Sustainable Management Effects on Tourist Destination Attractiveness

The study is designed to explain the attractiveness of tourist destination depending on its performance in the coordinates of sustainable development. The paper considers the history of the sustainable development concept’s formation and the place of sustainable tourism in it, describes modern approaches of assessing the sustainability of tourist destination and its dependence on the sustainable development management. Based on a review of modern sustainable destinations, the Azores, the Autonomous Region of Portugal is selected for the econometric modeling of attractiveness depending on 15 factors which describe the dynamics of the economic, sociocultural and environmental sustainability of the Azores for the period from 1986 to 2019. The results of ARIMA modeling prove the significance of all blocks of stability, however, not all hypotheses regarding the factors considered were confirmed. The forecast based on the results of modeling predicts the increase in the attractiveness of the Azores in the long term (until 2030). The presence of an attractive effect from implementation of sustainable development management in the destination was also proved by vector models of error correction based on the previous shocks of “sustainable” activity of the archipelago. Based on the results of a plan-fact analysis of the extent to which the Azores have achieved UN global goals in the field of sustainable development, a list of best-use practices for the sustainable development of the archipelago has been compiled.