Abstract
A competitive smart tourism city can be a solution for building resilience to address current and future crises and even be a booster of the economic effects of tourism, since it has an economic ripple effect both inside and outside of the city. This study tried to estimate the intra- and inter-regional economic effects of the smart tourism city Seoul, which has high competitiveness as a smart tourism city. First, this study tried to objectively clarify the scope of smart tourism based on a Delphi survey and then adopted the inter-regional input–output model. The results showed that smart tourism city Seoul is expected to create high income, high value-added, and job creation effects inside the city, and will greatly contribute to securing tax revenue. Outside of the city, smart tourism city Seoul is expected to induce high production effects. Based on these results, this study highlights the economic effects of a smart tourism city, which describes the convergence of technology and tourism.
Highlights
Analysis Using an Input-OutputToday’s tourism cities are facing numerous issues resulting from tourism’s vulnerability to unprecedented situations or crises, such as COVID-19
One possible reason is that numerous economic entities of a smart tourism city are converged, and this convergence can provide a wide range of economic effects to the city and a spillover effect to nearby regions as well [6]
This study aims to answer these two research questions by adopting the inter-regional input–output (I–O) model to evaluate the intra- and inter-regional economic impacts of a smart tourism city, and by calculating the forward and backward linkage effects of smart tourism to understand its economic relationships with other industries in a smart tourism city
Summary
Analysis Using an Input-OutputToday’s tourism cities are facing numerous issues resulting from tourism’s vulnerability to unprecedented situations or crises, such as COVID-19. The economic prosperity that tourism brought has vanished after travel was nearly completely banned subsequent to the pandemic declaration by World Health Organization (WHO) In this situation, a smart tourism city, a combination of smart tourism and a smart city [4], is considered to be a solution for building resilience to address current and future crises, and even be a booster of the enormous economic effects of tourism [1,2,5]. Numerous platforms and stakeholders converge and form a smart tourism ecosystem [6,7] This convergence makes the economic effects of a smart tourism city spread over a wide range, regionally and industrially. Securing competitiveness as a smart tourism city can be a solution for reopening tourism and the economy
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