Critical success factors for tourism-led growth

This research uses evidence of 116 articles to identify the critical success factors (CSFs) for tourism-led growth (TLG). A dichotomous dependent variable was regressed against CSFs for various cross sections of 47 countries, spanning from 1995 to 2013. The results show that the safety and security of tourists, human resources, trade openness, protection of the environment, financial sector development, and technological development are CSFs for TLG. It follows from the results that the industrial development path decreases the odds of achieving success through TLG. Countries with more developed human capital and financial systems have better chances of achieving growth through tourism development.