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Economic Impact Of Cultural Tourism

Author

Listed:
  • Zadel, Zrinka

    () (University of Rijeka, Faculty of Tourism and Hospitality Management Opatija, Croatia)

  • Bogdan, Sinisa

    () (University of Rijeka, Faculty of Tourism and Hospitality Management Opatija, Croatia)

Abstract

The subject of analysis in the paper is economic impact of cultural tourism and identification of the main factors which directly affect cultural tourism revenues. Most countries do not have a statistical system of monitoring and analysing individual factors of cultural tourism such as the number of arrivals of cultural tourists and consumption of cultural tourists. Therefore, it is hard to assess the economic impact of cultural tourism. In cultural tourism, cultural assets are prepared and placed on the tourist market, i.e. cultural resources are transformed into cultural tourism products. The main objective is fulfilling tourists' needs, and achieving positive effects which includes economic effects. Identification of the economic impact of cultural tourism is important because cultural resources have an inestimable value for the local community. Tourism valorisation should be used in order to achieve the necessary maximum effects with minimum negative impacts which tourism may leave on cultural resources. The objective of the paper is to identify the economic contribution of cultural tourism in the Republic of Croatia and to propose a model of identification of economic impact of cultural tourism.

Suggested Citation

  • Zadel, Zrinka & Bogdan, Sinisa, 2013. "Economic Impact Of Cultural Tourism," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 4(3), pages 355-366.
  • Handle: RePEc:ris:utmsje:0091
    as

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    File URL: http://utmsjoe.mk/files/Vol.%204%20No.%203/1-9B-Zadel_-_Bogdan_Croatia.pdf
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    References listed on IDEAS

    as
    1. Ryo Kato & Nobuyuki Oda & Nao Sudo & Tomoo Yoshida, 2011. "Real and Financial Linkage and Monetary Policy: Summary of the 2011 Annual International Conference Organized by the Institute for Monetary and Economic Studies of the Bank of Japan by Ryo Kato, Nobuy," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 29, pages 1-18, November.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    cultural tourism product; cultural tourism; economic impact; cultural tourists;

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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