nep-tur New Economics Papers
on Tourism Economics
Issue of 2017‒05‒14
three papers chosen by
Laura Vici
Università di Bologna

  1. Using Willingness to Travel to Estimate the Monetary Value of Intangible Benefits Derived from Active Sport Event Tourism By John C. Whitehead; Pamela Wicker
  2. Spatial-economic impacts of tourism on regional development: challenges for Europe By João Romão; Peter Nijkamp
  3. Modelling the inbound tourism demand in Sri Lanka By Anushiya Sireeranhan; Jeyapiratheepa Antonarulrajah; EA Selva Selvanathan; Saroja Selvanathan

  1. By: John C. Whitehead; Pamela Wicker
    Abstract: This study examines the monetary value of intangible benefits to participants of an active sport tourism event. Willingness to travel greater distances for future events is assessed and converted into willingness to pay estimates using travel costs. Using survey data from the 2014 and 2015 Blood Sweat Gears bike race, the intended visitation models show that changes in travel cost have a significant negative effect. Willingness to pay to revisit the event was between 10% and 30% of the registration fee. The likelihood of return visit decreases as travel costs increase, indicating that the willingness to pay estimates can be considered internally valid. The willingness to pay estimates stemming from two years of data collection are stable, suggesting that they are also temporally reliable. This study demonstrated the feasibility of using stated preference intention to revisit questions to assign a monetary value to intangible benefits of active sport tourists. Key Words: active sport tourism; cycling; intention to revisit; monetary valuation; non-market good; temporal reliability; willingness to pay
    Date: 2017
  2. By: João Romão (University of Algarve and CEFAGE, Portugal); Peter Nijkamp (Tinbergen Institute, the Netherlands)
    Abstract: Despite the increasing socio-economic importance of tourism, in particular in the European context, a set of recent studies involving a large number of European regions has led to the identification of important problems related to the sustainable use of natural resources, innovation dynamics and specialization patterns, impacts of tourism on regional economic growth, and the relations between tourism performance and regional sustainable development in Europe. Taking these questions as a starting point, the purpose of this review article is to propose a conceptual framework for their analysis, including concepts like authenticity, place, smart tourism, co-creation of destinations and experiences, information segmentation, differentiation of supply, life cycle of tourism destinations, path dependence, customer variety, specialization or integrative diversification of tourism products. Finally, this analytical framework is used in order to identify and discuss a set of challenges for the future of tourism in European regions, with a view to policy and managerial implications, oriented to the integration of tourism policies within a broader context of socio-economic development, with implications on the definition and implementation of innovation and regional development policies, including smart specialization strategies. These challenges relate to the touristic experience (memorable, personalized and authentic), innovation (in the context of a diverse economy) and participatory governance (communities sharing spaces and places).
    Keywords: Territorial capital; Innovation; Related variety; Sustainability; Regional development.
    JEL: Q56 R11 Z32
    Date: 2017
  3. By: Anushiya Sireeranhan; Jeyapiratheepa Antonarulrajah; EA Selva Selvanathan; Saroja Selvanathan
    Keywords: Tourism, Demand Analysis
    JEL: D11
    Date: 2017–05

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