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A European Sustainable Tourism Labels proposal using a composite indicator
Institution:1. Department of Economics, Quantitative Methods and Economic History, Pablo de Olavide University, Carretera de Utrera Km 1, 41013 Seville, Spain;2. Department of Applied Economics (Mathematics), Malaga University, Campus El Ejido, 29071 Málaga, Spain
Abstract:The tourism sector in Europe faces important challenges which it must deal with to promote its future development. In this context, the European Commission considers that two key issues must be addressed. On the one hand, a better base of socio-economic knowledge about tourism and its relationship with the environment is needed, and, on the other hand, it is necessary to improve the image of European areas as quality sustainable tourism destinations. In this paper we present analytical tools that cover these needs. Specifically, we define a system of sustainable tourism indicators and we obtain a composite indicator incorporating weights quantified using a panel of experts. Employing the values of this global indicator as a basis, we define a Sustainable Tourism Country-Brand Ranking which assesses the perception of each country-brand depending on its degree of sustainability, and a system of sustainable tourism labels which reward the management carried out.
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