Skip to main content
Top

2017 | OriginalPaper | Chapter

Is Silver Economy a New Way of Tourism Potential for Greece?

Authors : Dimitrios Kyriakou, Dimitrios Belias

Published in: Tourism, Culture and Heritage in a Smart Economy

Publisher: Springer International Publishing

Activate our intelligent search to find suitable subject content or patents.

search-config
loading …

Abstract

The need to travel appears to be innate in humans. Exploring one’s surroundings is prevalent at birth. A child will wander around looking with keen interest at his/her environment. As people grow older, they feel the need to see different parts of their world. For example, many young people will embark on an overseas trip during or after completing their education. The older population has the time to travel and experience the world that may have eluded them during the years of raising a family or pursuing career commitments. Higher income enables greater exploration. The United Nations (1948, Article 24) have declared that “everyone has the right to rest and leisure, including reasonable limitation of working hours and periodic holidays with pay”, with everyone assumed to have the right to leisure for developing every aspect of his/her personality and furthering social integration (European Commission 2006). However, the recent report on Demographic Change and Tourism (DCT) by the World Tourism Organization & European Travel Commission (Demographic change and tourism. World Tourism Organization & European Travel Commission, Madrid 2010) has highlighted that the demographic changes in modern societies have created new challenges for the development of tourism due to their implications on tourism participation behaviour (see also Nickerson 2000; Reece 2004). Litrell, Paige, and Song 2004) described senior travelers as becoming an important travel segment because of their level of wealth, higher discretionary income, lower consumer debt, greater free time to travel, and their tendency to travel greater distances and for longer lengths of time. Huang and Tsai 2003) found that seniors will soon be one of the largest prospective market segments for the hospitality and travel industries. A marked shift in interests from beach and shopping to culture, nature and food opens additional business prospects to accommodate those who now enjoy the extension of a long-term hobby or the opportunity to try something entirely new. But what policy makers in Greece can actually do to develop and expand silver economy tourism in order to combat economic crisis as well as tackle down seasonality thus create a supplementary sustainable and viable tourism product in Greece?

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 390 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Maschinenbau + Werkstoffe




 

Jetzt Wissensvorsprung sichern!

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Literature
go back to reference Alén, E., Losada, N., & de Carlos, P. (2015). Profiling the segments of senior tourists throughout motivation and travel characteristics, Current Issues in Tourism. Alén, E., Losada, N., & de Carlos, P. (2015). Profiling the segments of senior tourists throughout motivation and travel characteristics, Current Issues in Tourism.
go back to reference Allan, C. (1981). Measuring mature markets. American Demographics, 3, 13–17. Allan, C. (1981). Measuring mature markets. American Demographics, 3, 13–17.
go back to reference Anderson, B., & Langmeyer, L. (1982). The under 50 and over 50 travelers: A profile of similarities and differences. Journal of Travel Research Spring, 20, 20–24. Anderson, B., & Langmeyer, L. (1982). The under 50 and over 50 travelers: A profile of similarities and differences. Journal of Travel Research Spring, 20, 20–24.
go back to reference Batra, A. (2009). Senior pleasure tourists: Examination of their demography, travel experience, and travel behavior upon visiting the Bangkok Metropolis. International Journal of Hospitality & Tourism Administration, 10(3), 197–212. Batra, A. (2009). Senior pleasure tourists: Examination of their demography, travel experience, and travel behavior upon visiting the Bangkok Metropolis. International Journal of Hospitality & Tourism Administration, 10(3), 197–212.
go back to reference Bauer, I. (2012). Australian senior adventure travelers to Peru: Maximising older tourists’ travel health experience, travel medicine and infectious disease, 10, 59–68. Bauer, I. (2012). Australian senior adventure travelers to Peru: Maximising older tourists’ travel health experience, travel medicine and infectious disease, 10, 59–68.
go back to reference Bernini, C., & Cracolici, M. F. (2015). Demographic change, tourism expenditure and life cycle behaviour. Tourism Management, 47(2015), 191–205. Bernini, C., & Cracolici, M. F. (2015). Demographic change, tourism expenditure and life cycle behaviour. Tourism Management, 47(2015), 191–205.
go back to reference Bolt, K. (2007). The impact of baby boomers on the senior living market (pp. 38–42). Fall: Land Development of National Association of Home Builders. Bolt, K. (2007). The impact of baby boomers on the senior living market (pp. 38–42). Fall: Land Development of National Association of Home Builders.
go back to reference Branchik, B. J. (2010). Silver dollars: The development of the US elderly market segment. Journal of Historic Research in Marketing, 2(2), 174. Branchik, B. J. (2010). Silver dollars: The development of the US elderly market segment. Journal of Historic Research in Marketing, 2(2), 174.
go back to reference Carneiro, M. J., Celeste, E., Kastenholz, E., & Alvelos, H. (2013). Motivations to participate in social tourism programmes: A segmentation analysis of the senior market. Anatolia, 24(3), 352–366. Carneiro, M. J., Celeste, E., Kastenholz, E., & Alvelos, H. (2013). Motivations to participate in social tourism programmes: A segmentation analysis of the senior market. Anatolia, 24(3), 352–366.
go back to reference Chen, C. S. (2014). Stowe shoemaker age and cohort effects: The American senior tourism market. Annals of Tourism Research, 48, 58–75. Chen, C. S. (2014). Stowe shoemaker age and cohort effects: The American senior tourism market. Annals of Tourism Research, 48, 58–75.
go back to reference Chen, C., & Wu, C. (2009). How motivations, constraints, and demographic factors predict seniors’ overseas travel propensity. Asia Pacific Management Review, 14(3), 301–312. Chen, C., & Wu, C. (2009). How motivations, constraints, and demographic factors predict seniors’ overseas travel propensity. Asia Pacific Management Review, 14(3), 301–312.
go back to reference Chen, K. H., Liu, H. H., & Chang, F. H. (2013). Essential customer service factors and the segmentation of older visitors within wellness tourism based on hot springs hotels. International Journal of Hospitality Management, 35, 122–132. Chen, K. H., Liu, H. H., & Chang, F. H. (2013). Essential customer service factors and the segmentation of older visitors within wellness tourism based on hot springs hotels. International Journal of Hospitality Management, 35, 122–132.
go back to reference Chu, A. Z., & Chu, R. J., (2013). Service willingness and senior tourists: knowledge about aging, attitudes toward the elderly, and work values. The Services Industries Journal, 33(12), 1148–1164, Taylor and Francis. doi:10.1080/02642069.2011.628659. Chu, A. Z., & Chu, R. J., (2013). Service willingness and senior tourists: knowledge about aging, attitudes toward the elderly, and work values. The Services Industries Journal, 33(12), 1148–1164, Taylor and Francis. doi:10.​1080/​02642069.​2011.​628659.
go back to reference Crompton, J. L. (1979). Motivations for pleasure vacation. Annals of Tourism Research, 6(4), 408–424. Crompton, J. L. (1979). Motivations for pleasure vacation. Annals of Tourism Research, 6(4), 408–424.
go back to reference Cummings, B. (2006). Senior class. Restaurant Business, 105(12), 22–23. Cummings, B. (2006). Senior class. Restaurant Business, 105(12), 22–23.
go back to reference Dann, G. (1981). Tourist motivation: An appraisal. Annals of Tourism Research, 8(2), 184–219. Dann, G. (1981). Tourist motivation: An appraisal. Annals of Tourism Research, 8(2), 184–219.
go back to reference Eugenio-Martin, J. L., & Campos-Soria, J. A. (2011). Income and the substitution pattern between domestic and international tourism demand. Applied Economics, 43(20), 2519–2531. Eugenio-Martin, J. L., & Campos-Soria, J. A. (2011). Income and the substitution pattern between domestic and international tourism demand. Applied Economics, 43(20), 2519–2531.
go back to reference European Commission. (2006). Opinion of the European economic and social committee on social tourism in Europe. Official Journal of the European Union, C 318, 67–77. European Commission. (2006). Opinion of the European economic and social committee on social tourism in Europe. Official Journal of the European Union, C 318, 67–77.
go back to reference Fodness, D. (1994). Measuring tourist motivation. Annals of Tourism Research, 21(3), 555–581. Fodness, D. (1994). Measuring tourist motivation. Annals of Tourism Research, 21(3), 555–581.
go back to reference Glover, P., & Prideaux, B. (2009). Implications of population ageing for the development of tourism products and destinations. Journal of Vacation Marketing, 15, 25. Glover, P., & Prideaux, B. (2009). Implications of population ageing for the development of tourism products and destinations. Journal of Vacation Marketing, 15, 25.
go back to reference Gonzalez, A. M., Rodriguez, C., Miranda, M. R., & Cervantes, M. (2008). Cognitive age as a criterion explaining senior tourists’ motivations. International Journal of Culture Tourism and Hospitality Research, 3(2), 148–164. Gonzalez, A. M., Rodriguez, C., Miranda, M. R., & Cervantes, M. (2008). Cognitive age as a criterion explaining senior tourists’ motivations. International Journal of Culture Tourism and Hospitality Research, 3(2), 148–164.
go back to reference Hellenic Statistical Authority. (2014). Greece in figures (pp. 33–35). Piraeus: Statistical Information and Publications Division. Hellenic Statistical Authority. (2014). Greece in figures (pp. 33–35). Piraeus: Statistical Information and Publications Division.
go back to reference Hong, G. S., Kim, S. Y., & Lee, J. (1999). Travel expenditure patterns of elderly households in the US. Tourism Recreation Journal, 24(1), 43–52. Hong, G. S., Kim, S. Y., & Lee, J. (1999). Travel expenditure patterns of elderly households in the US. Tourism Recreation Journal, 24(1), 43–52.
go back to reference Horneman, L., Carter, R., Wei, S., & Ruys, H. (2002). Profiling the senior traveler: An Australian perspective. Journal of Travel Research, 41, 23–37. Horneman, L., Carter, R., Wei, S., & Ruys, H. (2002). Profiling the senior traveler: An Australian perspective. Journal of Travel Research, 41, 23–37.
go back to reference Huang, L., & Tsai, H.-T. (2003). The study of senior traveler behavior in Taiwan. Tourism Management, 24(5), 561–574. Huang, L., & Tsai, H.-T. (2003). The study of senior traveler behavior in Taiwan. Tourism Management, 24(5), 561–574.
go back to reference Hudson, S. (2010). Wooing zoomers: Marketing to the mature traveler. Marketing Intelligence and Planning, 28(4), 444–461. Hudson, S. (2010). Wooing zoomers: Marketing to the mature traveler. Marketing Intelligence and Planning, 28(4), 444–461.
go back to reference Jang, S. C., & Ham, S. (2009). A double-hurdle analysis of travel expenditure: Baby boomer seniors versus older seniors. Tourism Management, 30, 372–380. Jang, S. C., & Ham, S. (2009). A double-hurdle analysis of travel expenditure: Baby boomer seniors versus older seniors. Tourism Management, 30, 372–380.
go back to reference Janini, G. (2003). Travel expenditures in 2000. Consumer Expenditure Survey Anthology 71–81. Janini, G. (2003). Travel expenditures in 2000. Consumer Expenditure Survey Anthology 71–81.
go back to reference Kapiki, S. (2012). The impact of economic crisis on tourism and hospitality: Results from a study in Greece, Central European review of economics and finance, 2(1), 19–30. Kapiki, S. (2012). The impact of economic crisis on tourism and hospitality: Results from a study in Greece, Central European review of economics and finance, 2(1), 19–30.
go back to reference Katz, D. (1960). The functional approach to the study of attitudes. Public Opinion Quarterly, 24(2), 163–204. Katz, D. (1960). The functional approach to the study of attitudes. Public Opinion Quarterly, 24(2), 163–204.
go back to reference Kim, J., Wei, S., & Ruys, H. (2003). Segmenting the market of west Australian senior tourists using an artificial neutral network. Tourism Management, 24, 25–34. Kim, J., Wei, S., & Ruys, H. (2003). Segmenting the market of west Australian senior tourists using an artificial neutral network. Tourism Management, 24, 25–34.
go back to reference Lazer, W. (1985). Inside the mature market. American Demographics, 7(3), 22–25. Lazer, W. (1985). Inside the mature market. American Demographics, 7(3), 22–25.
go back to reference Litrell, M. A., Paige, R. C., & Song, K. (2004). Senior travelers: Tourism activates and shopping behaviours. Journal of Vacation Marketing, 10(4), 348–362. Litrell, M. A., Paige, R. C., & Song, K. (2004). Senior travelers: Tourism activates and shopping behaviours. Journal of Vacation Marketing, 10(4), 348–362.
go back to reference Magnus, G. (2009). The age of ageing. Singapore: Wiley. Magnus, G. (2009). The age of ageing. Singapore: Wiley.
go back to reference Mahadevan, R. (2014). Understanding senior self-drive tourism in Australia using a contingency behavior model. Journal of Travel Research, 53(2), 252–259. Mahadevan, R. (2014). Understanding senior self-drive tourism in Australia using a contingency behavior model. Journal of Travel Research, 53(2), 252–259.
go back to reference McCabe, S., Joldersma, T., & Li, C. (2010). Understanding the benefits of social tourism: Linking participation to subjective well-being and quality of life. International Journal of Tourism Research, 12(6), 761–773. McCabe, S., Joldersma, T., & Li, C. (2010). Understanding the benefits of social tourism: Linking participation to subjective well-being and quality of life. International Journal of Tourism Research, 12(6), 761–773.
go back to reference Metz, D., & Underwood, M. (2005). Older, richer, fitter: Identifying the customer needs of Britain’s ageing population. London: Age Concern England. Metz, D., & Underwood, M. (2005). Older, richer, fitter: Identifying the customer needs of Britain’s ageing population. London: Age Concern England.
go back to reference Morgan, C., & Levy, D. (1993). Segmenting the mature market. Chicago: Probus. Morgan, C., & Levy, D. (1993). Segmenting the mature market. Chicago: Probus.
go back to reference Moschis, G. P. (2003). Marketing to older adults: An updated overview of present knowledge and practice. Journal of Consumer Marketing, 20(6), 516–525. Moschis, G. P. (2003). Marketing to older adults: An updated overview of present knowledge and practice. Journal of Consumer Marketing, 20(6), 516–525.
go back to reference Moschis, G. (1996). Life stages of the mature market. American Demographics (September). Moschis, G. (1996). Life stages of the mature market. American Demographics (September).
go back to reference Muller, T. E., & O’Cass, A. (2001). Targeting the young at heart: Seeing senior vacationers the way they see themselves. Journal of Vacation Marketing, 7(4), 285–301. Muller, T. E., & O’Cass, A. (2001). Targeting the young at heart: Seeing senior vacationers the way they see themselves. Journal of Vacation Marketing, 7(4), 285–301.
go back to reference Nickerson, N. P. (2000). Travel and recreation outlook 2000: Focusing on demographics. Montana Business Quarterly, 38(1). Nickerson, N. P. (2000). Travel and recreation outlook 2000: Focusing on demographics. Montana Business Quarterly, 38(1).
go back to reference Nimrod, G., & Rotem, A. (2010). Between relaxation and excitement: Activities and benefits gained in retirees’ tourism. International Journal of Tourism Research, 12(1), 65–78. Nimrod, G., & Rotem, A. (2010). Between relaxation and excitement: Activities and benefits gained in retirees’ tourism. International Journal of Tourism Research, 12(1), 65–78.
go back to reference Peterson, M. (2007). Effects of income, assets and age on the vacationing behavior of US consumers. Journal of Vacation Marketing, 13(1), 29–43. Peterson, M. (2007). Effects of income, assets and age on the vacationing behavior of US consumers. Journal of Vacation Marketing, 13(1), 29–43.
go back to reference Polyzos, S., & Saratsis, G. (2013). The geography and characteristics of tourism in Greece, the position and perspectives of Thessaly. In Greek Conference of Administration and Economy (pp. 10–30). Larissa: ESDO. Polyzos, S., & Saratsis, G. (2013). The geography and characteristics of tourism in Greece, the position and perspectives of Thessaly. In Greek Conference of Administration and Economy (pp. 10–30). Larissa: ESDO.
go back to reference Prayag, G. (2012). Senior travelers’ motivations and future behavioral intentions: The case Of Nice. Journal of Travel & Tourism Marketing, 29(7), 665–681. Prayag, G. (2012). Senior travelers’ motivations and future behavioral intentions: The case Of Nice. Journal of Travel & Tourism Marketing, 29(7), 665–681.
go back to reference Reece, W. R. (2004). Are senior leisure travellers different? Journal of Travel Research, 43(1), 11–18. Reece, W. R. (2004). Are senior leisure travellers different? Journal of Travel Research, 43(1), 11–18.
go back to reference Schulz, E., Radvansky, M. (2014). Impact of ageing populations on silver economy, health and long-term care workforce, NEUJOBS Policy Brief, No. D12.4. Schulz, E., Radvansky, M. (2014). Impact of ageing populations on silver economy, health and long-term care workforce, NEUJOBS Policy Brief, No. D12.4.
go back to reference Sedgley, D., Pritchard, A., & Morgan, N. (2011). Tourism and ageing: A transformative research agenda. Annals of Tourism Research, 38(2), 422–436. Sedgley, D., Pritchard, A., & Morgan, N. (2011). Tourism and ageing: A transformative research agenda. Annals of Tourism Research, 38(2), 422–436.
go back to reference Sellick, M. (2004). Discovery, connection, nostalgia: Key travel motives within the senior market. Journal of Travel & Tourism Marketing, 17(1), 55–71. Sellick, M. (2004). Discovery, connection, nostalgia: Key travel motives within the senior market. Journal of Travel & Tourism Marketing, 17(1), 55–71.
go back to reference Shoemaker, S. (1989). Segmentation of the senior pleasure travel market. Journal of Travel Research, 27(3), 14–21. Shoemaker, S. (1989). Segmentation of the senior pleasure travel market. Journal of Travel Research, 27(3), 14–21.
go back to reference Shoemaker, S. (2000). Segmenting the mature market: 10 years later. Journal of Travel Research, 39(1), 11–26. Shoemaker, S. (2000). Segmenting the mature market: 10 years later. Journal of Travel Research, 39(1), 11–26.
go back to reference Travel Industry Association of America (TIA). (2002). Mature traveler—Edition 2000 publication. Travel Industry Association of America. Travel Industry Association of America (TIA). (2002). Mature traveler—Edition 2000 publication. Travel Industry Association of America.
go back to reference Tung, V., & Ritchie, J. (2011). Investigating the memorable experiences of the senior travel market: an examination of the reminiscence bump. Journal of Travel & Tourism Marketing, 28, 331–343. Tung, V., & Ritchie, J. (2011). Investigating the memorable experiences of the senior travel market: an examination of the reminiscence bump. Journal of Travel & Tourism Marketing, 28, 331–343.
go back to reference Urhausen, J. (2008). Tourism in Europe: Does age matter? Industry, trade and services. Urhausen, J. (2008). Tourism in Europe: Does age matter? Industry, trade and services.
go back to reference Van Den Berg, P., Arentze, T., & Timmermans, H. (2011). Estimating social travel demand of senior citizens in the Netherlands. Journal of Transport Geography, 19, 323–331. Van Den Berg, P., Arentze, T., & Timmermans, H. (2011). Estimating social travel demand of senior citizens in the Netherlands. Journal of Transport Geography, 19, 323–331.
go back to reference Wang, K. C., Ma, A. P., Hsu, M. T., Jao, P. C., & Lin, C. W. (2013). Seniors’ perceptions of service features on outbound group package tours. Journal of Business Research, 66, 1021–1027. Wang, K. C., Ma, A. P., Hsu, M. T., Jao, P. C., & Lin, C. W. (2013). Seniors’ perceptions of service features on outbound group package tours. Journal of Business Research, 66, 1021–1027.
go back to reference Wang, K.-C., Chen, J., & Chou, S.-H. (2007). Senior tourists’ purchasing decisions in group package tour. Anatolia, 18(1), 23–42. Wang, K.-C., Chen, J., & Chou, S.-H. (2007). Senior tourists’ purchasing decisions in group package tour. Anatolia, 18(1), 23–42.
go back to reference World Tourism Organization & European Travel Commission. (2010). Demographic change and tourism. Madrid: World Tourism Organization & European Travel Commission. World Tourism Organization & European Travel Commission. (2010). Demographic change and tourism. Madrid: World Tourism Organization & European Travel Commission.
go back to reference Wu, C. M. E. (2003). An exploratory study of Taiwanese seniors’ travel motivations and travel behavior (PhD thesis). Manhattan, USA: Kansas State University. Wu, C. M. E. (2003). An exploratory study of Taiwanese seniors’ travel motivations and travel behavior (PhD thesis). Manhattan, USA: Kansas State University.
go back to reference You, H., & O’Leary, J. T. (2000). Age and cohort effects: An examination of older Japanese travellers. Journal of Travel & Tourism Marketing, 9(1/2), 21–42. You, H., & O’Leary, J. T. (2000). Age and cohort effects: An examination of older Japanese travellers. Journal of Travel & Tourism Marketing, 9(1/2), 21–42.
go back to reference Zimmer, Z., Brayley, R. E., & Searle, M. S. (1995). Whether to go and where to go: Identification of important influences on senior & decisions to travel. Journal of Travel Research, 33(3), 3–10. Zimmer, Z., Brayley, R. E., & Searle, M. S. (1995). Whether to go and where to go: Identification of important influences on senior & decisions to travel. Journal of Travel Research, 33(3), 3–10.
Metadata
Title
Is Silver Economy a New Way of Tourism Potential for Greece?
Authors
Dimitrios Kyriakou
Dimitrios Belias
Copyright Year
2017
DOI
https://doi.org/10.1007/978-3-319-47732-9_28