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Stakeholder differences in economic benefits of heritage tourism development

Author

Listed:
  • Chi-Ok Oh

    (Chonnam National University, Republic of Korea)

  • Hyounggon Kim

    (Sejong University, Republic of Korea)

Abstract

From a perspective of the tourism production system, two basic stakeholders can be identified in terms of demand and supply. Understanding the gap between these two groups is important for securing the long-term success of development. The purpose of this study is to estimate the economic values of heritage tourism resources and compare whether there is a significant difference in the economic values between these two groups. Using the contingent valuation method, study results showed that service providers assess the economic values of heritage tourism resources significantly higher than consumers. This article suggests the concept of power as an important theoretical linkage that explains the difference between the groups.

Suggested Citation

  • Chi-Ok Oh & Hyounggon Kim, 2016. "Stakeholder differences in economic benefits of heritage tourism development," Tourism Economics, , vol. 22(3), pages 665-670, June.
    • Handle: RePEc:sae:toueco:v:22:y:2016:i:3:p:665-670
    DOI: 10.5367/te.2015.0462
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    References listed on IDEAS

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    1. Mazzanti, Massimiliano, 2003. "Valuing cultural heritage in a multi-attribute framework microeconomic perspectives and policy implications," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 32(5), pages 549-569, November.
    2. Luis César Herrero & José ángel Sanz & María Devesa, 2011. "Measuring the Economic Value and Social Viability of a Cultural Festival as a Tourism Prototype," Tourism Economics, , vol. 17(3), pages 639-653, June.
    3. See, Kelly E. & Morrison, Elizabeth W. & Rothman, Naomi B. & Soll, Jack B., 2011. "The detrimental effects of power on confidence, advice taking, and accuracy," Organizational Behavior and Human Decision Processes, Elsevier, vol. 116(2), pages 272-285.
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