|
on Tourism Economics |
| By: | Roberto Patuelli (Department of Economics, University of Bologna, Italy; The Rimini Centre for Economic Analysis (RCEA), Italy); Maurizio Mussoni (Department of Economics, University of Bologna, Italy; The Rimini Centre for Economic Analysis (RCEA), Italy); Guido Candela (Department of Economics, University of Bologna, Italy) |
| Abstract: | Culture is more and more considered as an important driver of tourism. However, it is critical, for policymakers, to evaluate the potential returns from investments in culture and generally cultural offer, in particular in multiregion settings with a potentially inefficient distribution of cultural offer. Our paper focuses on the role of distance (between the tourist’s origin and destination regions) in mediating the tourism impact of cultural offer. This research question is investigated by means of a spatial interaction model, applied to the case of Italian domestic tourism. We find that distance indeed matters: a destination’s endowment in culture appears to be more attractive for long-distance tourists, while an origin region’s endowment seems to dinsincentivate long-distance trips to a greater extent. |
| Keywords: | cultural offer; domestic tourism; spatial interaction model; distance; spatial competition |
| JEL: | C23 L83 R12 Z10 |
| Date: | 2014–05 |
| URL: | http://d.repec.org/n?u=RePEc:rim:rimwps:14_14&r=tur |
| By: | Jianjun Sun (College of Tourism Hainan University,China); Su Zhang (School of Economics, Central University of Finance and Economics, China); Nobuyoshi Yamori (Research Institute for Economics & Business Administration (RIEB), Kobe University, Japan) |
| Abstract: | China's Hainan Island has a rich diversity of attractions and opportunities for nature-based tourism, outdoor recreation, and sporting activities. Moreover, Hainan Island has a natural and socioeconomic base and environment, hosting the implementation of a tourism industrial policy. On December 31, 2009, China's State Council announced to the world the national policy of the establishment of Hainan International Tourism Island. Hence, China's Hainan Island is well suited for investigating the announcement effects of regional tourism industrial policy on the market values of firms in a tourist destination region. Based on a sample of 19 listed firms in Hainan, or Hainan concept firms, consisting of various industries, we explore the announcement effects of the national policy of Hainan International Tourism Island using an event-study approach. Two statistical methods, mean adjusted and market-model adjusted, are employed to calculate the daily abnormal returns and the cumulative abnormal returns. The results with and without considering the clustering issue show that, first, the averages of (standardized) accumulative abnormal returns are not different from zero prior to the announcement; second, the (standardized) accumulative abnormal returns of Hainan concept stock continuously go up over trading days after the announcement of a regional tourism industrial policy. As a robustness check, we also investigate the effect of the policy on Guangdong concept listed firms. We find no significant impacts of the policy announcement on the Guangdong concept listed firms. In sum, these findings indicate that regional tourism industrial policy is valuable not only to the tourism industry in the destination region but also to other industries in that region. |
| Keywords: | Announcement effects, Tourism, Regional industrial policy, Tourism industrial identity, Hainan |
| JEL: | O25 R11 |
| Date: | 2014–07 |
| URL: | http://d.repec.org/n?u=RePEc:kob:dpaper:dp2014-29&r=tur |
| By: | Isabelle Laplace (M3 Systems - M3 Systems); Nathalie Lenoir (LEEA - ENAC - Laboratoire d'Economie et d'Econométrie de l'Aérien - Ecole Nationale de l'Aviation Civile - PRES Université de Toulouse); Christine Cassan (Elysées Consulting - Elysées Consulting) |
| Abstract: | The purpose of the DEMAND 2025 study is to explore what can be assumed today about the main features of the demand for leisure air transport in 2025 ? leisure meaning all travel purposes except business, i.e. when the expense is a discretionary choice. An original methodology has been devoted to the study, and applied to the case of the French population, one of the top 5 European populations for leisure air traffic in EU15 in 2003.Determining how leisure air travel demand will evolve in the future requires an understanding of how passengers make their decisions to travel and how their behaviour and needs will evolve. That is why two complementary approaches have been used in this study: an economic approach and a sociological approach, using the EUROCONTROL STATFOR scenarios for the description of the general context in 2025.This innovative methodology has provided answers to two categories of questions: |
| Keywords: | air travel;leisure;demand features;scenarios |
| Date: | 2014–07–15 |
| URL: | http://d.repec.org/n?u=RePEc:hal:wpaper:hal-01021533&r=tur |
| By: | Martin P. Brosnan; David Levinson (Nexus (Networks, Economics, and Urban Systems) Research Group, Department of Civil Engineering, University of Minnesota) |
| Abstract: | Using detailed travel surveys conducted by the Metropolitan Council of the Minneapolis/St Paul (Twin Cities) Region in Minnesota for 1990, 2000-2001, and 2010-2011, this paper conducts a detailed analysis of journey-to-work times, activity allocation and accessibility. This study corroborates previous studies showing that accessibility is a significant factor in commute durations. Adjusting land use patterns to increase the number of workers in job-rich areas and the number of jobs in labor-rich areas is a reliable way of reducing auto commute durations. The finding that accessibility and commute duration have a large affect on the amount of time spent at work shows that activity patterns are influenced by transportation and the urban environment in very impactful ways. The descriptive results of this analysis show a measurable decline in the time people spend outside of their homes as well as the amount of time people spend in travel over the past decade. Although trip distances per trip are not getting any shorter, the willingness to make those trip is declining, and as a result fewer kilometers are being traveled and less time on average is being allocated to travel. |
| Keywords: | Accessibility, Transport Geography, Travel Behavior, Networks |
| JEL: | R40 |
| Date: | 2014 |
| URL: | http://d.repec.org/n?u=RePEc:nex:wpaper:accessibilityandtheallocationoftime&r=tur |