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Wine Tourism, Designations of Origin and Business Performance: An Analysis Applied to the Valencian Community Wine Industry

Author

Listed:
  • Bartolomé Marco-Lajara

    (Management Department, University of Alicante, 03690 San Vicente del Raspeig, Spain)

  • Javier Martínez-Falcó

    (Management Department, University of Alicante, 03690 San Vicente del Raspeig, Spain)

  • Eduardo Sánchez-García

    (Management Department, University of Alicante, 03690 San Vicente del Raspeig, Spain)

  • Luis A. Millan-Tudela

    (Management Department, University of Alicante, 03690 San Vicente del Raspeig, Spain)

Abstract
The aim of this research is to analyze the effect of wine routes and Designations of Origin (DOs) on the competitiveness of wineries belonging to the Valencian Community, given that, to the best of our knowledge, such relationships have not been analyzed in this wine region. To this end, information was obtained on the operating income, results for the year, equity, level of indebtedness and number of employees of the 90 wineries belonging to this wine-growing territory. Subsequently, a comparison of means was made, calculating Student’s t-test for independent samples with the SPSS software, based on whether the wineries belonged to the wine routes and DOs existing in the Valencian Community. The results show the wineries that are members of a wine route and/or a DO have, on average, a higher operating income, higher equity and a higher number of employees, and these differences are statistically significant. This research may be useful for general managers who are considering the development of wine tourism activities, as well as for those who are thinking of joining DOs, since, as was empirically demonstrated, these actions can improve the economic performance of their wineries and, as a consequence, their competitiveness.

Suggested Citation

  • Bartolomé Marco-Lajara & Javier Martínez-Falcó & Eduardo Sánchez-García & Luis A. Millan-Tudela, 2023. "Wine Tourism, Designations of Origin and Business Performance: An Analysis Applied to the Valencian Community Wine Industry," Businesses, MDPI, vol. 3(1), pages 1-13, January.
    • Handle: RePEc:gam:jbusin:v:3:y:2023:i:1:p:6-82:d:1040236
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    References listed on IDEAS

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    1. Eugenio Pomarici & Alessandro Corsi & Simonetta Mazzarino & Roberta Sardone, 2021. "The Italian Wine Sector: Evolution, Structure, Competitiveness and Future Challenges of an Enduring Leader," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 7(2), pages 259-295, July.
    2. Rosa M. Muñoz & M. Valle Fernández & Yolanda Salinero, 2020. "Sustainability, Corporate Social Responsibility, and Performance in the Spanish Wine Sector," Sustainability, MDPI, vol. 13(1), pages 1-9, December.
    3. Lizama, V. & Pérez-Álvarez, E.P. & Intrigliolo, D.S. & Chirivella, C. & Álvarez, I. & García-Esparza, M.J., 2021. "Effects of the irrigation regimes on grapevine cv. Bobal in a Mediterranean climate: II. Wine, skins, seeds, and grape aromatic composition," Agricultural Water Management, Elsevier, vol. 256(C).
    4. Rosana Fuentes-Fernández & Javier Martínez-Falcó & Eduardo Sánchez-García & Bartolomé Marco-Lajara, 2022. "Does Ecological Agriculture Moderate the Relationship between Wine Tourism and Economic Performance? A Structural Equation Analysis Applied to the Ribera del Duero Wine Context," Agriculture, MDPI, vol. 12(12), pages 1-17, December.
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    1. Joaquín Martínez-Falcó & Javier Martínez-Falcó & Bartolomé Marco-Lajara & Eduardo Sánchez-García & Gustav Visser, 2023. "Aligning the Sustainable Development Goals in the Wine Industry: A Bibliometric Analysis," Sustainability, MDPI, vol. 15(10), pages 1-15, May.

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