IDEAS home Printed from https://ideas.repec.org/a/sae/toueco/v23y2017i6p1255-1274.html
   My bibliography  Save this article

Economic impact of a religious and tourist event

Author

Listed:
  • Víctor Lafuente Sánchez

    (Universidad de Valladolid, Spain)

  • María Devesa Fernández

    (Universidad de Valladolid, Spain)

  • José à ngel Sanz Lara

    (Universidad de Valladolid, Spain)

Abstract

Holy Week is one of the most important traditional celebrations in many parts of the world. It has a deep-rooted cultural and social tradition, yet also embraces a tourist dimension, which ultimately impacts on the economy of the places where it is held. The present work seeks to explore the impact of Holy Week on the city of Palencia (Spain). To do this, an economic impact study based on a description and evaluation of three types of effect, direct, indirect and induced, is carried out. Results show that this event generated a total of €2.258 million, of which 82% remained in the economy of the city itself, with the hotel and restaurant sectors benefitting the most. This traditional celebration thus contributes to creating revenue and employment, to maintaining traditional industries, to preserving cultural heritage and to enhancing the area’s image and projection.

Suggested Citation

  • Víctor Lafuente Sánchez & María Devesa Fernández & José à ngel Sanz Lara, 2017. "Economic impact of a religious and tourist event," Tourism Economics, , vol. 23(6), pages 1255-1274, September.
    • Handle: RePEc:sae:toueco:v:23:y:2017:i:6:p:1255-1274
    DOI: 10.1177/1354816616675996
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/1354816616675996
    Download Restriction: no
    File URL: https://libkey.io/10.1177/1354816616675996?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Aikaterini Manthiou & Seonjeong Lee & Liang ( Rebecca) Tang & Lanlung Chiang, 2014. "The experience economy approach to festival marketing: Vivid memory and attendee loyalty," Post-Print hal-00948680, HAL.
    2. Robert Baade & Victor Matheson, 2004. "The Quest for the Cup: Assessing the Economic Impact of the World Cup," Regional Studies, Taylor & Francis Journals, vol. 38(4), pages 343-354.
    3. Paresh Kumar Narayan, 2004. "Economic Impact of Tourism on Fiji's Economy: Empirical Evidence from the Computable General Equilibrium Model," Tourism Economics, , vol. 10(4), pages 419-433, December.
    4. Siegfried, John J. & Sanderson, Allen R. & McHenry, Peter, 2007. "The economic impact of colleges and universities," Economics of Education Review, Elsevier, vol. 26(5), pages 546-558, October.
    5. Jeanette D. Snowball, 2008. "Measuring the Value of Culture," Springer Books, Springer, number 978-3-540-74360-6, October.
    6. Andersson, Tommy D. & Lundberg, Erik, 2013. "Commensurability and sustainability: Triple impact assessments of a tourism event," Tourism Management, Elsevier, vol. 37(C), pages 99-109.
    7. Haiyan Huang & Luke Lunhua Mao & Suk-Kyu Kim & James J. Zhang, 2014. "Assessing the Economic Impact of Three Major Sport Events in China: The Perspective of aTtendees," Tourism Economics, , vol. 20(6), pages 1277-1296, December.
    8. José Sanz & Luis Herrero & Ana Bedate, 2003. "Contingent Valuation and Semiparametric Methods: A Case Study of the National Museum of Sculpture in Valladolid, Spain," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 27(3), pages 241-257, November.
    9. Ricardo Gazel & R. Schwer, 1997. "Beyond Rock and Roll: The Economic Impact of the Grateful Dead on a Local Economy," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 21(1), pages 41-55, March.
    10. Melville Saayman & Andrea Saayman, 2006. "Does the location of arts festivals matter for the economic impact?," Papers in Regional Science, Wiley Blackwell, vol. 85(4), pages 569-584, November.
    11. Ståle Navrud & Richard C. Ready (ed.), 2002. "Valuing Cultural Heritage," Books, Edward Elgar Publishing, number 1759.
    12. Martin, Fernand, 1998. "The economic impact of Canadian university R&D," Research Policy, Elsevier, vol. 27(7), pages 677-687, November.
    13. Cecilia Chirieleison & Alessandro Montrone & Luca Scrucca, 2013. "Measuring the Impact of a Profit-Oriented Event on Tourism: The Eurochocolate Festival in Perugia, Italy," Tourism Economics, , vol. 19(6), pages 1411-1428, December.
    Full references (including those not matched with items on IDEAS)

    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. Armbrecht, John, 2014. "Use value of cultural experiences: A comparison of contingent valuation and travel cost," Tourism Management, Elsevier, vol. 42(C), pages 141-148.
    2. Ana Bedate & Luis Herrero & José Sanz, 2009. "Economic valuation of a contemporary art museum: correction of hypothetical bias using a certainty question," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 33(3), pages 185-199, August.
    3. Tiziana Cuccia, 2011. "Contingent Valuation," Chapters, in: Ruth Towse (ed.), A Handbook of Cultural Economics, Second Edition, chapter 13, Edward Elgar Publishing.
    4. Maria Llop & Josep-Maria Arauzo-Carod, 2012. "Economic impact of a new museum on the local economy: “the Gaudí Centre”," Letters in Spatial and Resource Sciences, Springer, vol. 5(1), pages 17-23, March.
    5. Gulijiazi Yeerkenbieke & Chunci Chen & Guizhen He, 2021. "Public Perceived Effects of 2022 Winter Olympics on Host City Sustainability," Sustainability, MDPI, vol. 13(7), pages 1-20, March.
    6. Gabe, Todd & Lisac, Nicholas, 2013. "Local Economic Impacts of Popular Music Concerts," MPRA Paper 65911, University Library of Munich, Germany.
    7. Jorge M. Andraz & Nélia M. Norte & Hugo S. Gonçalves, 2016. "Do tourism spillovers matter in regional economic analysis? An application to Portugal," Tourism Economics, , vol. 22(5), pages 939-963, October.
    8. Martin Thomas Falk & Markku Vieru, 2021. "Short-term hotel room price effects of sporting events," Tourism Economics, , vol. 27(3), pages 569-588, May.
    9. Carlos Jurado-Rivas & Marcelino Sánchez-Rivero, 2019. "Willingness to Pay for More Sustainable Tourism Destinations in World Heritage Cities: The Case of Caceres, Spain," Sustainability, MDPI, vol. 11(21), pages 1-21, October.
    10. Gabriel Ahlfeldt & Kristoffer Möller & Sevrin Waights & Nicolai Wendland, 2012. "On prisoner's dilemmas and gilded cages: The economics of heritage preservation," ERSA conference papers ersa12p783, European Regional Science Association.
    11. Balazs Kotosz, 2016. "University impact evaluation: Counterfactual methods," ERSA conference papers ersa16p735, European Regional Science Association.
    12. Thomas De Graaff & Jaap Boter & Jan Rouwendal, 2006. "Do Dutch Musea Compete Or Cooperate?," ERSA conference papers ersa06p387, European Regional Science Association.
    13. Mirko Moro & Karen Mayor & Seán Lyons & Richard S J Tol, 2013. "Does the Housing Market Reflect Cultural Heritage? A Case Study of Greater Dublin," Environment and Planning A, , vol. 45(12), pages 2884-2903, December.
    14. Tuan, Hun Tran & Navrud,Stale, 2012. "Capturing the Benefits of Preserving World Heritage Cultural Heritage Sites," EBLA Working Papers 201202, University of Turin.
    15. Andrea Báez-Montenegro & Ana Bedate Centeno & José à ngel Sanz Lara & Luis Cesar Herrero Prieto, 2016. "Contingent valuation and motivation analysis of tourist routes," Tourism Economics, , vol. 22(3), pages 558-571, June.
    16. 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.
    17. Wiśniewska Aleksandra, 2019. "Quality attributes in the non-market stated-preference based valuation of cultural goods," Central European Economic Journal, Sciendo, vol. 6(53), pages 132-150, January.
    18. Faroek Lazrak & Peter Nijkamp & Piet Rietveld & Jan Rouwendal, 2014. "The market value of cultural heritage in urban areas: an application of spatial hedonic pricing," Journal of Geographical Systems, Springer, vol. 16(1), pages 89-114, January.
    19. Eva Vicente & Pablo de Frutos, 2011. "Application of the travel cost method to estimate the economic value of cultural goods: Blockbuster art exhibitions," Hacienda Pública Española / Review of Public Economics, IEF, vol. 196(1), pages 37-63, january.
    20. Thomas de Graaff & Jaap Boter & Jan Rouwendal, 2009. "On Spatial Differences in the Attractiveness of Dutch Museums," Environment and Planning A, , vol. 41(11), pages 2778-2797, November.

    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:sae:toueco:v:23:y:2017:i:6:p:1255-1274. 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: SAGE Publications (email available below). General contact details of provider: .

    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.