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policies have had significant impacts on Japan's inbound tourism demand in the long run. In the short run, natural disasters …In this paper, we review developments in Japanese inbound tourism and investigate the main determinants of its rapid … growth prior to the COVID-19 pandemic. Using a panel autoregressive distributed lag (ARDL) model with data on 34 tourism …
Persistent link: https://www.econbiz.de/10012301934
We estimate a variety of exchange rate elasticities of international tourism. We show that, in addition to the … bilateral exchange rate between the tourism origin and destination countries, the exchange rate vis-a-vis the US dollar is also … an important driver of tourism flows and pricing. The effect of US dollar pricing is stronger for tourism destination …
Persistent link: https://www.econbiz.de/10013170287
This paper develops a gravity model framework to estimate the impact of infectious diseases on bilateral tourism flows … among 38,184 pairs of countries over the period 1995-2017. The results confirm that international tourism is adversely … tourism flows to advanced economies, the magnitude and statistical significance of the impact of infectious diseases are much …
Persistent link: https://www.econbiz.de/10012252260
The widespread availability of internet search data is a new source of high-frequency information that can potentially improve the precision of macroeconomic forecasting, especially in areas with data constraints. This paper investigates whether travel-related online search queries enhance...
Persistent link: https://www.econbiz.de/10012170113
The paper estimates the impact of macroeconomic supply- and demand-side determinants of tourism, one of the largest … dataset comprising the full universe of bilateral tourism flows spanning over a decade. The results show that the gravity … model explains tourism flows better than goods trade for equivalent specifications. The elasticity of tourism with respect …
Persistent link: https://www.econbiz.de/10014411223
home, and consumption of tourism services across monopolistically competitive destinations abroad is presented. The model … tourist destinations. Estimates suggest median tourism arrivals decline by at least three to five percent in res …
Persistent link: https://www.econbiz.de/10009487105
Persistent link: https://www.econbiz.de/10010388732
tourism for a number of PICs. Moreover, if a strong two-way linkage is established between tourism and agriculture, Pacific …
Persistent link: https://www.econbiz.de/10012671844
The Cuban revolution and the subsequent US embargo on Cuba helped shape the tourism sector in the Caribbean …, facilitating the birth and growth of alternative destinations. Therefore, the apprehension of the Caribbean tourism industry … towards a change in US travel policy to Cuba is understandable, but likely unwarranted. The history of tourism in the region …
Persistent link: https://www.econbiz.de/10011704403
home, and consumption of tourism services across monopolistically competitive destinations abroad is presented. The model … tourist destinations. Estimates suggest median tourism arrivals decline by at least three to five percent in response to a one …. Estimates of the elasticity of substitution suggest that tourism demand is highly price sensitive, and that a variety of costs …
Persistent link: https://www.econbiz.de/10014402905