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The economic impact of yacht charter tourism on the Balearic economy

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Abstract:

This paper evaluates the impact of yacht charter tourism on the economy of the Balearic Islands, one of the most popular yachting tourism destinations in the Mediterranean. Empirical evidence, from a sample of yacht charter tourists and a database on charter firms in the Balearics provided by the National Charter Federation, gives information on daily tourist expenditure, the number of charter tourists and firms' turnover and employment. More than 100,000 tourists come annually to the Balearics to charter yachts. Average daily expenditure per tourist, including charter cost and other spending on hotel accommodation, bars and restaurants, shopping and other items, is €170; however, average daily expenditure varies depending on the typology of boat rented. When tourist spending in the country of origin is included, average daily expenditure rises to €203.90. Daily expenditure is higher than that of a traditional tourist (€105.20) and similar to that of a golf tourist (€211). Finally, yacht charter activity in the Balearics contributes to the generation of around 866 jobs in the archipelago.

Keywords: BALEARIC ISLANDS; BOAT TYPOLOGY; EMPLOYMENT; TOURIST EXPENDITURE; YACHT CHARTER TOURISM

Document Type: Research Article

DOI: http://dx.doi.org/10.5367/te.2011.0045

Publication date: June 1, 2011

More about this publication?
  • Tourism Economics, published bimonthly, is a peer-reviewed journal devoted to the economics and finance of tourism worldwide. Articles address the components of the tourism product (accommodation; restaurants; merchandizing; attractions; transport; entertainment; tourist activities); and the economic organization of tourism at micro and macro levels (market structure; role of public/private sectors; community interests; strategic planning; marketing; finance; economic development).

    Fast Track. Tourism Economics Fast Track papers have been peer-reviewed, revised and fully accepted for publication. However, although these are the final versions from the authors, they are unedited manuscripts and will undergo a rigorous editing process before their appearance in an issue of the journal. This means that the Fast Track manuscripts may not conform to journal style in terms of presentation, spelling and other usages. They may also contain errors of typography, grammar, spelling, referencing, etc, all of which will be corrected in the processes of copy-editing and proofreading.
    Tourism Economics operates a Fast Track online publication system so that papers can be published and made available almost immediately on final acceptance by the journal. Each Fast Track article is given a DOI. When the paper is assigned to an issue, this DOI will automatically be transferred to the article in the journal issue.
    Fast Track articles may be cited using the DOI. Citations should include the author's or authors' name(s), the title of the article, the title of the journal followed by the words Fast Track, the year of Fast Track publication and the DOI. For example:

    Smith, J. (2013), Article title, Tourism Economics Fast Track, DOI xxxxxxxx.

    Once the paper has been published in an issue of the journal, the DOI will automatically resolve to that final version and the article can be cited in accordance with normal bibliographical conventions.

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