Measuring the Economic Impact of a Voluntary Sustainable Tourism Certification
| Autor: | Celia Bilbao-Terol, Amelia Bilbao-Terol |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: |
lcsh:TJ807-830
Geography Planning and Development lcsh:Renewable energy sources Certification Audit Management Monitoring Policy and Law market value 0502 economics and business hedonic methods Economic impact analysis sustainable tourism propensity score-matching Market value lcsh:Environmental sciences Sustainable tourism lcsh:GE1-350 sustainable certification Public economics Renewable Energy Sustainability and the Environment lcsh:Environmental effects of industries and plants 05 social sciences Tenerife (Spain) Investment (macroeconomics) lcsh:TD194-195 Sustainability Business 050203 business & management 050212 sport leisure & tourism Tourism |
| Zdroj: | Sustainability Volume 12 Issue 13 Scopus RUO. Repositorio Institucional de la Universidad de Oviedo instname RUO: Repositorio Institucional de la Universidad de Oviedo Universidad de Oviedo (UNIOVI) Sustainability, Vol 12, Iss 5465, p 5465 (2020) |
| ISSN: | 2071-1050 |
| DOI: | 10.3390/su12135465 |
| Popis: | This article contributes to the debate about whether the investment in tourism sustainability is economically profitable for firms. Specifically, using cross-sectional analysis, we explore the existence of a causal link between the possession of a voluntary sustainable certification, Eco-Management and Audit Scheme (EMAS), and the increase in the prices of hotel accommodation. For this, the hedonic price method is used. Prior to the hedonic estimation, the propensity score-matching methodology is applied in order to control for self-selection bias. The analysis is carried out for coastal hotels located in the southern area of Tenerife (Canary Islands, Spain) which merits attention as a typical mature sun and beach tourist destination. The study does not reveal any significant effects of sustainable certification on the prices of accommodations, which would appear to explain the low participation of establishments in the program. We conclude by providing some useful insights on measures aimed at improving related policies. |
| Databáze: | OpenAIRE |
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