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The Economic Impact of Yacht Charter Tourism on the Balearic Economy

Author

Listed:
  • Antonio Alcover
  • Marga Alemany
  • Marta Jacob
  • Margarita Payeras
  • Antonia García
  • Lorena Martínez-Ribes

Abstract

This paper evaluates the impact of yacht charter tourism on the economy of the Balearic Islands, one of the most popular yachting tourism destinations in the Mediterranean. Empirical evidence, from a sample of yacht charter tourists and a database on charter firms in the Balearics provided by the National Charter Federation, gives information on daily tourist expenditure, the number of charter tourists and firms' turnover and employment. More than 100,000 tourists come annually to the Balearics to charter yachts. Average daily expenditure per tourist, including charter cost and other spending on hotel accommodation, bars and restaurants, shopping and other items, is €170; however, average daily expenditure varies depending on the typology of boat rented. When tourist spending in the country of origin is included, average daily expenditure rises to €203.90. Daily expenditure is higher than that of a traditional tourist (€105.20) and similar to that of a golf tourist (€211). Finally, yacht charter activity in the Balearics contributes to the generation of around 866 jobs in the archipelago.

Suggested Citation

  • Antonio Alcover & Marga Alemany & Marta Jacob & Margarita Payeras & Antonia García & Lorena Martínez-Ribes, 2011. "The Economic Impact of Yacht Charter Tourism on the Balearic Economy," Tourism Economics, , vol. 17(3), pages 625-638, June.
    • Handle: RePEc:sae:toueco:v:17:y:2011:i:3:p:625-638
    DOI: 10.5367/te.2011.0045
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    References listed on IDEAS

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    1. Konstantinos Andriotis, 2005. "Seasonality in Crete: Problem or a Way of Life?," Tourism Economics, , vol. 11(2), pages 207-224, June.
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    Cited by:

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    4. Dae-Kwan Kim & Hak-Jun Kim & Sang-Min Lee & Yeongbae Choe & Soo-Yeop Song, 2015. "An Estimation of the Contribution of the International Meeting Industry to the Korean National Economy Based on Input—Output Analysis," Tourism Economics, , vol. 21(3), pages 649-667, June.
    5. Yunhao Yao & Ruoquan Zheng & Merle Parmak, 2021. "Examining the Constraints on Yachting Tourism Development in China: A Qualitative Study of Stakeholder Perceptions," Sustainability, MDPI, vol. 13(23), pages 1-18, November.
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    7. Antonio García-Sánchez & Ester Fernández-Rubio & M. Dolores Collado, 2013. "Daily Expenses of Foreign Tourists, Length of Stay and Activities: Evidence from Spain," Tourism Economics, , vol. 19(3), pages 613-630, June.
    8. Aleksandra Lapko & Ewa Hacia & Lovorko Lucic, 2021. "Nautical Tourism in Croatia and the COVID-19 Pandemic," European Research Studies Journal, European Research Studies Journal, vol. 0(2B), pages 308-319.
    9. 'Phil' Klaus, Philipp & Tarquini-Poli, Annalisa & Ahmed Mostafa Alawad, Nawal, 2022. "Lifestyle of the rich and famous: Exploring the ultra-high net-worth individuals’ customer experience (UHCX)," Journal of Business Research, Elsevier, vol. 147(C), pages 49-58.

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