nep-tur New Economics Papers
on Tourism Economics
Issue of 2022‒02‒28
two papers chosen by
Laura Vici
Università di Bologna

  1. Urban cycling tourism. How can bikes and public transport ride together for sustainability? By Daniele Crotti; Elena Maggi; Evangelia Pantelaki
  2. Exchange Rate Elasticities of International Tourism and the Role of Dominant Currency Pricing By Ding Ding; Mr. Yannick Timmer

  1. By: Daniele Crotti (University of Insubria); Elena Maggi (University of Insubria); Evangelia Pantelaki (University of Insubria)
    Abstract: In the last years, sustainable travels have included bike tourists visiting cities to enjoy cultural and urban environments. Yet, when considering cycling tourists’ intra-destination trips by motorized vehicles, the extent of greenhouse gas (GHG) emissions could reduce the sustainability of those tourism experiences. In this paper we study the bike tourists’ choice of visiting urban places and of using greener transport means, such as public transportation. By using 858 observations from an on-line survey on bike tourism in 2020 in Italy, we develop a bivariate probit model, considering socio-demographics, bike-related factors, travel characteristics, and the evaluation of cycling and accommodation features at destination. The odds of visiting cities are positively affected by travel features, e.g., picking foreign countries, travel groups, the length of stays, the availability of commercial and bike recovery services, but also negatively by road traffic. Notably, using public transportation is more likely for longer daily trips by bike, for low-cost tourists lodging in B&Bs, and for those having a higher sensitivity to bike-related services. Since we statistically found a linkage between the two choices, from a destination management perspective, our results support the sustainability claim for policies affecting them simultaneously.
    Keywords: Sustainable travels, Cycling holidays, Urban tourism, Public transportation, Bivariate probit
    JEL: C25 L92 O18 Q56 R41 Z32
    Date: 2022–01
  2. By: Ding Ding; Mr. Yannick Timmer
    Abstract: We estimate a variety of exchange rate elasticities of international tourism. We show that, in addition to the bilateral exchange rate between the tourism origin and destination countries, the exchange rate vis-à-vis the US dollar is also an important driver of tourism flows and pricing. The effect of US dollar pricing is stronger for tourism destination countries with higher dollar borrowing, indicating a complementarity between dominant currency pricing and financing. Country-specific dominant currencies (CSDCs) play only a minor role for the average country, but are important for tourism-dependent countries and those with a high concentration of tourists. The importance of the dollar exchange rate represents a strong piece of evidence of dominant currency pricing (DCP) in the international trade of services and suggests that the benefits of exchange rate flexibility for tourism-dependent countries may be weaker than previously thought.
    Keywords: International tourism; trade of services; exchange rate elasticity; dominant currency pricing; dominant currency financing
    Date: 2022–02–04

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