IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/90102.html
   My bibliography  Save this paper

Study on The Impact of Socio-Economic Crisis on Greek Wellness Tourists’ Spending Behavior

Author

Listed:
  • Tavlikou, Evangelia
  • Assimakopoulos, Costas

Abstract

As most of the sectors of the world economy, tourism has also been affected by the global economic crisis and the resulting social redeployment. This global socio-economic situation, since 2010, has exerted additional pressure on the mental health and physical condition of people who are increasingly looking for new ways of relaxation and rejuvenation. The present study aims to investigate the impact of the current socio-economic crisis on the behavior and attitude of Greek wellness tourists. Quantitative research was conducted using a structured questionnaire on a sample size of 452 wellness tourists in totally 10 spas at Crete, Kos, Lefkada and Thessaloniki. The survey compared the spending behavior of respondents before 2010 and today. The findings of the survey show that although the behavior of Greeks as consumers is being negatively affected by the economic downturn, there is positive intention to continue using and spending on wellness services. In addition, results indicate the existence of positive attitude towards wellness tourism as a means of health promotion and enhancement. Proposals for further research are suggested.

Suggested Citation

  • Tavlikou, Evangelia & Assimakopoulos, Costas, 2018. "Study on The Impact of Socio-Economic Crisis on Greek Wellness Tourists’ Spending Behavior," MPRA Paper 90102, University Library of Munich, Germany, revised 16 Apr 2018.
  • Handle: RePEc:pra:mprapa:90102
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/90102/1/MPRA_paper_90102.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ruhm, Christopher J., 2005. "Healthy living in hard times," Journal of Health Economics, Elsevier, vol. 24(2), pages 341-363, March.
    2. Egon Smeral, 2009. "Tourismus im Sog der Finanzmarkt- und Wirtschaftskrise," WIFO Monatsberichte (monthly reports), WIFO, vol. 82(3), pages 195-208, March.
    3. Christopher J. Ruhm, 2000. "Are Recessions Good for Your Health?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 115(2), pages 617-650.
    4. Vinod Sharma & Jayant Sonwalkar, 2013. "Does Consumer Buying Behavior Change During Economic Crisis?," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 33-48.
    5. Kido-Cruz, Antonio, 2016. "Tourism multipliers in the Mexican economy," MPRA Paper 77654, University Library of Munich, Germany, revised 27 Nov 2016.
    6. Lelia Voinea & Alina Filip, 2011. "Analyzing the Main Changes in New Consumer Buying Behavior during Economic Crisis," International Journal of Economic Practices and Theories, Academy of Economic Studies - Bucharest, Romania, vol. 1(1), pages 14-19, July.
    7. Slak Valek, Nataša, 2015. "Tourism expenditure according to mode of transportation: A comparative study between 2009 and 2012," MPRA Paper 77406, University Library of Munich, Germany, revised 07 Oct 2015.
    8. Christos Lyrintzis, 2011. "Greek Politics in the Era of Economic Crisis: Reassessing Causes and Effects," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 45, Hellenic Observatory, LSE.
    9. Lyrintzis, Christos, 2011. "Greek politics in the era of economic crisis: reassessing causes and effects," LSE Research Online Documents on Economics 33826, London School of Economics and Political Science, LSE Library.
    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. Chatzigeorgiou, Chryssoula & Christou, Evangelos & Simeli, Ioanna, 2019. "Confidence and loyalty for agrotourism brands: The Lesvos paradigm," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 14(1), pages 151-166.

    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. Tavlikou A Evangelia & Assimakopoulos Costas, 2018. "Study on The Impact of Socio-Economic Crisis on Greek Wellness Tourists' Spending Behavior," Post-Print hal-02463490, HAL.
    2. Ainhoa Aparicio, 2014. "Newborn Health and the Business Cycle," CINCH Working Paper Series 1402, Universitaet Duisburg-Essen, Competent in Competition and Health.
    3. Wang, Huixia & Wang, Chenggang & Halliday, Timothy J., 2018. "Health and health inequality during the great recession: Evidence from the PSID," Economics & Human Biology, Elsevier, vol. 29(C), pages 17-30.
    4. Markowitz, Sara & Nesson, Erik & Robinson, Joshua J., 2019. "The effects of employment on influenza rates," Economics & Human Biology, Elsevier, vol. 34(C), pages 286-295.
    5. Fernández Guerrico, Sofía, 2021. "The effects of trade-induced worker displacement on health and mortality in Mexico," Journal of Health Economics, Elsevier, vol. 80(C).
    6. Colombo, Emilio & Rotondi, Valentina & Stanca, Luca, 2018. "Macroeconomic conditions and health: Inspecting the transmission mechanism," Economics & Human Biology, Elsevier, vol. 28(C), pages 29-37.
    7. Birgisdóttir, Kristín Helga & Hauksdóttir, Arna & Ruhm, Christopher & Valdimarsdóttir, Unnur Anna & Ásgeirsdóttir, Tinna Laufey, 2020. "The effect of the economic collapse in Iceland on the probability of cardiovascular events," Economics & Human Biology, Elsevier, vol. 37(C).
    8. Federico Belotti & Joanna Kopinska & Alessandro Palma & Andrea Piano Mortari, 2022. "Health status and the Great Recession. Evidence from electronic health records," Health Economics, John Wiley & Sons, Ltd., vol. 31(8), pages 1770-1799, August.
    9. Cristina Bellés‐Obrero & Sergi Jiménez‐Martín & Judit Vall‐Castello, 2016. "Bad Times, Slimmer Children?," Health Economics, John Wiley & Sons, Ltd., vol. 25(S2), pages 93-112, November.
    10. Yiannos Katsourides, 2013. "Political Parties and Trade Unions in Cyprus," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 74, Hellenic Observatory, LSE.
    11. Joelle Abramowitz, 2016. "The connection between working hours and body mass index in the U.S.: a time use analysis," Review of Economics of the Household, Springer, vol. 14(1), pages 131-154, March.
    12. Abu Bakkar Siddique & Kingsley E. Haynes & Rajendra Kulkarni & Meng-Hao Li, 2023. "Regional poverty and infection disease: early exploratory evidence from the COVID-19 pandemic," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 70(1), pages 209-236, February.
    13. Timothy Halliday, 2006. "The Impact of Aggregate and Idiosyncratic Income Shocks on Health Outcomes: Evidence from the PSID," Working Papers 200606, University of Hawaii at Manoa, Department of Economics.
    14. Lívia Madeira Triaca & Paulo de Andrade Jacinto & Marco Túlio Aniceto França & César Augusto Oviedo Tejada, 2020. "Does greater unemployment make people thinner in Brazil?," Health Economics, John Wiley & Sons, Ltd., vol. 29(10), pages 1279-1288, October.
    15. Petri Böckerman & Edvard Johansson & Satu Helakorpi & Ritva Prättälä & Erkki Vartiainen & Antti Uutela, 2007. "Does a slump really make you thinner? Finnish micro‐level evidence 1978–2002," Health Economics, John Wiley & Sons, Ltd., vol. 16(1), pages 103-107, January.
    16. Salm, M, 2008. "Job loss does not cause ill health," Health, Econometrics and Data Group (HEDG) Working Papers 08/16, HEDG, c/o Department of Economics, University of York.
    17. Guccio, C. & Pignatora, G. & Vidoli, F., 2023. "It never rains but it pours: Austerity and mortality rate in peripheral areas," Health, Econometrics and Data Group (HEDG) Working Papers 23/02, HEDG, c/o Department of Economics, University of York.
    18. Stavros B. Thomadakis, 2015. "Growth, Debt and Sovereignty: Prolegomena to the Greek Crisis," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 91, Hellenic Observatory, LSE.
    19. Drydakis, Nick, 2015. "The effect of unemployment on self-reported health and mental health in Greece from 2008 to 2013: A longitudinal study before and during the financial crisis," Social Science & Medicine, Elsevier, vol. 128(C), pages 43-51.
    20. Alogoskoufis, George, 2013. "Macroeconomics and politics in the accumulation of Greece’s debt: an econometric investigation, 1975-2009," LSE Research Online Documents on Economics 50257, London School of Economics and Political Science, LSE Library.

    More about this item

    Keywords

    wellness tourism; consumer behavior; socio-economic crisis;
    All these keywords.

    JEL classification:

    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    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:pra:mprapa:90102. 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: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    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.