IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v13y2021i4p2327-d503159.html
   My bibliography  Save this article

The Impact and Value of a Tourism Product: A Hybrid Sustainability Model

Author

Listed:
  • José Pablo Abeal Vázquez

    (Department of Business, University of A Coruña, 15071 Campus de Elviña A Coruña, Spain)

  • Pilar Tirado-Valencia

    (Department of Finance and Accounting, Universidad Loyola Andalucía, 14004 Córdoba, Spain)

  • Mercedes Ruiz-Lozano

    (Department of Finance and Accounting, Universidad Loyola Andalucía, 14004 Córdoba, Spain)

Abstract

The concepts of social value creation and sustainability are acquiring a growing relevance in the vision shared by the tourism industry’s major stakeholders. Our aim was to determine a hybrid impact-value model capable of measuring tourism product sustainability through the use of indicators and the impact of stakeholder actions during the process of creating and generating products. An initial static vision of sustainability is complemented by a second dynamic vision, based on the measurement of value and change. The proposed model includes the same stakeholders, dimensions and indicators for both approaches. This standardization enhances the robustness of the model and its potential as an analysis instrument. After reviewing the considerable number of possible impact measurement techniques, we opted for the versatile methodology known as Social Return on Investment (SROI).

Suggested Citation

  • José Pablo Abeal Vázquez & Pilar Tirado-Valencia & Mercedes Ruiz-Lozano, 2021. "The Impact and Value of a Tourism Product: A Hybrid Sustainability Model," Sustainability, MDPI, vol. 13(4), pages 1-14, February.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:4:p:2327-:d:503159
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/13/4/2327/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/13/4/2327/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Gargani, John, 2017. "The leap from ROI to SROI: Farther than expected?," Evaluation and Program Planning, Elsevier, vol. 64(C), pages 116-126.
    2. Gianna Moscardo & Laurie Murphy, 2014. "There Is No Such Thing as Sustainable Tourism: Re-Conceptualizing Tourism as a Tool for Sustainability," Sustainability, MDPI, vol. 6(5), pages 1-24, April.
    3. Castellani, V. & Sala, S., 2010. "Sustainable performance index for tourism policy development," Tourism Management, Elsevier, vol. 31(6), pages 871-880.
    4. Benur, Abdelati M. & Bramwell, Bill, 2015. "Tourism product development and product diversification in destinations," Tourism Management, Elsevier, vol. 50(C), pages 213-224.
    5. Waligo, Victoria M. & Clarke, Jackie & Hawkins, Rebecca, 2013. "Implementing sustainable tourism: A multi-stakeholder involvement management framework," Tourism Management, Elsevier, vol. 36(C), pages 342-353.
    6. Lozano-Oyola, Macarena & Contreras, Ignacio & Blancas, Francisco Javier, 2019. "An Operational Non-compensatory Composite Indicator: Measuring Sustainable Tourism in Andalusian Urban Destinations," Ecological Economics, Elsevier, vol. 159(C), pages 1-10.
    7. Laura Serrano & Antonio Sianes & Antonio Ariza-Montes, 2019. "Using Bibliometric Methods to Shed Light on the Concept of Sustainable Tourism," Sustainability, MDPI, vol. 11(24), pages 1-25, December.
    8. World Commission on Environment and Development,, 1987. "Our Common Future," OUP Catalogue, Oxford University Press, number 9780192820808.
    9. Xu, Jing Bill, 2010. "Perceptions of tourism products," Tourism Management, Elsevier, vol. 31(5), pages 607-610.
    10. Antonio Ariza-Montes & Antonio Sianes & Vicente Fernández-Rodríguez & Carmen López-Martín & Mercedes Ruíz-Lozano & Pilar Tirado-Valencia, 2021. "Social Return on Investment (SROI) to Assess the Impacts of Tourism: A Case Study," SAGE Open, , vol. 11(1), pages 21582440209, February.
    11. Mercedes Ruiz-Lozano & Pilar Tirado-Valencia & Antonio Sianes & Antonio Ariza-Montes & Vicente Fernández-Rodríguez & Mª Carmen López-Martín, 2020. "SROI Methodology for Public Administration Decisions about Financing with Social Criteria. A Case Study," Sustainability, MDPI, vol. 12(3), pages 1-16, February.
    12. Chung-Shing Chan & Kazuo Nozu & Qinrou Zhou, 2020. "Tourism Stakeholder Perspective for Disaster-Management Process and Resilience: The Case of the 2018 Hokkaido Eastern Iburi Earthquake in Japan," Sustainability, MDPI, vol. 12(19), pages 1-19, September.
    13. Alnoor Ebrahim & V. Kasturi Rangan, 2010. "The Limits of Nonprofit Impact: A Contingency Framework For Measuring Social Performance," Harvard Business School Working Papers 10-099, Harvard Business School.
    14. Marco Scholtz & Elmarie Slabbert, 2018. "A remodelled approach to measuring the social impact of tourism in a developing country," Development Southern Africa, Taylor & Francis Journals, vol. 35(6), pages 743-759, November.
    15. Jane Gibbon & Colin Dey, 2011. "Developments in Social Impact Measurement in the Third Sector: Scaling Up or Dumbing Down?," Social and Environmental Accountability Journal, Taylor & Francis Journals, vol. 31(1), pages 63-72, April.
    16. Margarida Custódio Santos & Ana Ferreira & Carlos Costa & José António C. Santos, 2020. "A Model for the Development of Innovative Tourism Products: From Service to Transformation," Sustainability, MDPI, vol. 12(11), pages 1-20, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Teresa Costa & Maria de Lurdes Calisto & Sandra Nunes & Margarida Dias, 2023. "A Literature Review on Networks and Sustainable Development in Sea Tourism Entrepreneurship," Sustainability, MDPI, vol. 15(3), pages 1-14, January.
    2. Carlo Costantino & Nicola Mantini & Anna Chiara Benedetti & Cristiana Bartolomei & Giorgia Predari, 2022. "Digital and Territorial Trails System for Developing Sustainable Tourism and Enhancing Cultural Heritage in Rural Areas: The Case of San Giovanni Lipioni, Italy," Sustainability, MDPI, vol. 14(21), pages 1-24, October.

    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. Joachim Josef Nigg & Sarah Eichelberger, 2021. "Sustainable Product Development for Accessible Tourism: Case Studies Demonstrating the Need for Stakeholder Collaboration," Sustainability, MDPI, vol. 13(20), pages 1-13, October.
    2. Carayannis, Elias G. & Ferreira, Fernando A.F. & Bento, Paulo & Ferreira, João J.M. & Jalali, Marjan S. & Fernandes, Bernardo M.Q., 2018. "Developing a socio-technical evaluation index for tourist destination competitiveness using cognitive mapping and MCDA," Technological Forecasting and Social Change, Elsevier, vol. 131(C), pages 147-158.
    3. Anne Hardy & Leonie J. Pearson, 2016. "Determining Sustainable Tourism in Regions," Sustainability, MDPI, vol. 8(7), pages 1-18, July.
    4. Tek B. Dangi & Tazim Jamal, 2016. "An Integrated Approach to “Sustainable Community-Based Tourism”," Sustainability, MDPI, vol. 8(5), pages 1-32, May.
    5. Josefa García Mestanza & Alfonso Cerezo Medina & Marco Antonio Cruz Morato, 2019. "A Model for Measuring Fair Labour Justice in Hotels: Design for the Spanish Case," Sustainability, MDPI, vol. 11(17), pages 1-20, August.
    6. Resmiye Alpar Atun & Hassina Nafa & Özlem Olgaç Türker, 2019. "Envisaging sustainable rural development through ‘context-dependent tourism’: case of northern Cyprus," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 21(4), pages 1715-1744, August.
    7. Gennaro Punzo & Mariapina Trunfio & Rosalia Castellano & Mirko Buonocore, 2022. "A Multi-modelling Approach for Assessing Sustainable Tourism," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 163(3), pages 1399-1443, October.
    8. Cassar Silvana & Creaco Salvo, 2016. "Towards Tourism Sustainability: General Aspects and Empirical Evidence of the Italian Experience at Decentralized Level, with Specific Reference to Sicily," TalTech Journal of European Studies, Sciendo, vol. 6(1), pages 95-138, February.
    9. Juan Milán-García & Juan Uribe-Toril & José Luis Ruiz-Real & Jaime de Pablo Valenciano, 2019. "Sustainable Local Development: An Overview of the State of Knowledge," Resources, MDPI, vol. 8(1), pages 1-18, February.
    10. Burcin Hatipoglu & Bengi Ertuna & Vinod Sasidharan, 2014. "A Referential Methodology for Education on Sustainable Tourism Development," Sustainability, MDPI, vol. 6(8), pages 1-20, August.
    11. Huihui Feng & Xingpeng Chen & Peter Heck & Hong Miao, 2014. "An Entropy-Perspective Study on the Sustainable Development Potential of Tourism Destination Ecosystem in Dunhuang, China," Sustainability, MDPI, vol. 6(12), pages 1-27, December.
    12. Mengyi Lin & Fu-Yuan Li & Haibin Zhou, 2020. "A Research on the Combination of Oblique Photography and Mobile Applications Based on the Sustainable Development of Tourism," Sustainability, MDPI, vol. 12(9), pages 1-19, April.
    13. Teresa Savall Morera & Carmen Guzmán & Francisco J. Santos, 2022. "Measuring the impact of sheltered workshops through the SROI: A case analysis in southern Spain," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 93(2), pages 381-415, June.
    14. Dalia Streimikiene & Biruta Svagzdiene & Edmundas Jasinskas & Arturas Simanavicius, 2021. "Sustainable tourism development and competitiveness: The systematic literature review," Sustainable Development, John Wiley & Sons, Ltd., vol. 29(1), pages 259-271, January.
    15. Paola M. A. Paniccia & Luna Leoni & Silvia Baiocco, 2017. "Interpreting Sustainability through Co-Evolution: Evidence from Religious Accommodations in Rome," Sustainability, MDPI, vol. 9(12), pages 1-19, December.
    16. Wei Ren & Feng Han, 2018. "Indicators for Assessing the Sustainability of Built Heritage Attractions: An Anglo-Chinese Study," Sustainability, MDPI, vol. 10(7), pages 1-28, July.
    17. Gabriela Carmen Pascariu & Ramona Tiganasu, 2014. "Tourism and Sustainable Regional Development in Romania and France: an Approach from the Perspective of New Economic Geography," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 16(Special 8), pages 1089-1089, August.
    18. Christian Eckert & Harald Pechlaner, 2019. "Alternative Product Development as Strategy Towards Sustainability in Tourism: The Case of Lanzarote," Sustainability, MDPI, vol. 11(13), pages 1-18, June.
    19. B. K. Downie & P. Dearden & L. King, 2018. "Exploring paradoxes in the search for sustainable livelihoods: a case study from Tanzania," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 20(2), pages 527-542, April.
    20. Todd, Louise & Leask, Anna & Ensor, John, 2017. "Understanding primary stakeholders' multiple roles in hallmark event tourism management," Tourism Management, Elsevier, vol. 59(C), pages 494-509.

    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:gam:jsusta:v:13:y:2021:i:4:p:2327-:d:503159. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.