Articles | Volume 21, issue 1
https://doi.org/10.5194/nhess-21-417-2021
https://doi.org/10.5194/nhess-21-417-2021
Research article
 | 
29 Jan 2021
Research article |  | 29 Jan 2021

Assessing the impact of explosive eruptions of Fogo volcano (São Miguel, Azores) on the tourism economy

Joana Medeiros, Rita Carmo, Adriano Pimentel, José Cabral Vieira, and Gabriela Queiroz

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Latest update: 25 Feb 2024
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Short summary
This study proposes a new approach to accessing the economic impact of explosive eruptions on the tourism sector on São Miguel Island, which uses the loss present value method to estimate the benefits generated by accommodation units over 30 years for different scenarios. The results reveal that in a near-total-destruction scenario, the economic loss is ~ EUR 145 million. This method can be adapted to other volcanic regions and also to other geological hazards and economic sectors.
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