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Snow tourism and economic sustainability: the financial situation of ski resorts in Spain

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Listed:
  • Jordi Moreno-Gené
  • Natalia Daries
  • Eduard Cristóbal-Fransi
  • Laura Sánchez-Pulido

Abstract

The aim of this article is to analyse the profitability of ski resorts in Spain and identify its associated determining factors in order to verify whether these are economically sustainable taking into account the internal and external aspects affecting them. To this end, the article first addresses the importance of snow tourism in Spain, before going on to analyse the influence that climate change is having on this type of tourism. A series of economic and structural ratios are then applied to the financial statements of ski resorts in Spain with the aim of establishing a base diagnosis for their situation. Finally, a regression model is estimated, the results of which reveal the more profitable ski resorts at the economic level to be those with the largest stations, a direct relationship being observed between profitability and size. The results also confirm the negative consequences of high indebtedness and the non-significant effects of using snowmaking systems.

Suggested Citation

  • Jordi Moreno-Gené & Natalia Daries & Eduard Cristóbal-Fransi & Laura Sánchez-Pulido, 2020. "Snow tourism and economic sustainability: the financial situation of ski resorts in Spain," Applied Economics, Taylor & Francis Journals, vol. 52(52), pages 5726-5744, November.
    • Handle: RePEc:taf:applec:v:52:y:2020:i:52:p:5726-5744
    DOI: 10.1080/00036846.2020.1770683
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    Cited by:

    1. Jesús Barreal & Berta Ferrer-Rosell & Eduard Cristobal-Fransi & Gil Jannes, 2021. "Influence of Service Valuation and Package Cost on Market Segmentation: The Case of Online Demand for Spanish and Andorra Ski Resorts," Sustainability, MDPI, vol. 13(5), pages 1-20, March.
    2. Zakaria Elkhwesky & Islam Elbayoumi Salem & Michal Varmus & Haywantee Ramkissoon, 2022. "Sustainable practices in hospitality pre and amid COVID‐19 pandemic: Looking back for moving forward post‐COVID‐19," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(5), pages 1426-1448, October.

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