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Sustainable Economic Development Analysis

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INTRODUCTION
Volcanic eruptions, Tsunami, earthquakes and a series of global disasters is threatening the world. This is the movie 2012 (Roland, E. & Harald, K., 2009) that the end of the world will falls on December 21, 2012 prophecy stated by ancient Mayan calendar. While the movie was released, it did bring the impact that the earth is suffering from the human activities especially the industries development.
Each year, tourism and hospitality and the related economic activities produce 11% of Global Domestic Product (GDP) which including 200 million people employment. Nearly 700 million tourists travel globally every year. These figures are expected to double especially in some of the world’s least developed countries by 2020. (WWF, 2017) …show more content…

Sustainable development has been defined as development that meets the needs of the present without compromising the ability of future generations to meet their own needs. It is important for economic growth, social dimension and environment to make sustainable development achievable. These components are interrelated and all are fundamental for the welfare of individuals and societies.
Thus, this essay is about the balance between economic growth and the protection of environmentally sustainable processes with the analysis ofconcept of key principles and the criticism of sustainable …show more content…

In order to make future generations benefit from today’s economic growth, it must environmentally friendly (The Sustainable Development Goals Report, 2017). The developments plan should consider longer time frame compared to other businesses. Hotel should have the blueprint for the estimation period. It should had make the consideration before the development.
The successful example is Marriot Group. They had an agreement under United Nation Sustainable Development Goals which work to tackle a set of 17 Sustainable Development Goals (SDGs) to end poverty, fight inequality and injustice, and tackle climate change by 2030. Furthermore, Marriot Group had partners with green suppliers in aims to for innovative products and environmental friendly activities through the supply chain that deliver greater performance to achieve the sustainability goals. Ongoing efforts on helping save the energy, reduce water usage, increase waste diversion, environment conservation program and incorporate the green brands for sustainability. It shows they had taking the initiative in the lead for sustainable development in hospitality

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