect those economic values in the workings of the market- -place (Pearce, 2013). In order to reflect these policy priorities, actions must be taken to improve the monitoring of tourism impacts, extend certification schemes, encourage the use of new technologies and green finance instruments, and generally promote environmentally sustainable and socially inclusive tourism growth (OECD, 2018). II. THE STANDARD SUSTAINABILITY ASSESSMENT PROCESS Although we will discuss how sustainable development indicators (SDIs) sets may be used in assessments of whether society moves towards a sustainable