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on Tourism Economics |
| By: | Batabyal, Amitrajeet; Yoo, Seung Jick |
| Abstract: | How does the phenomenon of preference matching by tourists affect their choice between two possible destinations? We study this question. It costs less (more) to vacation in destination A (B). Tourists choose to either vacation in A or B. They differ in their incomes. These incomes are uniformly distributed on the unit interval. Our analysis leads to four results. First, when the cost differential parameter satisfies a particular condition, both destinations are visited in the equilibrium. Second, when this parametric condition holds, in any equilibrium in which the mean income of the tourists varies across the two destinations, every tourist vacationing in A has a lower income than every tourist vacationing in B. Third, there exists an income cutoff point and all tourists with lower (higher) incomes choose to vacation in A (B). Finally, in the equilibrium with income sorting, it is possible to make all tourists better off by modifying their destination choices. |
| Keywords: | Destination Choice, Income, Preference Matching, Tourism, Uncertainty |
| JEL: | D81 L83 |
| Date: | 2020–03–30 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:100113&r=all |
| By: | Sinha, Avik; Driha, Oana; Balsalobre-Lorente, Daniel |
| Abstract: | This paper shows the bilateral association between tourism development and inequality in per capita availability of water. The study is conducted on the countries with high tourism receipt, and thereafter, this study shows whether the directions of tourism development in these countries are going to be sustainable, or not. In order to achieve this, we have used tourism investment and tourism receipt as two indicators of tourism development, and have assessed their differential impacts on the disparity in water availability by applying DOLS and causality analysis approach. The results divulge long run impact of tourism on inequality in per capita availability of water, along with the presence of bidirectional causal association among the tourism development and inequality parameters. We show the impact of tourism on the regional disparity in distribution of water that can appear due to the differential approach taken towards tourism development. |
| Keywords: | Inequality in Water Availability, Tourism Development, Theil Index |
| JEL: | Q5 Q57 |
| Date: | 2020 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:100093&r=all |
| By: | Thams, Andreas; Zech, Nicola; Rempel, David; Ayia-Koi, Albert |
| Abstract: | The tourism and hospitality industry currently faces one of its most serious operational, commercial, and financial crises as a result of the worldwide spread of COVID-19. Both destinations and source markets are substantially affected and have suspended operations and commercial activities. Major market players in all areas of the touristic value chain, i.e., airlines, tour operators, hotels, cruise lines, and retailers, have either minimized or even completely stopped their production for an undefined period of time, resulting in the sudden and total cut-off of their revenue streams. This paper will comprehensively highlight in an initial assessment economic impacts and operational challenges for the tourism and hospitality industry caused bv the from COVID-19 crisis. General and mostly European-centered perspectives are supplemented by an African insight represented by a Ghanaian case-study. |
| Keywords: | COVID-19,tourism industry,travel industry,hospitality management,economic impact,operational challenges,crisis management |
| Date: | 2020 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:iubhht:22020&r=all |
| By: | Sharif, Arshian; Saha, Shrabani; Campbell, Neil; Sinha, Avik; Ibrahiem, Dalia M. |
| Abstract: | International tourism as a cause of global warming is a controversial and topical issue. Here, we use the novel Morlet wavelet time-frequency approach to gain insight into the dynamic nexus between tourism, renewable energy consumption, energy consumption and carbon dioxide emissions for China using annual data over the period 1974-2016. The techniques we use include continuous wavelet power spectrum, the wavelet coherency, and the partial and the multiple wavelet coherence for time-frequency decomposition that can capture local oscillatory components in time series. Our findings support the hypothesis that tourism can cause increased energy consumption and carbon dioxide emissions in China, which challenges the sustainable tourism development goal. However, on the positive side, the relationship between tourism and renewable energy consumption is shown to facilitate reduced environmental degradation in the medium-long run. |
| Keywords: | Energy consumption; renewable energy; CO2 emission; tourism; partial and multiple wavelet coherence; country study |
| JEL: | L8 L83 |
| Date: | 2020 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:99985&r=all |
| By: | Mishra, Shekhar; Sinha, Avik; Sharif, Arshian; Mohd Suki, Norazah |
| Abstract: | The present paper endeavors to analyze and provide fresh insights from the dynamic association between tourism, transportation, economic growth and carbon emission in the United States. The analysis employs a novel Morlet’s Wavelet Approach. Precisely, the paper implements Partial and Multiple Wavelet Coherence techniques to the monthly data spanning from 2001-2017. From the frequency domain point of view, the study discovers remarkable wavelet coherence and robust lead and lag linkages. The analysis discovers significant progress in variables over frequency and time. The variables display strong but inconsistent associations between them. There exist a strong co-movement among the variables considered, which is not equal across the time scales. The study may help the policymakers and regulars to devise strategies and formulate policies pertaining to tourism development, which can contribute towards environmentally sustainable economic growth. |
| Keywords: | Tourism; Transportation; CO2 Emissions; Partial Wavelet Coherence; Multiple Wavelet Coherence |
| JEL: | L8 L83 |
| Date: | 2020 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:99984&r=all |