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on Tourism Economics |
| By: | Veronica Leoni; David Boto-García |
| Abstract: | This paper studies the short-term impact of a volcano eruption on tourism demand, supply, and hospitality labour in La Palma (Spain), an island economy that is highly dependent on the tourism sector. Based on a monthly panel dataset at the touristic zone level, we use Seemingly-Unrelated Difference-in-Differences (SUR-DiD) to identify the distinct responses of these three outcomes during and post eruption. Potential spillover effects on nearby islands are also examined. We find that, in La Palma Island, the volcano produced significant but asymmetrical drops in international demand, number of hotels and hospitality workers both during and after the eruption. |
| JEL: | Q50 Q54 Z30 |
| Date: | 2022–11 |
| URL: | http://d.repec.org/n?u=RePEc:bol:bodewp:wp1177&r=tur |
| By: | Mallick, Sanmoy; Mitra, Professor Debabrata; Ghosh, Dr Amlan |
| Abstract: | Tourism is the fastest rising around the world and it affects the economic and social growth of every country. To develop tourism and to provide the best possible facilities to tourists, investment in the tourism sector is highly needed. Many times it has been observed that investors are ready to invest in the tourism sector but they don’t have a clear road map. The main problem is ‘where to invest, will the place of investment mean the tourist destination will give them the expected Return on Investment (ROI) or not? In this study based on existing literature and studies, the selection of tourist destinations for investors before their investments have been examined and a simplified model has been suggested. Before investing, the selection of tourist destinations is very important. Investments in tourism have a direct impact on income and employment. Tourism investors and tourism researchers may consider the proposed major and sub-criteria of the tourist destinations. |
| Keywords: | tourism, tourism investment, Return on Investment, Criteria, model |
| JEL: | L83 O21 |
| Date: | 2021 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:115369&r=tur |