Business tourism spending in eurozone countries: Detecting for convergence trends

Abstract

The paper detects for convergence trends in terms of per capita business tourism spending among the Eurozone countries. The paper employs the methodological approach of gaps’ convergence clubs, and covers the period 2001-2018. The findings point to clear trends of convergence, indicating that business tourism seems to alleviate spatial externalities in the Eurozone economic space. This calls for a set of well-targeted and carefully-designed policy interventions focusing on promoting – and reaping the benefits of – business tourism. © Varna University of Management. All rights reserved.