IDEAS home Printed from https://ideas.repec.org/a/bas/econst/y2019i4p158-187.html
   My bibliography  Save this article

Value Assessment of Natural Mineral Springs Water Used in Spa Facilities

Author

Listed:
  • Elenita Velikova
  • Ivo Anev

Abstract

Defining the value of mineral water when using it in spa facilities includes two components: on one hand is the meaning that mineral water has for guests when they are using spa procedures and on the other the resources which are being saved from not heating regular water. The subject of this study is to show the results of the development of a mathematical model created to evaluate the cost of using natural warm and hot mineral water springs compared to artificial warming of water in spa facilities. The research objective is mineral water as main asset source for spa users and economic source for spa facilities. An interesting topic is the level of influence of the water component for the choice of the consumers. The contemporary consumers of spa services change their requirements for the spa facilities and the availability of mineral water is additional advantage for them. Mineral water springs provide a natural resource that can improve the quality of life of many people. Spa tourism is one of the effective ways to use those springs, and it has the potential to become a key element of our vacation planning, choice of tourist destination and lifestyle. The main purpose of the study is to present a model for determining the value of the mineral waters, thus quantifying the potential benefits of using them in the spa facilities, which is the seeked and desired characteristic of spa services from tourists, and showing losses caused by the waste of such waters. Explaining the nature and significance of the mineral water springs gives the base on which we can say that besides a natural resource that can have beneficial properties for human health, the springs can be a valuable source of savings that can be achieved by using their thermal potential.

Suggested Citation

  • Elenita Velikova & Ivo Anev, 2019. "Value Assessment of Natural Mineral Springs Water Used in Spa Facilities," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 158-187.
  • Handle: RePEc:bas:econst:y:2019:i:4:p:158-187
    as

    Download full text from publisher

    File URL: https://www.ceeol.com/search/article-detail?id=811128
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Daniel Yordanov, 2012. "Role Of Transport For The Development Of Tourism In Bulgaria," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 8(4), pages 51-57.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Elenita Velikova & Stela Dimitrova, 2021. "Sustainable Development Model for Mountain Tourist Territories in Bulgaria after the Crisis Period," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 221-242.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Elenita Velikova & Stela Dimitrova, 2019. "Good Practices In The Night Tourism – Case Studies From Bulgaria," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 16(2), pages 189-199.
    2. Tamás Kozák, 2018. "Risk Responsiveness Based Organizational Change Management," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 4, May - Aug.

    More about this item

    JEL classification:

    • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development
    • Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bas:econst:y:2019:i:4:p:158-187. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Diana Dimitrova (email available below). General contact details of provider: https://edirc.repec.org/data/ikbasbg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.