nep-tur New Economics Papers
on Tourism Economics
Issue of 2018‒10‒08
three papers chosen by
Laura Vici
Università di Bologna

  1. The Effects of Hotel Development on Tourism industry: Evidence Iran By khanalizadeh, bahman; kakaei, hamid; daneshzad, ali
  2. Does CSR contribute to the development of rural young people in cultural tourism of sub-Saharan Africa? Evidence from the Niger Delta in Nigeria By Uduji, Joseph; Okolo-Obasi, Elda; Asongu, Simplice
  3. Could Airbnb in Hong Kong be responsible for higher housing rents in Hong Kong? By Ervi Liusman; Sotiris Tsolacos

  1. By: khanalizadeh, bahman; kakaei, hamid; daneshzad, ali
    Abstract: Given the increasing number of international tourists and the growing role of the tourism industry in the economies of the country, identification of effective factors in attracting international tourists is more than necessary. Governments and the private sector need to identify the factors affecting the tourism industry in order to develop, compete and survive in the tourism industry. Therefore, the purpose of this study is to investigate factors affecting the attraction of international tourists to Iran using the ARDL test for the years 2015 to 1983. Therefore, the results of this study showed that the effect of all variables hotel development, merchandise trade, real exchange rate and real gross domestic product on international tourism In Iran, in the long-term and short-term positive and also bilateral relationship is between them. Also, the greatest impact on the increase in the number of tourists entering Iran is the real effective exchange rate and real GDP.
    Keywords: Hotel development; Real exchange rate; Tourism industry; ARDL; IRAN
    JEL: M21 O47
    Date: 2018
  2. By: Uduji, Joseph; Okolo-Obasi, Elda; Asongu, Simplice
    Abstract: Handicrafts are key cultural products consumed in the Nigeria’s tourism industry. Owing to low entry barriers, as handicrafts require a low level of capital investment, there is potential to develop viable linkages between tourism and local handicrafts sectors that create economic opportunities for local artisans. Thus, we assess the impact of a new corporate social responsibility (CSR) model of multinational oil companies on the development of rural young people (RYP) in cultural tourism in the Niger Delta of Nigeria. Six hundred RYP were sampled across the rural Niger Delta region. Using the logit model, results indicate that RYP have remained widely excluded from the General Memorandum of Understandings (GMoUs) interventions in cultural tourism projects due to the traditional beliefs that cultural affairs are prerogatives of elders, a caveat to the youths. This implies that if the traditions of the communities continue to hinder direct participation of the RYP from the GMoUs cultural tourism project interventions, achieving equality and cultural change would be limited in the region. The findings suggest that since handicrafts are key cultural products consumed in the tourism industry, GMoUs can play a role in helping to create an appropriate intervention structure that will be targeted towards youth empowerment in the area of traditional handicraft. This can be achieved if the Cluster Development Boards (CDBs) would focus on integrating rural young artisans into local tourism value chains and ensuring that they benefit economically from the sector. The CDBs should aim at creating space for the views of rural young indigenous people’s handicrafts; emphasizing the value of indigenous knowledge, particularly on arts and crafts for tourists and expatriate in multinational corporations in Nigeria.
    Keywords: Inequality, cultural tourism, handicrafts, corporate social responsibility, multinational oil companies, rural young people, sub-Saharan Africa
    JEL: O1 O55 Q00
    Date: 2018–01
  3. By: Ervi Liusman; Sotiris Tsolacos
    Abstract: The sharing economy, also known as collaborative consumption or peer economy, has grown rapidly thanks to technology innovation and supply-side flexibility. The growth of sharing platform of Airbnb, one of the pioneers of the share economy, allows suppliers to supply underutilized short-term accommodation. At the demand side, consumers eagerly welcome these services due to fee sharing benefit. Since its introduction in 2008, more than 50 million guests has utilized its service. Its growth in fact has brought disruption to the hotel industry, particularly those targeting budget customers and non-business travelers. In some cities, Airbnb not only interrupt hotel industry, but also upset its housing market. Some academics argue that Airbnb has triggered the upswing in the accommodation cost for local renters as some landlords has switched from providing long-term housing into short-term housing to non-residents tourists due to higher short-term rental rate they can offer. Others argue that local renters lease up long-term housing from landlord and turn it into short-term housing to generate profit. All these prompts an increase in housing rents. In this paper, we use Hong Kong as our case to empirically test whether Airbnb is responsible for higher housing rents. We hypothesize that the impact of Airbnb may not be of significance in Hong Kong the result of a small market for short-term rental as opposed to the market for long-term rental. There is an actual strong demand from local residents to occupy the space rather than lease it to non-residents tourists. We attempt to examine these hypotheses empirically. Two methodologies appear pertinent to study the likely impact of Airbnb on rental levels. Using time series data it is expected that a model containing fundamental determinants of rents would lose some of its capacity in explaining rent movements if Airbnb is a new significant driver of residential rents not accounted for. Hence such a fundamentals model will lose some of its explanatory power and make larger errors as Airbnb expands. The second approach is a hedonic framework in which rents are examined with reference to key housing characteristics and Airbnb rentals. The latter approach has major data requirements. This analysis provides the initial steps for a fuller treatment of the impact of Airbnb on residential rents in Hong Kong and makes direct contributions to the relevant international literature.
    Keywords: Airbnb; Housing rents; Sharing Economy; time-series analysis
    JEL: R3
    Date: 2018–01–01

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