Economic impact of a religious and tourist event

Víctor Lafuente Sánchez, María Devesa Fernández and José à ngel Sanz Lara
Additional contact information
Víctor Lafuente Sánchez: Universidad de Valladolid, Spain
María Devesa Fernández: Universidad de Valladolid, Spain
José à ngel Sanz Lara: Universidad de Valladolid, Spain

Tourism Economics, 2017, vol. 23, issue 6, 1255-1274

Abstract: Holy Week is one of the most important traditional celebrations in many parts of the world. It has a deep-rooted cultural and social tradition, yet also embraces a tourist dimension, which ultimately impacts on the economy of the places where it is held. The present work seeks to explore the impact of Holy Week on the city of Palencia (Spain). To do this, an economic impact study based on a description and evaluation of three types of effect, direct, indirect and induced, is carried out. Results show that this event generated a total of €2.258 million, of which 82% remained in the economy of the city itself, with the hotel and restaurant sectors benefitting the most. This traditional celebration thus contributes to creating revenue and employment, to maintaining traditional industries, to preserving cultural heritage and to enhancing the area’s image and projection.

Keywords: economic impact; Holy Week; input–output multipliers; religion; tourism (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/1354816616675996 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:23:y:2017:i:6:p:1255-1274

DOI: 10.1177/1354816616675996

Access Statistics for this article

More articles in Tourism Economics
Bibliographic data for series maintained by SAGE Publications ().