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on Tourism Economics |
| By: | Ilyes Boumahdi; Nouzha Zaoujal |
| Abstract: | The purpose of this article is to explore the opportunity of recent and detailed unconventional data from the tourism sector collected from {\guillemotleft} Booking.com {\guillemotright} to make a finer and more up-to-date analysis than that established by conventional data, particularly, at the territorial level of North Africa. We extracted and geolocalised about 40 variables of different types covering 1852 accommodations on Booking.com to analyze the characteristics of territorial tourist offer of the six North African countries (10 of 12 Moroccan regions, 3 of 13 Mauritanian Wilayas, 26 of 48 Algerian Wilayas, 13 of 24 Tunisian Governorates, 1 region of Libya, 15 of 27 Egyptian Mohafazats). Then, we used a random sample of 10% of the most recent appreciations of nearly 606000 tourists of the three most dynamic destinations (Marrakech-Safi, Tunis, Cairo) by analyzing the feelings of their comments with a differentiation according origin of tourists. We concluded that the accommodation offer of the territories of North Africa is very diversified and unclassified offers are slightly better appreciated compared to those classified. The coastal regions have higher prices compared to the interior of the countries and quality-price appreciation of North African regions is below their overall ratings. |
| Date: | 2025–04 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2504.19539 |
| By: | Laura Rouch (UR LESSEM - Laboratoire des EcoSystèmes et des Sociétés en Montagne - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - Fédération OSUG - Observatoire des Sciences de l'Univers de Grenoble - UGA - Université Grenoble Alpes); Emmanuelle George (UR LESSEM - Laboratoire des EcoSystèmes et des Sociétés en Montagne - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - Fédération OSUG - Observatoire des Sciences de l'Univers de Grenoble - UGA - Université Grenoble Alpes) |
| Abstract: | In the context of adapting to global changes, the diversification of the tourist offer seems to be a solution for the mid-mountain areas, which are structured around and dependent on ski tourism. However, it remains unclear how tourism diversification occurs, what forms it can take and what it produces at a territorial scale. In this study, we apply a theory of regional diversification to the case of tourism in order to examine tourism diversification paths. We base our analysis on qualitative data collected on two French study areas: the intercommunities of the massif du Sancy and of the Haut-Chablais. Our results show a pattern in tourism diversification paths, following three steps that can lead to the abandonment of the perimeter of the ski resort. However, among the different types of tourism diversification trajectories, only a saltation form of tourism diversification can lead to the establishment of a larger and more diversified tourism system. Our findings also show that several types of tourism diversification paths can coexist at a territorial scale. |
| Keywords: | Diversification trajectory, Mountain tourism, ski tourism transformation, Territorial approach, Evolutionary economic geography |
| Date: | 2023–11–12 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-05006906 |
| By: | Gopalakrishnan , Badri Narayanan (Infinite Sum Modelling LLC); Domingo , Ma. Veronica (Asian Development Bank); Basu Das , Sanchita (Asian Development Bank) |
| Abstract: | The study analyzes the impact of changes in outbound tourism from the People’s Republic of China (PRC) on the subregions of Asia and the Pacific—Southeast Asia, East Asia, South Asia, Central and West Asia, and the Pacific. It conducts three simulations to understand the broader economic and sectoral impacts of: 1) the expansion of outbound tourism from the PRC from 2017 to 2018; 2) its slump in 2020 due to the COVID-19 pandemic; and 3) its cautious recovery from 2021 to 2022. The study broadly finds that gross domestic product (GDP) and export gains for Asia and the Pacific subregions are notable when the number of outbound tourists is high, i.e., prior to the pandemic and later in 2021–2022, and again when the PRC slowly opened its borders. Conversely, GDP and export losses are notable when outbound tourism fell in 2020 due to pandemic. Sectoral impacts are heterogenous, and the impact on exports is not necessarily aligned with that on GDP, because there are trade diversions and sectoral resource diversions that mute the impact going from exports to GDP. Given these dependencies on the PRC’s outbound tourism, the study suggests that economies in Asia and the Pacific consider diversifying their source markets through travel facilitation and better connectivity. |
| Keywords: | outbound tourism; exports; GDP; sectors; GTAP; Asia and the Pacific; People’s Republic of China |
| JEL: | C68 F14 Z30 |
| Date: | 2025–05–21 |
| URL: | https://d.repec.org/n?u=RePEc:ris:adbewp:0782 |
| By: | Canan Yüksel Yücel (Central Bank of the Republic of Türkiye, İstanbul, Turkey); Erol Taymaz (Department of Economics, Middle East Technical University, Ankara, Turkey) |
| Abstract: | This study examines the impact of domestic outsourcing on the wages of workers performing outsourced tasks in Türkiye, using an administrative employee-employer linked dataset. Outsourcing events are identified by tracking worker flows across firms with specific properties. Unlike existing studies, our dataset incorporates buyer-supplier transactions, enabling us to confirm that a relationship between the predecessor and successor firm begins following the outsourcing event. This improves our ability to identify outsourcing events, which we use to explore wage effects of both high-skilled and low-skilled outsourcing. Our findings indicate that low-skilled workers experience wage losses from domestic outsourcing, while high-skilled, professional workers benefit, suggesting that domestic outsourcing may be one of the factors contributing to rising wage inequality. |
| Keywords: | Sanctions, Tourism, Foreign policy, Firm behavior |
| JEL: | F51 L25 L83 |
| Date: | 2025–05 |
| URL: | https://d.repec.org/n?u=RePEc:met:wpaper:2502 |
| By: | Dwumfour, Richard Adjei; Pan, Lei; Nsafoah, Dennis |
| Abstract: | This paper investigates the spillover dynamics, hedging and portfolio optimisation strategies among tourism, cryptocurrency, and Fintech markets within a time-varying connectedness framework, accounting for spillovers from traditional financial markets. Using daily return indices, we document significant heterogeneity in spillovers over time, with the COVID-19 period exhibiting the highest levels of interconnectedness. Traditional financial markets emerge as the dominant net transmitters of spillovers, followed by the Fintech sector, while the tourism market is predominantly a net receiver. Cryptocurrency assets, despite offering the least expensive hedge, are ineffective hedging instruments, whereas tourism assets offer the most cost-effective and efficient hedge for cryptocurrencies, albeit at elevated risk levels. While sectoral hedges are generally costlier and less effective due to strong co-movements, cross-sectoral hedges between Fintech and traditional financial markets were also expensive and ineffective. Our analysis further reveals that dynamic bilateral portfolio weight strategies consistently outperform dynamic hedge ratio strategies, with cryptocurrency assets driving superior portfolio returns. The minimum connectedness portfolio strategy, grounded in our framework, outperforms traditional minimum variance and correlation portfolio strategies, underscoring its relevance for optimizing risk-adjusted returns in dynamic markets. |
| Keywords: | Fintech, Cryptocurrency, Blockchain, Tourism, Bitcoin, Portfolio |
| JEL: | E42 G11 G15 G32 |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:124157 |