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Calls for a new relationship between tourism and capitalism have intensified as a result of COVID-19. The pandemic has exposed massive vulnerabilities in the tourism operating system, the effects of which have fallen unevenly across different groups and subsectors of tourism. Critics have been quick to point out capitalism’s emphasis on resource exploitation, growth and profit is to blame and that tourism destinations have never been encouraged to foster diverse economic practices which would enhance resilient communities and regenerative tourism. The diverse economies framework envisages the co-existence of capitalist, alternative capitalist and non-capitalist practices and provides a pathway to more resilient and regenerative tourism practices in tourism. Tourism industry cases are used to illustrate the innovation inherent in diverse economic practices (enterprise, exchange, labour, transactions, property etc.) and illustrate their natural resilience as a result. Post COVID-19, a regenerative tourism that incorporates diverse economic practices will guide tourism practices worldwide to withstand future exigencies.
Cave et al. (Mon,) studied this question.