Towards a New Framework for Accounting and Modelling the Regional and Local Impacts of Tourism

We identify four different approaches to estimate the regional and local impacts of tourism based on national accounts and economic modelling: The supply approach, the simple demand or commodity approach, the simple satellite account approach involving tourism satellite accounts based on social accounting, and the extended satellite account approach. Based upon a general interregional quantity model for tourism, empirical evidence on the impacts of tourism on 98 Danish municipalities is presented. We conclude that the four approaches give very different results, both in absolute and in relative terms.