The economics of second-home tourism: Are there expenditure reallocation effects from accommodation savings?

Second-home tourism is a popular tourism activity by which people spend leisure time away from home at second residences. Given the budget constraint, savings from not having to pay for the accommodation might produce expenditure reallocation effects on other items. This paper examines the differenc...

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Bibliographic Details
Published in:Tourism economics : the business and finance of tourism and recreation 2024-06, Vol.30 (4), p.969-995
Main Authors: Boto-García, David, Baños Pino, José Francisco
Format: Article
Language:English
Subjects:
Accommodation
Bars
Budget constraint
Economic impact
Economics
Expenditures
Leisure
Restaurants
Savings
Second homes
Supermarkets
Time use
Tourism
Tourist activities
Tourists
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Summary:Second-home tourism is a popular tourism activity by which people spend leisure time away from home at second residences. Given the budget constraint, savings from not having to pay for the accommodation might produce expenditure reallocation effects on other items. This paper examines the differences in expenditure between tourists who stay at market accommodations versus those at second homes considering distinct categories. Using microdata for around 37,000 tourists in Spain travelling in the summer periods of 2017, 2018 and 2019, we estimate Craggit-type regressions to study potential reallocation effects in recreational activities, bars and restaurants, and other items including purchases at supermarkets and goods for personal care. We find that tourists at second homes spend significantly less in bars and restaurants, tourism activities and other items. There is no evidence of reallocation effects in expenditure at destination, suggesting that the economic contribution of second-home tourism is lower than typically assumed.
ISSN:1354-8166
2044-0375
DOI:10.1177/13548166231177555