Pub Date : 2023-01-01DOI: 10.3727/108354223x16787457804410
Yao-Tsung Ko
It is very important for tourists to optimize the tour route planning in advance. This paper presents a quantifying and planning method for the optimal tour route of an old street based on an algebraic matrix technique. A quantified structure matrix (QISM) that combines the quantifying evaluation method and the interpretive structural model (ISM) is established. The proposed QISM is a Boolean matrix that can quantify the dependency and interaction strength between two tour spots and optimize tour route planning. Clustering and tearing algorithms are utilized to restructure a QISM, allowing the interdependent relationships within tour spots in the route planning process to be obtained. A systematic clustering method that is efficient and yet flexible is developed for tour route planning based on the transitive rule. The proposed QISM can enhance the performance of tour route planning management by reducing visit time, offering tour route variety, and raising tour satisfaction. A case study of Taichung Nantun Old Street is employed to illustrate the proposed method. We hope the results of this study can satisfy the needs of tourists and promote the development of old street sightseeing.
{"title":"OPTIMIZING TOUR ROUTE PLANNING FOR OLD STREETS- THE CASE OF TAICHUNG NANTUN OLD STREET IN TAIWAN","authors":"Yao-Tsung Ko","doi":"10.3727/108354223x16787457804410","DOIUrl":"https://doi.org/10.3727/108354223x16787457804410","url":null,"abstract":"It is very important for tourists to optimize the tour route planning in advance. This paper presents a quantifying and planning method for the optimal tour route of an old street based on an algebraic matrix technique. A quantified structure matrix (QISM) that combines the quantifying evaluation method and the interpretive structural model (ISM) is established. The proposed QISM is a Boolean matrix that can quantify the dependency and interaction strength between two tour spots and optimize tour route planning. Clustering and tearing algorithms are utilized to restructure a QISM, allowing the interdependent relationships within tour spots in the route planning process to be obtained. A systematic clustering method that is efficient and yet flexible is developed for tour route planning based on the transitive rule. The proposed QISM can enhance the performance of tour route planning management by reducing visit time, offering tour route variety, and raising tour satisfaction. A case study of Taichung Nantun Old Street is employed to illustrate the proposed method. We hope the results of this study can satisfy the needs of tourists and promote the development of old street sightseeing.","PeriodicalId":23157,"journal":{"name":"Tourism Analysis","volume":"1 1","pages":""},"PeriodicalIF":1.8,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69726612","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-01DOI: 10.3727/108354223x16798618520351
Fiona X. Yang, Gongyan Yang, Ying Li, Yi-zhi Liu
From a political–economic perspective, this research examines the nexus between Chinese foreign aid and tourism demand in 138 recipient countries. Specifically, it investigates two mechanisms and their interplay: (1) an economic channel that entices an influx of international tourists through infrastructure development; and (2) a political channel that attracts Chinese tourists by diminishing political distance. A cross-country panel dataset on Chinese aid projects is analyzed. The results suggest that Chinese aid has a significant impact on Chinese tourists after a 1-year lag through the political channel, while the economic channel’s effect on Chinese/other international tourists is not salient within five years. Significant long-run equilibrium relationships are found between aid and both tourist segments. The economic effect emerges in the long term, while the political effect fades out. This study provides a novel political–economic perspective for tourism research and presents new insights into China’s soft power in global tourism.
{"title":"FRIENDS WITH MONEY? A POLITICAL–ECONOMIC ANALYSIS OF CHINESE FOREIGN AID-INDUCED TOURISM DEMAND","authors":"Fiona X. Yang, Gongyan Yang, Ying Li, Yi-zhi Liu","doi":"10.3727/108354223x16798618520351","DOIUrl":"https://doi.org/10.3727/108354223x16798618520351","url":null,"abstract":"From a political–economic perspective, this research examines the nexus between Chinese foreign aid and tourism demand in 138 recipient countries. Specifically, it investigates two mechanisms and their interplay: (1) an economic channel that entices an influx of international tourists through infrastructure development; and (2) a political channel that attracts Chinese tourists by diminishing political distance. A cross-country panel dataset on Chinese aid projects is analyzed. The results suggest that Chinese aid has a significant impact on Chinese tourists after a 1-year lag through the political channel, while the economic channel’s effect on Chinese/other international tourists is not salient within five years. Significant long-run equilibrium relationships are found between aid and both tourist segments. The economic effect emerges in the long term, while the political effect fades out. This study provides a novel political–economic perspective for tourism research and presents new insights into China’s soft power in global tourism.","PeriodicalId":23157,"journal":{"name":"Tourism Analysis","volume":"1 1","pages":""},"PeriodicalIF":1.8,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69726655","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Over the past decade, volunteer tourism has emerged as a popular alternative to traditional tourism, as evidenced by the growing number of organizations and participants worldwide. However, less attention has been paid to understanding the behavior of volunteer tourists. The purpose of this study was to analyze the factors that influence the intention to participate in volunteer tourism. Using a quantitative approach, a model including self-efficacy, awareness of need and global citizenship within the framework of the Theory of Planned Behavior was developed to analyze the behavioral intention of volunteer tourists. The structural equation modeling technique was applied to the results of a questionnaire completed by 235 volunteer tourists. The results confirmed that awareness of need moderated the relationship between self-efficacy and subjective norms on behavioral intention to engage in volunteer tourism and, that attitudes partially mediated the relationship between global citizenship and intention to engage in volunteer tourism. The originality of the present study was to assess the indirect effect of global citizenship on the intention of individuals to engage in volunteer tourism, through their attitudes. The results represent the first attempt to quantitatively assess the impact of global citizenship on volunteer tourism.
{"title":"The Effects of Global Citizenship and Awareness of Need on the Behavioral Intention of Volunteer Tourists","authors":"Beatrice Avolio, Ma. Belén Prados-Peña, Eduardo Pardo","doi":"10.3727/108354223x16967207448549","DOIUrl":"https://doi.org/10.3727/108354223x16967207448549","url":null,"abstract":"Over the past decade, volunteer tourism has emerged as a popular alternative to traditional tourism, as evidenced by the growing number of organizations and participants worldwide. However, less attention has been paid to understanding the behavior of volunteer tourists. The purpose of this study was to analyze the factors that influence the intention to participate in volunteer tourism. Using a quantitative approach, a model including self-efficacy, awareness of need and global citizenship within the framework of the Theory of Planned Behavior was developed to analyze the behavioral intention of volunteer tourists. The structural equation modeling technique was applied to the results of a questionnaire completed by 235 volunteer tourists. The results confirmed that awareness of need moderated the relationship between self-efficacy and subjective norms on behavioral intention to engage in volunteer tourism and, that attitudes partially mediated the relationship between global citizenship and intention to engage in volunteer tourism. The originality of the present study was to assess the indirect effect of global citizenship on the intention of individuals to engage in volunteer tourism, through their attitudes. The results represent the first attempt to quantitatively assess the impact of global citizenship on volunteer tourism.","PeriodicalId":23157,"journal":{"name":"Tourism Analysis","volume":"365 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136201792","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-01DOI: 10.3727/108354223x16885456382303
Bo Zhou, Xuan Zhao, Ziyao Chen, Peili Zhang
Tourism development is often used as a strategy to fight poverty, but in the tourism literature it remains controversial as a tool for poverty alleviation in a poor region. This study adopts a multidimensional framework to measure regional poverty. Specifically, we examine four dimensions, including economics, education, social security, and medical service, to reflect poverty alleviation for a region. Then we establish econometric models to explore the link between tourism and poverty alleviation. The result shows that tourism development has a positive influence on multidimensional poverty alleviation in 73 counties in Guizhou province, a typically poor region in China. The consideration of the multidimensional nature of poverty in this study is more convictive to conclude that tourism can reduce poverty. This study further demonstrates that political pressure, indicated by the time period near the end of the fight-against-poverty campaign and by whether a county has red-culture heritages, affects tourism-led poverty alleviation in China.
{"title":"TOURISM DEVELOPMENT AND MULTIDIMENSIONAL POVERTY ALLEVIATION","authors":"Bo Zhou, Xuan Zhao, Ziyao Chen, Peili Zhang","doi":"10.3727/108354223x16885456382303","DOIUrl":"https://doi.org/10.3727/108354223x16885456382303","url":null,"abstract":"Tourism development is often used as a strategy to fight poverty, but in the tourism literature it remains controversial as a tool for poverty alleviation in a poor region. This study adopts a multidimensional framework to measure regional poverty. Specifically, we examine four dimensions, including economics, education, social security, and medical service, to reflect poverty alleviation for a region. Then we establish econometric models to explore the link between tourism and poverty alleviation. The result shows that tourism development has a positive influence on multidimensional poverty alleviation in 73 counties in Guizhou province, a typically poor region in China. The consideration of the multidimensional nature of poverty in this study is more convictive to conclude that tourism can reduce poverty. This study further demonstrates that political pressure, indicated by the time period near the end of the fight-against-poverty campaign and by whether a county has red-culture heritages, affects tourism-led poverty alleviation in China.","PeriodicalId":23157,"journal":{"name":"Tourism Analysis","volume":"1 1","pages":""},"PeriodicalIF":1.8,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69726270","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-01DOI: 10.3727/108354223x16787434751810
J. Baños-Pino, David Boto‐García, Eduardo del Valle, Inés Sustacha
The health risks associated with COVID-19 have increased tourists’ safety concerns when traveling. We analyze the linkages between tourists’ length of stay and their perceptions about health security in different public venues at the destination: the street, bars and cafes, restaurants, the chosen accommodation, the beach, and shops and stores. We use survey data collected from tourists to a nature-based region (Asturias) in Northern Spain in the summer of 2020 as our case study. Based on separate linear regressions, we examine how health security perceptions vary with the length of the stay across different public venues. In doing so, we control for a wide set of sociodemographic and trip-related characteristics. We find evidence of a consistent non-linear negative relationship between the length of the stay and the perceived health security in these public venues. We also document that hotel guests have lower health security perceptions, both at the hotels themselves and other public venues. This is the first work that explores how health security perceptions in different public domains deteriorate with the tourists’ length of stay.
{"title":"HEALTH SECURITY PERCEPTIONS AND LENGTH OF STAY","authors":"J. Baños-Pino, David Boto‐García, Eduardo del Valle, Inés Sustacha","doi":"10.3727/108354223x16787434751810","DOIUrl":"https://doi.org/10.3727/108354223x16787434751810","url":null,"abstract":"The health risks associated with COVID-19 have increased tourists’ safety concerns when traveling. We analyze the linkages between tourists’ length of stay and their perceptions about health security in different public venues at the destination: the street, bars and cafes, restaurants, the chosen accommodation, the beach, and shops and stores. We use survey data collected from tourists to a nature-based region (Asturias) in Northern Spain in the summer of 2020 as our case study. Based on separate linear regressions, we examine how health security perceptions vary with the length of the stay across different public venues. In doing so, we control for a wide set of sociodemographic and trip-related characteristics. We find evidence of a consistent non-linear negative relationship between the length of the stay and the perceived health security in these public venues. We also document that hotel guests have lower health security perceptions, both at the hotels themselves and other public venues. This is the first work that explores how health security perceptions in different public domains deteriorate with the tourists’ length of stay.","PeriodicalId":23157,"journal":{"name":"Tourism Analysis","volume":"1 1","pages":""},"PeriodicalIF":1.8,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69726601","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-01DOI: 10.3727/108354223x16820219583340
Ogechi Adeola, O. Evans, L. Okafor
The relevance of social media to tourism and, subsequently, economic wellbeing is demonstrable in the target marketing of tourism products and services to potential customers at tourist destinations. Using a dataset from the 40 most visited countries across different continents over the period 2009 to 2020, this study investigates the effect of tourism and social media on economic wellbeing. It also examines the moderating influence of social media on the underlying relationship. The study adopts the tourism-led growth hypothesis as the main theoretical rationale for the underlying relationship. The empirical analysis is conducted using the iterated general method of moments (GMM). The results show that tourism development helps to promote economic wellbeing, while social media has a dampening effect. Additionally, the findings indicate that a high level of social media penetration has a significant and positive moderating effect on the nexus between tourism and economic wellbeing. This suggests that social-media-driven tourism can significantly improve the economic wellbeing of destination countries. Conducive macroeconomic conditions and political stability are also concurrent with the contributory effects of tourism on the economic wellbeing of destination countries.
{"title":"DOES SOCIAL MEDIA MODERATE THE LINK BETWEEN TOURISM AND ECONOMIC WELLBEING? EVIDENCE FROM THE ITERATED GMM APPROACH","authors":"Ogechi Adeola, O. Evans, L. Okafor","doi":"10.3727/108354223x16820219583340","DOIUrl":"https://doi.org/10.3727/108354223x16820219583340","url":null,"abstract":"The relevance of social media to tourism and, subsequently, economic wellbeing is demonstrable in the target marketing of tourism products and services to potential customers at tourist destinations. Using a dataset from the 40 most visited countries across different continents over the period 2009 to 2020, this study investigates the effect of tourism and social media on economic wellbeing. It also examines the moderating influence of social media on the underlying relationship. The study adopts the tourism-led growth hypothesis as the main theoretical rationale for the underlying relationship. The empirical analysis is conducted using the iterated general method of moments (GMM). The results show that tourism development helps to promote economic wellbeing, while social media has a dampening effect. Additionally, the findings indicate that a high level of social media penetration has a significant and positive moderating effect on the nexus between tourism and economic wellbeing. This suggests that social-media-driven tourism can significantly improve the economic wellbeing of destination countries. Conducive macroeconomic conditions and political stability are also concurrent with the contributory effects of tourism on the economic wellbeing of destination countries.","PeriodicalId":23157,"journal":{"name":"Tourism Analysis","volume":"1 1","pages":""},"PeriodicalIF":1.8,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69726707","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-01DOI: 10.3727/108354223x16948974034061
Sami Ullah, Hamid Ullah, Mamdouh Abdulaziz Saleh Al-Faryan, Syed Hamid Ali Shah
This study examined the role of good governance in promoting tourism in emerging South Asian countries and also tested the mediating role of foreign direct investments. The study used panel data collected from seven South Asian countries from 1996 to 2018. Panel data regression models were estimated to test the research hypotheses. The results showed that country's good governance has a positive and significant influence on tourism receipts and arrivals. Moreover, the mediation analysis results supported that foreign direct investments mediated the relationship between good governance indicators like government effectiveness, political stability, voice and accountability and control over corruption and tourism. Based on the results, the study proposed the Governance-led-FDI and FDI-led-Tourism hypotheses, the study's main contribution. The study has implications for the government regulatory agencies relating to governance, tourism departments, foreign prospect investors and policymakers.
{"title":"Good Governance and Tourism in South Asian Emerging Economies: The Mediating Role of Foreign Direct Investment","authors":"Sami Ullah, Hamid Ullah, Mamdouh Abdulaziz Saleh Al-Faryan, Syed Hamid Ali Shah","doi":"10.3727/108354223x16948974034061","DOIUrl":"https://doi.org/10.3727/108354223x16948974034061","url":null,"abstract":"This study examined the role of good governance in promoting tourism in emerging South Asian countries and also tested the mediating role of foreign direct investments. The study used panel data collected from seven South Asian countries from 1996 to 2018. Panel data regression models were estimated to test the research hypotheses. The results showed that country's good governance has a positive and significant influence on tourism receipts and arrivals. Moreover, the mediation analysis results supported that foreign direct investments mediated the relationship between good governance indicators like government effectiveness, political stability, voice and accountability and control over corruption and tourism. Based on the results, the study proposed the Governance-led-FDI and FDI-led-Tourism hypotheses, the study's main contribution. The study has implications for the government regulatory agencies relating to governance, tourism departments, foreign prospect investors and policymakers.","PeriodicalId":23157,"journal":{"name":"Tourism Analysis","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135497371","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-01DOI: 10.3727/108354223x16888074561927
M. Helmi, A. Çatık, Begüm Yurteri Kösedağlı, Gül Huyugüzel Kışla
This paper examines the effects of the COVID-19 pandemic on the travel-tourism stock markets. Specifically, it considers the five most visited countries: France, Spain, the US, China, and Italy. Unlike previous studies, it estimates time-varying VAR (TVP-VAR) models, including daily observations of confirmed COVID-19 cases, economic activity, CDS spreads and the returns of travel-tourism sectors. In brief, our findings indicate that the effects of COVID-19 vary across countries, as well as over time. Specifically, increasing numbers of cases initially had a negative and significant impact on the travel-tourism stock returns of all countries. However, this effect had become insignificant by early April 2020. The travel-tourism markets of the European countries were seen to be more heavily affected by COVID-19 when compared to China and the US, with China seeming to have been the least affected country of all. Overall, our results are essential in understanding the impact of the COVID-19 pandemic on the travel-tourism stock markets, and are of particular importance to policymakers, portfolio managers and investors.
{"title":"An analysis of travel-tourism stock returns in the wake of the COVID-19 pandemic: Evidence from the five most visited countries","authors":"M. Helmi, A. Çatık, Begüm Yurteri Kösedağlı, Gül Huyugüzel Kışla","doi":"10.3727/108354223x16888074561927","DOIUrl":"https://doi.org/10.3727/108354223x16888074561927","url":null,"abstract":"This paper examines the effects of the COVID-19 pandemic on the travel-tourism stock markets. Specifically, it considers the five most visited countries: France, Spain, the US, China, and Italy. Unlike previous studies, it estimates time-varying VAR (TVP-VAR) models, including daily observations of confirmed COVID-19 cases, economic activity, CDS spreads and the returns of travel-tourism sectors. In brief, our findings indicate that the effects of COVID-19 vary across countries, as well as over time. Specifically, increasing numbers of cases initially had a negative and significant impact on the travel-tourism stock returns of all countries. However, this effect had become insignificant by early April 2020. The travel-tourism markets of the European countries were seen to be more heavily affected by COVID-19 when compared to China and the US, with China seeming to have been the least affected country of all. Overall, our results are essential in understanding the impact of the COVID-19 pandemic on the travel-tourism stock markets, and are of particular importance to policymakers, portfolio managers and investors.","PeriodicalId":23157,"journal":{"name":"Tourism Analysis","volume":"1 1","pages":""},"PeriodicalIF":1.8,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69726280","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-01DOI: 10.3727/108354223x16894206734543
Drew Martin, Odosashvili Lali, Swechchha Subedi
To complement industry-wide sustainability initiatives, this study aims to improve the understanding of traveler mindfulness. A holistic, case-based approach explores how traveler motivations and situational factors relate to mindfulness in a sustainability context. A sample of 510 recent travelers informs this study. Fuzzy-set statistics test complexity theory tenants to examine the relationship between mindfulness and travelers’ motivations and preferences. Results support complexity theory tenants and show multiple paths relate to high mindfulness. Study results advance the understanding of traveler behavior by introducing a sustainability-focused mindfulness scale, advancing mindfulness studies with complexity theory and fuzzy-set analysis, and offering insights to destination managers who target travelers with a sustainability mindset.
{"title":"UNDERSTANDING TRAVELERS’ MOTIVATIONS AND PREFERENCES RELATING TO SUSTAINABLE BEHAVIOR: Configural analysis of traveler mindfulness","authors":"Drew Martin, Odosashvili Lali, Swechchha Subedi","doi":"10.3727/108354223x16894206734543","DOIUrl":"https://doi.org/10.3727/108354223x16894206734543","url":null,"abstract":"To complement industry-wide sustainability initiatives, this study aims to improve the understanding of traveler mindfulness. A holistic, case-based approach explores how traveler motivations and situational factors relate to mindfulness in a sustainability context. A sample of 510 recent travelers informs this study. Fuzzy-set statistics test complexity theory tenants to examine the relationship between mindfulness and travelers’ motivations and preferences. Results support complexity theory tenants and show multiple paths relate to high mindfulness. Study results advance the understanding of traveler behavior by introducing a sustainability-focused mindfulness scale, advancing mindfulness studies with complexity theory and fuzzy-set analysis, and offering insights to destination managers who target travelers with a sustainability mindset.","PeriodicalId":23157,"journal":{"name":"Tourism Analysis","volume":"1 1","pages":""},"PeriodicalIF":1.8,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69726326","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-01DOI: 10.3727/108354223x16782322230583
Abebe Hailemariam, Kris Ivanovski, L. Pan
The COVID-19 pandemic has inflicted significant damage to the world economy, and the tourism and leisure industry is no exception. This paper investigates the effect of COVID-19 pandemic, vaccine rollouts and government policy responses on Australia's tourism and leisure industry. To do so, we use data on stock market performances of the travel and leisure industry as key indicators. Our findings show that while vaccine rollouts help for a partial recovery of the travel and leisure industry, full and speedy recovery remains a challenge under stringent policies related to COVID-19 safety suggesting the enormous magnitude of the task ahead in terms of policy responses.
{"title":"IMPACT OF COVID-19 ON STOCK MARKET PERFORMANCE OF TOURISM AND LEISURE INDUSTRY","authors":"Abebe Hailemariam, Kris Ivanovski, L. Pan","doi":"10.3727/108354223x16782322230583","DOIUrl":"https://doi.org/10.3727/108354223x16782322230583","url":null,"abstract":"The COVID-19 pandemic has inflicted significant damage to the world economy, and the tourism and leisure industry is no exception. This paper investigates the effect of COVID-19 pandemic, vaccine rollouts and government policy responses on Australia's tourism and leisure industry. To do so, we use data on stock market performances of the travel and leisure industry as key indicators. Our findings show that while vaccine rollouts help for a partial recovery of the travel and leisure industry, full and speedy recovery remains a challenge under stringent policies related to COVID-19 safety suggesting the enormous magnitude of the task ahead in terms of policy responses.","PeriodicalId":23157,"journal":{"name":"Tourism Analysis","volume":"2 1","pages":""},"PeriodicalIF":1.8,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69726586","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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