IDEAS home Printed from https://ideas.repec.org/a/sae/toueco/v25y2019i5p695-710.html
   My bibliography  Save this article

Design, architecture and the value to tourism

Author

Listed:
  • Moira Scerri

    (University of Technology Sydney, Australia)

  • Deborah Edwards

    (University of Technology Sydney, Australia)

  • Carmel Foley

    (University of Technology Sydney, Australia)

Abstract

Architecture has been recognized for its supporting role in the enhancement of the physical assets of destinations, which play a leading role in drawing tourists who identify and associate destinations with these architectural landmarks. While generating tourist expenditure is not the aim of most architects, many are increasingly aware that articulated and functional buildings become visitor attractions in their own right – an externality that requires valuing. However, the value assigned to iconic architecture is often restricted to the bricks and mortar construction, and the broader contributions a building can deliver to its stakeholders are largely ignored. This article explores the capacity for architecture to attract tourists and effect direct tourism spend through the examination of five cases, each of which has attempted to estimate their economic value to tourism. This article proposes a model for estimating the future value of iconic buildings and tests its application to the University of Technology Sydney, Gehry-designed, Dr Chau Chak Wing building. The implications of the framework and future research are discussed.

Suggested Citation

  • Moira Scerri & Deborah Edwards & Carmel Foley, 2019. "Design, architecture and the value to tourism," Tourism Economics, , vol. 25(5), pages 695-710, August.
    • Handle: RePEc:sae:toueco:v:25:y:2019:i:5:p:695-710
    DOI: 10.1177/1354816618802107
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/1354816618802107
    Download Restriction: no
    File URL: https://libkey.io/10.1177/1354816618802107?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. Joshua Guetzkow, 2002. "How the Arts Impact Communities: An introduction to the literature on arts impact studies," Working Papers 44, Princeton University, Woodrow Wilson School of Public and International Affairs, Center for Arts and Cultural Policy Studies..
    2. Alchian, Armen A & Demsetz, Harold, 1972. "Production , Information Costs, and Economic Organization," American Economic Review, American Economic Association, vol. 62(5), pages 777-795, December.
    3. Birger Wernerfelt, 1984. "A resource‐based view of the firm," Strategic Management Journal, Wiley Blackwell, vol. 5(2), pages 171-180, April.
    4. Raymond J.G.M. Florax & Peter Nijkamp & Kenneth G. Willis (ed.), 2002. "Comparative Environmental Economic Assessment," Books, Edward Elgar Publishing, number 1945.
    5. Joshua Guetzkow, 2002. "How the Arts Impact Communities: An introduction to the literature on arts impact studies," Working Papers 44, Princeton University, School of Public and International Affairs, Center for Arts and Cultural Policy Studies..
    6. Downing, Mark & Ozuna, Teofilo Jr., 1996. "Testing the Reliability of the Benefit Function Transfer Approach," Journal of Environmental Economics and Management, Elsevier, vol. 30(3), pages 316-322, May.
    7. V. Kerry Smith & George Van Houtven & Subhrendu K. Pattanayak, 2002. "Benefit Transfer via Preference Calibration: "Prudential Algebra" for Policy," Land Economics, University of Wisconsin Press, vol. 78(1), pages 132-152.
    8. repec:pri:cpanda:wp20%20-%20guetzkow is not listed on IDEAS
    9. Plaza, Beatriz, 2007. "The Bilbao effect (Guggenheim Museum Bilbao)," MPRA Paper 12681, University Library of Munich, Germany, revised 01 Sep 2007.
    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. Genty, Aurélien, 2005. "Du concept à la fiabilité de la méthode du transfert en économie de l’environnement : un état de l’art," Cahiers d'Economie et de Sociologie Rurales (CESR), Institut National de la Recherche Agronomique (INRA), vol. 77.
    2. Rolfe, John & Windle, Jill & Bennett, Jeffrey W. & Mazur, Kasia, 2013. "Calibration of values in benefit transfer to account for variations in geographic scale and scope: Comparing two choice modelling experiments," 2013 Conference (57th), February 5-8, 2013, Sydney, Australia 152176, Australian Agricultural and Resource Economics Society.
    3. Rosenberger, Randall S. & Stanley, Tom D., 2006. "Measurement, generalization, and publication: Sources of error in benefit transfers and their management," Ecological Economics, Elsevier, vol. 60(2), pages 372-378, December.
    4. Bergstrom, John C. & Taylor, Laura O., 2006. "Using meta-analysis for benefits transfer: Theory and practice," Ecological Economics, Elsevier, vol. 60(2), pages 351-360, December.
    5. Chris Dumas & Pete Schuhmann & John C. Whitehead, 2004. "Measuring the Economic Benefits of Water Quality Improvement with the Benefit Transfer Method: An Introduction for Non-Economists," Working Papers 04-12, Department of Economics, Appalachian State University.
    6. Brander, Luke M. & Ghermandi, Andrea & Kuik, Onno & Markandya, Anil & Nunes, Paulo A.L.D. & Schaafsma, Marije & Wagtendonk, Alfred, 2010. "Scaling up Ecosystem Services Values: Methodology, Applicability and a Case Study," Sustainable Development Papers 60689, Fondazione Eni Enrico Mattei (FEEM).
    7. Richard J. Arend, 2021. "The Nefarious Hierarchy: An Alternative New Theory of the Firm," Administrative Sciences, MDPI, vol. 11(1), pages 1-18, February.
    8. Vecvagars, Kaspars, 2006. "Valuing damage and losses in cultural assets after a disaster: concept paper and research options," Estudios y Perspectivas – Sede Subregional de la CEPAL en México 4979, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    9. McArthur, David Philip & Kleppe, Gisle & Thorsen, Inge & Ubøe, Jan, 2011. "The spatial transferability of parameters in a gravity model of commuting flows," Journal of Transport Geography, Elsevier, vol. 19(4), pages 596-605.
    10. Jeong, Hyojin & Haab, Timothy C., 2004. "The Economic Value Of Marine Recreational Fishing: Applying Benefit Transfer To Marine Recreational Fisheries Statistics Survey (Mrfss)," Working Papers 28322, Ohio State University, Department of Agricultural, Environmental and Development Economics.
    11. Donghwy An & Bo‐ram Jeong & Nara Youn, 2022. "Effects of art consumption on consumer well‐being," Journal of Consumer Affairs, Wiley Blackwell, vol. 56(2), pages 685-702, June.
    12. Gueler, Melike Sarah & Schneider, Sabrina, 2021. "The resource-based view in business ecosystems: A perspective on the determinants of a valuable resource and capability," Journal of Business Research, Elsevier, vol. 133(C), pages 158-169.
    13. McDonald, Robert E. & Masselli, John J. & Chanda, Bob, 2021. "Nonprofit business model innovation as a response to existential environmental threats: Performing arts in the United States," Journal of Business Research, Elsevier, vol. 125(C), pages 750-761.
    14. Amanda Haarman & Marcus M. Larsen & Rebecca Namatovu, 2022. "Understanding the Firm in the Informal Economy: A Research Agenda," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 34(6), pages 3005-3025, December.
    15. Stellin, Giuseppe & Candido, Alice, 2006. "The Transfer of Benefit Measures: The Applicability Conditions and the Results," Conference Papers 6627, University of Minnesota, Center for International Food and Agricultural Policy.
    16. Kaul, Sapna & Boyle, Kevin J. & Kuminoff, Nicolai V. & Parmeter, Christopher F. & Pope, Jaren C., 2013. "What can we learn from benefit transfer errors? Evidence from 20 years of research on convergent validity," Journal of Environmental Economics and Management, Elsevier, vol. 66(1), pages 90-104.
    17. Crane, Bret & Hartwell, Christopher J., 2019. "Global talent management: A life cycle view of the interaction between human and social capital," Journal of World Business, Elsevier, vol. 54(2), pages 82-92.
    18. Moeltner, Klaus & Boyle, Kevin J. & Paterson, Robert W., 2007. "Meta-analysis and benefit transfer for resource valuation-addressing classical challenges with Bayesian modeling," Journal of Environmental Economics and Management, Elsevier, vol. 53(2), pages 250-269, March.
    19. Hsin-Chang Tsai & Ruo-Lan Liu, 2020. "Action Study of Community-Based Aesthetic Education Course Design and Practice for Senior Citizens," Systemic Practice and Action Research, Springer, vol. 33(2), pages 137-147, April.
    20. A. E. Asante & K. Opoku-Bonsu & A. K. Ebehiakeh, 2020. "Corporate Aesthetics and Communication in the Urban Arts and Visual Culture of Kumasi," Studies in Media and Communication, Redfame publishing, vol. 8(2), pages 21-33, December.

    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:25:y:2019:i:5:p:695-710. 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.