| Abstract: |
The purpose of this paper is exactly to approximate the tourism economic
impact of the UEFA Euro 2004 in Portugal. The survey concentrates on the
immediate, direct and short-term additional revenue brought into one region by
the foreign sport event spectators. One innovating aspect of this paper is the
direct data collection on the foreign visitors spending, contouring simulation
and forecast problems. Results show an immediate short-term return investment
costs generated an immediate and short-term revenue of less than one tenth of
the investment costs and overall revenue leakage (or income export) of nearly
325% (50,142 million Euro) of the revenue within the defined regional spatial
circuit. |