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The economic and social value of spa tourism: The case of balneotherapy in Maresme, Spain
- Source :
- PLoS ONE, Vol 17, Iss 1 (2022), PLoS ONE, Vol 17, Iss 1, p e0262428 (2022), PLoS ONE
- Publication Year :
- 2022
- Publisher :
- Public Library of Science (PLoS), 2022.
-
Abstract
- The aim of this article is to assess both the economic and social value of balneotherapy and spa tourism, being the first paper in carrying out this analysis. The study has been conducted in Maresme, a region of Catalonia, Spain. On the one hand, an Input-Output (IO) model with a Social Accounting Matrix (SAM) has been carried out to assess the economic value. On the other hand, a Cost-Benefit Analysis (CBA) has been used to monetise the social value in this region, taking into account, among other concepts, direct and indirect health profits, given that balneotherapy helps to alleviate various diseases. The results show that whereas the economic multiplier is 1.529 considering the direct and indirect effects and 1.712 taking into account also the induced effects, which are similar to health and medical tourism multipliers, social value generates additional positive value, given that the cost-benefit ratio is 1.858. The theoretical implications of the paper as well as the findings’ implications for policy so as to encourage investments in spa tourism are discussed.
- Subjects :
- Male
Fibromyalgia
Social Values
Economics
Science
Lower Back Pain
Social Sciences
Pain
Tourism
Health Economics
Signs and Symptoms
Medical Conditions
Rheumatology
Chlorides
Natural Resources
Medicine and Health Sciences
Mud
Humans
Public and Occupational Health
Multidisciplinary
Balneology
Chemical Compounds
Neuromuscular Diseases
Middle Aged
Mineralogy
Economic Analysis
Health Care
Chemistry
Neurology
Spain
Economic Impact Analysis
Physical Sciences
Earth Sciences
Medicine
Female
Clinical Medicine
Behavioral and Social Aspects of Health
Research Article
Subjects
Details
- Language :
- English
- ISSN :
- 19326203
- Volume :
- 17
- Issue :
- 1
- Database :
- OpenAIRE
- Journal :
- PLoS ONE
- Accession number :
- edsair.doi.dedup.....a4bb0d34381fc666cec82087fd00f1b7