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Termal/Mineral Springs Industry: Need For Transformation In Function Of Tourism

Author

Listed:
  • Milenkovski, Ace

    (University of Tourism and Management in Skopje, Macedonia)

  • Gjorgievski, Mijalce

    (University of Tourism and Management in Skopje, Macedonia)

  • Nakovski, Dejan

    (University of Tourism and Management in Skopje, Macedonia)

Abstract

Wellness tourism has now grown into a serious form of tourist movement and is an important part of the tourism industry with significant economic impact. Within the framework of wellness tourism it covers more sectors, among which are: Spa, Wellness Tourism, Thermal/Mineral Springs, Workplace Wellness, and Wellness Lifestyle Real Estate. The wellness economy now represents more than 5% of global economic output and is almost half the size of all global health expenditures, which reached $7.6 trillion in 2014. In 2015, there were 121,595 spas operating around the world, earning $77.6 billion in revenues, leader in total spa revenues is Europe, the number of spas has continued to increase and their revenue growth has been strong in local currency. The aim of the authors in the paper is to present the situation with the Thermal/Mineral Springs Industry in the Republic of Macedonia. Due to these statistical data, the authors are on the opinion that it is necessary to transform the Thermal/Mineral Springs Industry in the function of health tourism, which is also the subject of the research in this paper.

Suggested Citation

  • Milenkovski, Ace & Gjorgievski, Mijalce & Nakovski, Dejan, 2018. "Termal/Mineral Springs Industry: Need For Transformation In Function Of Tourism," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 9(2), pages 181-187.
    • Handle: RePEc:ris:utmsje:0248
    as

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    References listed on IDEAS

    as
    1. Page, Stephen J. & Hartwell, Heather & Johns, Nick & Fyall, Alan & Ladkin, Adele & Hemingway, Ann, 2017. "Case study: Wellness, tourism and small business development in a UK coastal resort: Public engagement in practice," Tourism Management, Elsevier, vol. 60(C), pages 466-477.
    2. Kay Smith, Melanie & Diekmann, Anya, 2017. "Tourism and wellbeing," Annals of Tourism Research, Elsevier, vol. 66(C), pages 1-13.
    3. Jarvis, Diane & Stoeckl, Natalie & Liu, Hong-Bo, 2016. "The impact of economic, social and environmental factors on trip satisfaction and the likelihood of visitors returning," Tourism Management, Elsevier, vol. 52(C), pages 1-18.
    4. Pyke, Sarah & Hartwell, Heather & Blake, Adam & Hemingway, Ann, 2016. "Exploring well-being as a tourism product resource," Tourism Management, Elsevier, vol. 55(C), pages 94-105.
    5. Zhang, Linjia & Botti, Laurent & Petit, Sylvain, 2016. "Destination performance: Introducing the utility function in the mean-variance space," Tourism Management, Elsevier, vol. 52(C), pages 123-132.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    wellness; development; policy; tourist demand;
    All these keywords.

    JEL classification:

    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development

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