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on Tourism Economics |
| By: | António Rua; Carlos Melo Gouveia; Nuno Lourenço |
| Abstract: | Along with the deepening of globalization and economic integration, economic agents face the challenge on how to extract useful information from large panels of data for forecasting purposes. Herein, we lay out a modelling strategy to explore the predictive content of large datasets for tourism forecasting. In particular, we assess the role of multi-country datasets to nowcast and forecast tourism by resorting to factor models with targeted predictors to cope with such a data-rich environment. Drawing on business and consumer surveys for Portugal and its main tourism source markets, we document the usefulness of factor models to forecast tourism exports up to several months ahead. Moreover, we find that forecast performance is enhanced if predictors are chosen before factors are estimated. |
| JEL: | C53 F47 |
| Date: | 2020 |
| URL: | http://d.repec.org/n?u=RePEc:ptu:wpaper:w202005&r=all |
| By: | Stefan Gössling (Linnaeus University); Sébastien Fernandez (University of Applied Sciences of Western Switzerland); Carlos Martin-Rios (University of Applied Sciences of Western Switzerland); Susana Reyes (Universidad Pablo de Olivade); Valérie Fointiat (LPS - Laboratoire de Psychologie Sociale - AMU - Aix Marseille Université); Rami Isaac (Breda University of Apllied Sciences); Merete Lunde (Western Norway Research Institute [Sognda]) |
| Abstract: | Tipping is a social norm in many countries and has important functions as a source of income, with significant social welfare effects. Tipping can also represent a form of lost tax revenue, as service workers and restaurants may not declare all cash tips. These interrelationships remain generally insufficiently understood. This paper presents the results of a comparative survey of resident tipping patterns in restaurants in Spain, France, Germany, Switzerland, Sweden, Norway, and the Netherlands. ANOVA and ANCOVA analyses confirm significant variation in tipping norms between countries, for instance with regard to the frequency of tipping and the proportion of tips in relation to bill size. The paper discusses these findings in the context of employment conditions and social welfare effects, comparing the European Union minimum wage model to gratuity-depending income approaches in the USA. Results have importance for the hospitality sector and policymakers concerned with social welfare. |
| Keywords: | Economic value,minimum wage,restaurants,service gratuity,social welfare,tipping |
| Date: | 2020–03 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-02546589&r=all |
| By: | Tran, Trung Vinh; Vo Thi, Quynh Nga; Nguyen, Phuc Nguyen |
| Abstract: | The main purpose of this study is to examine the causal relationships between components of customer-based brand equity for a tourist destination. We have collected data from 252 South Korean tourists in Danang City and tested some hypotheses by applying structural equation modeling (SEM). Results show that: (1) destination brand awareness has a significant and positive effect on destination brand image, but not on destination perceived quality and destination brand loyalty; (2) destination brand image has positive and direct influences on destination perceived quality and destination brand loyalty; and (3) destination perceived quality has significant positive impacts on destination brand loyalty. Lastly, these findings have managerial implications for decision makers. |
| Keywords: | Customer-based brand equity; Destination; South Korean tourist; Danang. |
| JEL: | C0 C01 M31 |
| Date: | 2020–04–23 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:99807&r=all |