International Journal of Hospitality and Tourism Systems

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

A Review of Assessing the Economic Impact of Business Tourism: Issues and Approaches


Affiliations
1 School of Hospitality, Tourism and Culinary Arts Taylor's University, Lakeside Campus, Malaysia
     

   Subscribe/Renew Journal


Business tourism has become an important economic sector in many parts of the world, and many regions, states, and local areas have identified expenditures by business tourists as a potential source of economic growth. Because their spending can contribute to the local economy, many communities seek to enhance business tourism and business tourists-oriented activities. A wide variety of parties are interested for economic impact estimation of business tourism. The current research identifies key considerations and issues that affect and are serious to reliable estimates of the economic impacts of business events and business tourism.

Keywords

Business Tourism, Economic Impact, Impact Assessment Models.
Subscription Login to verify subscription
User
Notifications
Font Size


  • Baade, R. A., & Matheson, V. A. (2001). Home run or wild pitch? Assessing the economic impact of major league baseball's All-Star Game. Journal of Sports Economics, 2(4), 307-327.

  • Chhabra, D., Sills, E., & Cubbage, F. W. (2003). The significance of festivals to rural economies: Estimating the economic impacts of Scottish Highland Games in North Carolina. Journal of Travel Research, 41, 421-427.

  • Crompton, J. L. (1995). Economic impact analysis of sports facilities and events: Eleven sources of misapplication. Journal of Sports Management, 9, 14-35.

  • Crompton, J. L. (2006). Economic impact studies: instruments for political shenanigans? Journal of Travel Research, 45(1), 67-82.

  • Davidson, L. S., & Schaffer, W. A. (1980). A discussion of methods employed in analysing the impact of short-term entertainment events. Journal of Travel Research, 18, 12-16.

  • Dwyer, L. Forsyth, P. & Spurr, R. (2004). Evaluating tourism's economic effects: New and old approaches. Tourism Management, 25, 307-317.

  • Faulkner, B. & Raybould, M. (1995). Monitoring visitor expenditure associated with attendance at sporting events: An experimental assessment of the diary and recall methods. Festival Management & Event Tourism, 3, 73-81.

  • Finn, A. & Erdem, T. (1995). The economic impact of a mega-multi-mall: Estimation issues in the case of the West Edmonton Mall. Tourism Management, 16(5), 367-373.

  • Fleming, W. R. & Toepper, L. (1990). Economic Impact Studies: Relating The Positive And Negative Impacts To Tourism Development. Journal of Travel Research, 29(1), 35-42. doi:10.1177/004728759002900108.

  • Han, X., & Fang, B. (1997). Measuring the Size of Tourism and its Impact in an Economy. Statistical Journal of the UN Economic Commission for Europe, 14(4), 357-378.

  • Hodur, N. M. & Leistritz, F. L. (2006). Estimating the Economic Impact of Event Tourism: A Review of Issues and Methods. Journal of Convention & Event Tourism, 8(4), 63-79.

  • Hodur, N. M., Bangsund, D. A., Leistritz, F. L., & Kaatz, J. (2006). Estimating the contribution of a multi-purpose event facility to the area economy. Tourism Economics, 12(2), 303-316.

  • Irwin, R. L., Wang, P., & Sutton, W. A. (1996). Comparative analysis of diaries and projected spending to assess patron expenditure behaviour at short-term sporting events. Festival Management & Event Tourism, 4, 29-37.

  • Jones, C. (2001). Mega‐events and host region impacts: determining the true worth of the 1999 Rugby World Cup. International Journal of Tourism Research, 3(3), 241-251.

  • Leistritz, F. L. (1998). Economic and fiscal impact assessment. In A. Porter & J. Fittipaldi (Eds.), Environmental methods review: Retooling impact assessment for the new century (pp.221-227). Fargo, ND: International Association for Impact Assessment and Army Environmental Policy Institute.

  • Loveridge, S. (2004). A typology and assessment of multi-sector regional economic impact models. Regional Studies, 38, 305-317.

  • Matheson, V. A. (2002). Upon further review:An examination of sporting event economic impact studies. The Sport Journal, 5(1), 1-6.

  • Noll, R. G., & Zimbalist, A. S. (Eds.). (1997). Sports, jobs, and taxes: The economic impact of sports teams and stadiums. Brookings Institution Press.

  • Porter, P. K. (1999). Mega-sports events as municipal investments: A critique of impact analysis. In J. Fizel, E. Gustafson, & L. Hadley (Eds.), Sports economics: Current research (pp. 61-73). Westport, CT:Praeger.

  • Siegfried, J., & Zimbalist, A. (2000). The economics of sports facilities and their communities. The Journal of Economic Perspectives, 95-114.

  • Stynes, D. J. (1997). Economic Impacts of Tourism, A Handbook for Tourism Professionals, Illinois Bureau of Tourism, Illinois Department of Commerce and Community Affairs, Prepared by the Tourism Research Laboratory at the University of Illinois at Urbana-Champaign.

  • Tyrrell, T. J., & Johnston, R. J. (2001). A framework for assessing direct economic impacts of tourist events:Distinguishing origins, destinations, and causes of expenditures. Journal of Travel Research, 40, 94-100.

  • UNWTO. (2006). Measuring the Economic Importance of the Meeting Industry: Developing a Tourism Satellite Account Extension. Mardid: United Nation World Tourism Organization.

  • Vogelsong, H., & Graefe, A. R., (2001) Economic Impact Analysis: A Look at Useful Methods. P & R Magzine, 3(1), 28-36.

  • Wang, P., & Irwin, R. L. (1993). An assessment of economic impact techniques for small sporting events. Sport Marketing Quarterly, 11(3), 33-37.

  • Wang, Y. & Davidson, M. C. (2010). A review of micro-analyses of tourist expenditure. Current Issues in Tourism, 13(6), 507-524.

  • Weber, K. & Ladkin, A. (2004). 'Trends Affecting the Convention Industry in the 21st Century'. Journal of Convention & Event Tourism, 6(4), 47-63.

  • Weber, K. (2001). Meeting planners' use and evaluation of convention and visitor bureaus. Tourism Management, 22 (6), 599-606.

  • World Tourism and Travel Corporation (WTTC, 2012). Travel & Tourism-Economic Impact. Available at www. wttc.org/


Abstract Views: 509

PDF Views: 2




  • A Review of Assessing the Economic Impact of Business Tourism: Issues and Approaches

Abstract Views: 509  |  PDF Views: 2

Authors

Jeetesh Kumar
School of Hospitality, Tourism and Culinary Arts Taylor's University, Lakeside Campus, Malaysia
Kashif Hussain
School of Hospitality, Tourism and Culinary Arts Taylor's University, Lakeside Campus, Malaysia

Abstract


Business tourism has become an important economic sector in many parts of the world, and many regions, states, and local areas have identified expenditures by business tourists as a potential source of economic growth. Because their spending can contribute to the local economy, many communities seek to enhance business tourism and business tourists-oriented activities. A wide variety of parties are interested for economic impact estimation of business tourism. The current research identifies key considerations and issues that affect and are serious to reliable estimates of the economic impacts of business events and business tourism.

Keywords


Business Tourism, Economic Impact, Impact Assessment Models.

References