nep-tur New Economics Papers
on Tourism Economics
Issue of 2013‒07‒28
two papers chosen by
Laura Vici
Universita' di Bologna

  1. Estimating the Value of Travel Time to Recreational Sites Using Revealed Preferences By Carlo Fezzi; Ian J. Bateman
  2. Impact of quality and environmental investment on business competitiveness and profitability: The case of travel agencies By Llorenç Bagur; Jordi Perramon; Oriol Amat

  1. By: Carlo Fezzi (CSERGE, School of Environmental Sciences, University of East Anglia); Ian J. Bateman (CSERGE, School of Environmental Sciences, University of East Anglia)
    Abstract: The opportunity Value of Travel Time (VTT) is one of the most important parts of the total cost of day-long recreational activities and arguably the most difficult to estimate. While numerous studies have criticized the use of salaries to proxy the relevant shadow values, a consensus on an alternative measure still has to emerge. This paper uses a revealed preference approach to estimate the VTT for recreational trips by modeling individuals' preferences for toll roads and deriving their willingness-to-pay to reduce travel time. Our case-study sites are three beaches located in the Italian Riviera Romagnola, whose road network is a mix of toll and free access roads. By carrying-out face-to-face interviews, we reconstruct respondents' routes, indentify their time-cost trade-offs and ultimately estimate their VTT. Results show considerable heterogeneity in values with the VTT for day-long recreational visits being significantly higher than the one of longer holidays.
    Keywords: Value of Time, Value of Travel Time Savings, Recreation Demand Models, Revealed Preferences, Willingness to Pay Space
    JEL: Q50
    Date: 2013–06
  2. By: Llorenç Bagur; Jordi Perramon; Oriol Amat
    Abstract: Few studies have examined the combined effect of implementing quality and environmental management within the service sector. This void is more evident if we focus on segments in which small businesses predominate and even more so if we look for highly competitive sectors that are very variable and that have high business mortality. After analysing 198 surveys of Spanish travel agency managers using structural equations, it can be concluded that practices of quality management have a significant direct impact on business competitiveness but not on this business's financial results, at least directly. However, there is a significant relationship between environmental management practices and economic benefits. This article suggests that commitment to quality and the environment can allow small businesses in the service sector to have a competitive advantage that will separate surviving and ceased operations, particularly in sectors that are rapidly evolving and highly competitive.
    Keywords: Quality management, Environmental management, Firm performance and Travel agencies.
    Date: 2013–07

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