This report covers the development of contemporary tourism, positive and negative economic impacts, positive and negative environmental impacts, and positive and negative socio-cultural impacts of tourism. It also discusses the historical development of tourism and the future of the industry. The tourism industry is the biggest globally and is essential for the economic development of a country. However, it brings both positive and negative impacts on the environment, society, and culture. Governments need to take initiatives to promote sustainable tourism for the growth of the industry and the country.