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Article
ECONOMIC ANALYSIS OF SUSTAINABLE TOURISM: A CASE STUDY OF NOTTINGHAM
Dragan Radovic, Jing Wang, Gordon Rausser, Wadim Strielkowski, Martin Cepel
ABSTRACT. This paper focused on the economic analysis of the sustainable tourism using an example of cultural tourism. We evaluated the annual economic impact to the city of Nottingham based on the causal chain model that was fulfilled from the perspective of the selected evaluation criteria. Our results yielded the feasibility and practicability of the evaluation method based on the new taxonomy of sustainable cultural tourism. The combined evaluation method enables policy-makers to evaluate comprehensively the overall impact of each attraction and locate the attraction in the cultural space by taking both economic and cultural impacts into account .
KEYWORDS: sustainable tourism, tourism development policies, cultural tourism, tourism economics, economic evaluation, Nottingham.