“…Under this presumption, the same level of benefits can be achieved with a high daily per capita expenditure and a low volume of tourists or, alternatively, with a high volume of tourists and a low level of daily per capita expenditure. In short, from a macro perspective, the analysis of tourism expenditure allows: i) to measure the multiplier effect that the activity contributes to the economy as a whole, ii) to identify how income is distributed along the value chain and therefore its contribution to local and regional growth (Noguera Tur et al, 2015), iii) to assess the return of tourist activity in a destination, and iv) to study the evolution of demand in a given period (Nicolau & Mas-Ruiz, 2007;Narváez & Fernández, 2010;Varisco, 2018). Accordingly, strategies can be planned to improve the positioning of the destination, gain the target public, segment the market, and design public policies (Park et al, 2019).…”