This paper analyses how German tourists react to unanticipated shocks that alter their risk perception of selected tourism destinations. Using a difference-in-difference strategy which flexibly accounts for macroeconomic conditions and also addresses potential problems of serial correlation, we...

Introduction : a paradise globalized -- The importance of tourism -- A brand created -- Bali's global villages -- Street traders and entrepreneurs -- Global, local encounters -- World heritage as globalization -- Bali during the Asian crisis -- The 2002 Bali bombings crisis -- Global conflict...