Investigating value added from heritage assets: An analysis of landmark historical sites in Wales

Abstract

We reveal how tourist visitation to similar historical sites supports different levels of local gross value added (GVA). The paper shows how information on tourism activity at few historical sites can be used to analyse causal recipes defining whether sites support relatively high/low levels of GVA. Fuzzy‐set qualitative comparative analysis is employed to offer perspectives not possible with other analytical methods. The study reveals that for a set of similar heritage sites, that factors supporting local economic impacts are complex and with this having ramifications for management interventions around sites that seek to boost the economic impacts of visitation.

Impact of domestic tourism on economy under COVID-19: The perspective of tourism satellite accounts

“…For instance, scholars have estimated the contributions of Greek yachting and coastal leisure shipping to the local economy ( Diakomihalis, 2008 ; Diakomihalis & Lagos, 2011 ). Researchers have further investigated the contributions of landmark historical sites' heritage assets ( Beynon et al, 2018 ), meetings and conferences ( Jones & Li, 2015 ; Zhang, 2014 ), wine tourism ( Sauer & Repik, 2014 ), and additional topics. A number of studies have measured the ecological consequences of tourism (e.g., greenhouse gas emissions, energy consumption, and water consumption).…”

“…With TSA as a foundation, interindustry linkage analysis ( Beynon, Jones, & Munday, 2009 ), computable general equilibrium (CGE) modelling ( Pratt, 2015 ), social accounting matrix modelling ( Gul & Cagatay, 2015 ), and tourism forecasting ( Ahlert, 2008 ) can each be reinforced. Direct or extensional use of TSA additionally facilitates analyses of the impacts of specific tourism activities ( Beynon, Jones, Munday, & Roche, 2018 ; Diakomihalis, 2008 ; Diakomihalis & Lagos, 2011 ; Jones & Li, 2015 ; Sauer & Repik, 2014 ; Zhang, 2014 ) as well as tourism's ecological effects ( Collins, Jones, & Munday, 2009 ; Dwyer, Forsyth, Spurr, & Hoque, 2010 ; Jones, 2013 ; Li, Li, Tang, & Wang, 2019 ; Meng, Xu, Hu, Zhou, & Wang, 2017 ; Munday, Turner, & Jones, 2013 ; Perch-Nielsen, Sesartic, & Stucki, 2010 ; Ragab & Meis, 2016 ). It remains necessary to assess the impact of the COVID-19 outbreak on the tourism industry, and TSA offers a suitable approach.…”

The influence of historical nostalgia on a heritage destination's brand authenticity, brand attachment, and brand equity

“…They also confirmed the positive effects of restaurant food, environment, and service on triggering consumers' nostalgia at traditional restaurants. Pursuing a nostalgic experience is also one of the motivations for tourists to go to heritage tourism destinations (Beynon et al, 2018; Shi et al, 2021). Thus.…”

“…Thus, the tourism industry with nostalgic ideas as its theme is flourishing day by day (Kim et al, 2019; Shi et al, 2021). Many cultural heritage tourist destinations have cultivated and developed their unique historical resources using brand personality and have become representative of nostalgic tourist destinations (Beynon et al, 2018; Ryan & Silvanto, 2010; Verma & Rajendran, 2017).…”

Assets Value Added and Assets Liquidity on Stock Liquidity

“…Asset added value (AVA) is the economic impact and economic activity of an asset (Beynon et al, 2018;Bryan et al, 2012). The company's stakeholders seek to create relatively high assets value added and minimize the occurrence of uncertainty in the business in the utilization of assets.…”