Author : Kir Kuščer & Domen Trobec
School/Work Place : University of Ljubljana, Slovenia
Contact :
Year : 2014

The global economic and financial crisis could be seen as old news according to the UNWTO’s data on international tourist arrivals. Europe recorded a solid 5% growth in 2013, and Mediterranean countries performed even better with 6% growth in international tourist arrivals (UNWTO, 2014). However, tourism in Mediterranean countries has been fluctuating in recent years; the growth rate in international tourism arrivals was 8% in 2011 and a modest 2% in 2012 (UNWTO, 2013). Even more troubling is the fact that although the numbers of tourists are rising, their habits (both in leisure and business tourism) have changed during economic slow-down (less expenditure for different services during their stay, travelling closer to home and making reservations online and either at first or last minute (WTTC, 2011; Blanke & Chiesa, 2013; Papatheodorou, Rosselló & Xiao, 2010), which creates serious problems in the tourism industry. Many companies acquired huge debts in the boom period before the crisis (pre-2008), which has weakened them, as has lower tourism expenditure. Although tourism was not affected as much as, for example, international trade or industrial production, due to the fact that destocking did not take place, the recovery might take longer since there is no stock-building process in tourism. Governments will have to acknowledge the huge debt burden resulting from increasing taxes and cutting public spending and reduce it. Moreover, lower expenditure has led to price wars and liquidity problems, and an inability to carry out necessary investments, especially in net working capital (Smeral, 2009).

Debates within the ECB and Euro Area and among globally distinguished scholars, such as Miller and Stieglitz’s (2010) paper over asset bubbles, have revealed that the economies of European Mediterranean countries have had serious struggles due to asset bubbles and structural imbalances in their economies (revealed by the global economic and financial crisis), but they do not specify in detail the impact and nature of these and other more specific effects regarding industry subsectors (including the tourism sector and its subsectors). Tourism being one of the key sectors in Mediterranean countries (UNWTO, 2013), our purpose is to show the differences in performance within the tourism sector and give policymakers an appropriate basis for designing policy tools in order to stimulate the analysed sector. Our goal is to identify the subsectors’ specific characteristics influencing the above-average performance of these subsectors, i.e. identifying and specifying tourism subsector champions based on capital and asset structure.

List of Articles
No. Subject Views Date
162 Think Tank XIV Implementation and Governance of Hotel Chain's CSR pol... file 33416 Jun 26, 2014

Corporate Social Responsibility (CSR) has gained increasing importance in the tourism industry over the past two decades, making it a central aspect of many business strategies. Many international hotel corporations have integrated CSR polic...

Author: Dagmar Lund-Durlacher & Carolin Brewi 

Year: 2014 

161 Think Tank XIV Sustainable Tourism Mobility: Recommended Strategies f... file 3860 Jun 26, 2014

Transport is a vital and integral component of the tourism system yet it contributes the most emissions in tourism (Dubois, Peeters, Ceron, & Gössling, 2011; Peeters & Dubois, 2010). In line with the global concerns for sustainabilit...

Author: Diem-Trinh Le-Klähn 

Year: 2014 

» Think Tank XIV Influence of Assets and Capital Structure on the Perfo... file 3345 Jun 26, 2014

The global economic and financial crisis could be seen as old news according to the UNWTO’s data on international tourist arrivals. Europe recorded a solid 5% growth in 2013, and Mediterranean countries performed even better with 6% growth i...

Author: Kir Kuščer & Domen Trobec 

Year: 2014 

159 Think Tank XIV Leadership at the Nexus: Exploring the Connection betw... file 3861 Jun 26, 2014

The development of sustainable and competitive tourism destinations is contingent upon many factors including the creation of inclusive policy (Pforr, 2006), the development and implementation of strategic plans (Jordan, Vogt, Kruger, and Gr...

Author: Whitney Knollenberg & Nancy Gard McGehee 

Year: 2014 

158 Think Tank XIV Welcoming Chinese Visitors and the Easternization of t... file 2272 Jun 26, 2014

Tourism academics, practitioners, governments and agencies around the world are in general agreement about the future of tourism in what commentators have tagged The Asian Century. Assuming demographic and economic conditions persist, the in...

Author: Patricia C. Johnson 

Year: 2014 

157 Think Tank XIV The Development of a National Tourism Research Agenda ... file 6188 Jun 26, 2014

A national research agenda identifies the research priorities that need to be addressed to “inform future policy and service delivery” by government and “for use by academics and practitioners to stimulate research, partnerships and collabor...

Author: Leo Jago & Margaret Deery 

Year: 2014 

156 Think Tank XIV Hospitality of Sustainable Tourism Encounters: Experie... file 3385 Jun 26, 2014

Global tourism is, at least to some extent, based upon to the vast inequalities between wealthy and impoverished (Cole & Morgan 2010, xv). Neglecting, or actively forgetting, the legacy of colonialism and the modern forms of economic and...

Author: Emily Höckert 

Year: 2014 

155 Think Tank XIV Sustainability and the Politics of Place in Resort Des... file 2742 Jun 26, 2014

The nature of a resort will reflect the varying coalitions, partnerships and discourses that emerge from the relative power of actors within the dominant political regime (Gill 2007). In this paper we examine the evolving discourse around th...

Author: Alison M. Gill & Peter W. Williams 

Year: 2014 

154 Think Tank XIV A Multi-Stakeholder Perspective on Sustainable Tourism... file 6748 Jun 26, 2014

In this study, I take up the task to work towards a theoretical and methodological framework that allows using sustainability as a threshold concept for critically evaluating the assumptions embedded in both tourism management theory and pra...

Author: José-Carlos García-Rosell 

Year: 2014 

153 Think Tank XIV A Multidisciplinary Approach to the Study of Sustainab... file 6890 Jun 26, 2014

Emerging tourist destinations can challenge ecological, economic, social, and quality of life barriers. These issues draw attention towards the consequences of increasing complexity that are often found as a tourist marketing system grows an...

Author: Sarah Duffy & Larry Dwyer 

Year: 2014 

OPA: 2014 Outstanding Paper Award Winner 

152 Think Tank XIV Tourism Concessions in National Parks: Neo-liberal Too... file 4420 Jun 26, 2014

For the tourism sector the government aims to “Grow the number of new business opportunities on public conservation land in order to deliver increased economic prosperity and conservation gain” (New Zealand Government, 2012: 23). In relation...

Author: Valentina Dinica 

Year: 2014 

151 Think Tank XIV The Prospects for Sustainable Tourism in Vanuatu in th... file 3032 Jun 26, 2014

This paper explores the feasibility for Vanuatu of implementing several key international recommendations for policy-makers for the sustainable development (SD) of national tourism sectors (UNEP-WTO, 2005). It shows that the remarkable fragm...

Author: Valentina Dinica 

Year: 2014 

150 Think Tank XIV Stakeholder Collaboration and Contestation in Tourism ... file 3088 Jun 26, 2014

Since Timor-Leste gained its independence in 2002, tourism has been promoted by both government and NGOs as a means to create jobs, build businesses, create income for national and local economics and improve regional economic imbalances (Ti...

Author: Sara Currie & Lindsay Turner 

Year: 2014 

149 Think Tank XIV The Bukit Jalil Legacy: Local Residents' Perceptions o... file 5480 Jun 26, 2014

This paper explores local population’s perceptions of the development of the Bukit Jalil area after the 1998 Kuala Lumpur Commonwealth Games. The work on which this study is based is important because it provides a fundamental insight for th...

Author: Rui Qi Chong & Paolo Mura 

Year: 2014 

148 Think Tank XIV Psychological Empowerment as Good Policy for Governanc... file 4953 Jun 26, 2014

The purpose of this paper is to discuss the potential impact psychological empowerment can have on sustainable tourism policy objectives, including improving resident attitudes toward tourism, enhancing destination competitiveness, and maint...

Author: B. Bynum Boley & Nancy Gard McGehee 

Year: 2014 

147 Think Tank XIV The Emergence of Cross-border Governance Structures: t... file 4772 Jun 26, 2014

It is well recognized that the local borders of a tourism destination are not easy to delineate as they are constantly changing through complex practices and discourses due to historical, political, and economic factors. In fact, recent stud...

Author: Dani Blasco, Jaume Guia & Lluís Prats 

Year: 2014 

146 Think Tank XIV Exploring Youth Perspectives on Quality of Life and To... file 2427 Jun 26, 2014

The concept of Quality of Life (QoL) is implicit in conceptualisations of tourism, especially those used to develop and guide tourism policy and planning. At the individual level it is assumed that travel offers a number of different ways to...

Author: Anna Blackman, Gianna Moscardo, Andrea Schurmann & Laurie Murphy 

Year: 2014 

145 Think Tank XI Broad Street Regeneration Initiative: Practical Sustai... file 16140 Dec 19, 2013

Professors of tourism management teach principles of sustainable tourism to students in the classroom. Practitioners teach by implementing sustainable tourism principles in community. The Blackstone Valley Tourism Council (Tourism Council) i...

Author: Robert Billington, Natalie Carter, Caitlin Amos & Myles Ellison 

Year: 2011 

144 Think Tank VIII Community Actions to Engage Local Residents in Tourism... file 7536 Dec 19, 2013

This paper explores the residents’ knowledge of community actions to engage local members in tourism planning and development in the King Cobra Village of Thailand. The degree of participatory ability which is associated with the public atti...

Author: Kitsada Tungchawal 

Year: 2008 

143 Think Tank V Managing Risk and Crisis for Sustainable Tourism: Rese... file 5599 Dec 14, 2013

Many tourism professionals are afraid to speak about terms such as tourism security and tourism safety. There is a common feeling among tourism and travel professionals that these terms will frighten customers and that the less said the bett...

Author: Peter E. Tarlow 

Year: 2005 

OPA: Keynote Speech