The use of fossil energy is one of the major environmental problems associated with tourism and travel. Consequently, the need to limit fossil energy use has been highlighted as a precondition for achieving sustainable tourism development. However, tourism is also one of the most important sectors of the world economy, and fears have thus been expressed by the tourist industry and its organisations that increasing energy prices (for example, as a result of eco-taxes) could substantially decrease the economic welfare of countries and destinations. In this article, the interplay of environmental damage and economic gains is thus analysed within the context of tourism. Carbon dioxide-equivalent emissions are assessed in relation to the revenues generated, allowing for conclusions about the eco-efficiency of tourism.