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on Tourism Economics |
| By: | Andrea Ghermandi (Department of Economics, Ca’ Foscari University of Venice); Paulo A.L.D. Nunes (Marine Economics Research Programme, The Mediterranean Science Commission – CIESM, Principauté de Monaco, and Department of Agriculture and Natural Resources Economics – TESAF, University of Padova) |
| Abstract: | The welfare dimension of the recreational services provided by global coastal ecosystems is examined through a meta-analytical regression-based valuation approach. First, we construct a global, state-of-the-art database of stated and revealed preference estimates on coastal recreation, which includes also the grey literature and with the latest entry updated to February 2010. Second, the profile of each of the 253 observations of our dataset, which correspond to individual value estimates, was further enriched with characteristics of the built coastal environment (site accessibility, anthropogenic pressure, level of human development), characteristics of the natural coastal environment (presence of protected area, type of ecosystem, and marine biodiversity richness), geo-climatic factors (temperature and precipitation), as well as sociopolitical characteristics, such as the political stability index. In this context, the proposed meta-analytical valuation exercise explores the spatially explicit dimension of the values building upon Geographic Information System (GIS) tools. GIS are relied upon for the spatial characterization of the valued ecosystems, the determination of the role of spatially explicit variables in the meta analytical value transfer model, as well as for the value transfer exercise. The GIS characterization is observed to be extremely significant in explaining the spatial diversity of the estimates values and underlying explanatory factors. The resulting integrated valuation framework constitutes a worldwide première and it results in the first global map of the recreational value of coastal ecosystems. We argue that the presented global map may play an important role in studying the prioritization for the conservation of coastal areas from a social perspective. |
| Keywords: | Built Coastal Environment, Natural Coastal Environment, Ecosystem Service Valuation, Geographic Information Systems, Mapping Ecosystem Values, Marine Biodiversity, Scaling up, Spatial Analysis, Spatial Economic Valuation, Value Transfer |
| JEL: | C53 Q26 Q57 R12 |
| Date: | 2011–05 |
| URL: | http://d.repec.org/n?u=RePEc:fem:femwpa:2011.39&r=tur |
| By: | R.Rajinikanth; Prof. Dr. C. Samudhra Rajakumar; Dr. C. Ramesh Kumar (Annamalai University, India) |
| Abstract: | The unpredictable and dynamic changes experienced by the corporate world have transformed the business environment. Now the key for remaining successful is in retaining customers rather than in acquiring customers. Customer satisfaction is considered the essence of success in today's highly competitive world of business, and it has become the corporate goal as more and more companies strive for quality in their product. The purpose of this article is to examine the influence of ‘length of stay’of a guest in a hotel, on satisfaction, revisit intention and making favorable referrals. This paper considers the reaction of ‘international travelers’ who have boarded their flight from Chennai, India. Outcome of this research indicates that one of the critical challenges faced by the hoteliers is to create opportunities to their guests to experience (all) the facilities available in the hotel, especially for those who stay for a shorter period. Results shows that length of stay positively influences the satisfaction level but not revisit attitude and positive referrals. However satisfied guests tends to revisit the same hotel in future and likely to refer to their friends and relatives.’ Satisfaction is the nucleus and everything revolves around it and duration of stay is one of the major determinants of hotel factors which is a major predictor of satisfaction |
| Keywords: | Hotel industry, Guest satisfaction, Length of stay, purpose of visit, revisit, recommendation |
| JEL: | M0 |
| Date: | 2011–03 |
| URL: | http://d.repec.org/n?u=RePEc:cms:2icb11:2011-139&r=tur |
| By: | Adrián Rodriguez Miranda (Universidad de la República (Uruguay). Facultad de Ciencias Económicas y de Administración. Instituto de Economía) |
| Abstract: | Within a conceptual frame of territorial endogenous development, it shows an explanation of the economic development in the North-East of Uruguay. In order to analyze the economic activities in the territory three important dimensions are pointed out: innovative and competitive dynamics; the economic relations within sectors and enterprises in the local economy; and the rural-urban relationships. About 80 interviews to local actors were made, and other available data and surveys were processed. The results show that the rural-urban relationships are the key to understand the economy in this region. Nevertheless, the local economy presents a fragmented development: a majority of low competitiveness sectors with scarce aptitude to generate economic local interrelationships, and some competitive sectors but that work disconnected of the rest of the local economy. Finally, the way for a possible transformation is discussed for this region, as well as some conditions that must accompany this process. |
| Keywords: | territorial economic development, North-East of Uruguay, productive organization, innovation, rural-urban relationships. |
| JEL: | O18 R11 R58 |
| Date: | 2010–11 |
| URL: | http://d.repec.org/n?u=RePEc:ulr:wpaper:dt-03-10&r=tur |