Economic and social yield of investing in hiking tourism: the case of Berguedà, Spain

Abstract

Nature-based tourism is on the rise around the world. This article employs a cost-benefit analysis methodology to contribute to knowledge in this area by estimating both the economic impacts and the social costs and benefits of investing in hiking tourism. It includes tangible and non-tangible impacts, such as health benefits and CO2 emissions. Using data collected between 15th March 2014 and 14th March 2015, results show a positive return from every euro invested in hiking tourism. A single figure of net returns to society enables policy-makers to assess the social value of the investment itself and can help citizens' rational choice regarding whether to encourage or resist additional tourism development