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

José Pablo Abeal Vázquez, Pilar Tirado-Valencia and Mercedes Ruiz-Lozano
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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

Sustainability, 2021, vol. 13, issue 4, 1-14

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).

Keywords: impact measurement; social value; sustainability; indicators; tourism product; SROI; hybrid model (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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