Pub Date : 2024-02-20DOI: 10.1177/13548166241234099
Silvia Cerisola, Elisa Panzera
Cultural heritage and local attractiveness entertain an inextricable relationship. Cultural visitors and tourists are willing to discover and admire different, unique, and outstanding forms of culture and local inhabitants recognize themselves in the symbolic meanings and values carried by their heritage, which inspires proudness and sense of belonging. Furthermore, cultural tourism represents a contributor to local economic conditions and a resource to support cultural heritage maintenance and preservation costs. However, concerns related to excessive flows of tourists towards cultural destinations have been raised from many parts. In fact, over-tourism might generate social, cultural, environmental, and economic costs, mainly affecting and damaging local communities. This paper aims at investigating the nexus between cultural tourism and local economic development. A Structural Regression Model is applied to Italian provincial (NUTS3) data to simultaneously identify the direct effects of cultural tourism on economic conditions as well as its indirect and potentially controversial effects.
{"title":"Heritage tourism and local prosperity: An empirical investigation of their controversial relationship","authors":"Silvia Cerisola, Elisa Panzera","doi":"10.1177/13548166241234099","DOIUrl":"https://doi.org/10.1177/13548166241234099","url":null,"abstract":"Cultural heritage and local attractiveness entertain an inextricable relationship. Cultural visitors and tourists are willing to discover and admire different, unique, and outstanding forms of culture and local inhabitants recognize themselves in the symbolic meanings and values carried by their heritage, which inspires proudness and sense of belonging. Furthermore, cultural tourism represents a contributor to local economic conditions and a resource to support cultural heritage maintenance and preservation costs. However, concerns related to excessive flows of tourists towards cultural destinations have been raised from many parts. In fact, over-tourism might generate social, cultural, environmental, and economic costs, mainly affecting and damaging local communities. This paper aims at investigating the nexus between cultural tourism and local economic development. A Structural Regression Model is applied to Italian provincial (NUTS3) data to simultaneously identify the direct effects of cultural tourism on economic conditions as well as its indirect and potentially controversial effects.","PeriodicalId":23204,"journal":{"name":"Tourism Economics","volume":null,"pages":null},"PeriodicalIF":4.4,"publicationDate":"2024-02-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140447945","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-18DOI: 10.1177/13548166241233773
A. Baldin, Dario Bertocchi, Nicola Camatti
Cultural events are endorsed in urban cultural policy for their economic role in supporting the tourism industry and their social role in strengthening community cohesion. Nevertheless, conflicts can arise between these two objectives, especially in cities already experiencing massive tourism regardless of the staging of major events. Taking Venice as a case study, we investigate the effects that different types of cultural events have on the relationship between residents and tourists in a crowding-in/temporary crowding-out dynamic. We implement a structural equation model using a unique dataset that records the daily number of residents, tourists, day visitors and commuters in the city. Results show evidence of both a crowding-in and temporary crowding-out effect during major cultural events, whereas such effects are not present for cultural events associated with local traditions. The paper highlights how these dynamics can impact the economy and the management of tourism destinations during cultural events.
{"title":"Crowding-in and (temporary) crowding-out in Venice. The effect of cultural events on residents","authors":"A. Baldin, Dario Bertocchi, Nicola Camatti","doi":"10.1177/13548166241233773","DOIUrl":"https://doi.org/10.1177/13548166241233773","url":null,"abstract":"Cultural events are endorsed in urban cultural policy for their economic role in supporting the tourism industry and their social role in strengthening community cohesion. Nevertheless, conflicts can arise between these two objectives, especially in cities already experiencing massive tourism regardless of the staging of major events. Taking Venice as a case study, we investigate the effects that different types of cultural events have on the relationship between residents and tourists in a crowding-in/temporary crowding-out dynamic. We implement a structural equation model using a unique dataset that records the daily number of residents, tourists, day visitors and commuters in the city. Results show evidence of both a crowding-in and temporary crowding-out effect during major cultural events, whereas such effects are not present for cultural events associated with local traditions. The paper highlights how these dynamics can impact the economy and the management of tourism destinations during cultural events.","PeriodicalId":23204,"journal":{"name":"Tourism Economics","volume":null,"pages":null},"PeriodicalIF":4.4,"publicationDate":"2024-02-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139959717","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-16DOI: 10.1177/13548166241233629
Aurélie Corne, Sauveur Giannoni, Nicolas Peypoch
This paper proposes to investigate tourism performance by employing fuzzy-set Qualitative Comparative Analysis. International tourist destinations are examined to identify the different paths leading to high levels of tourism arrivals and tourism receipts. The findings demonstrate that tourism performance is complex and requires specific combinations of conditions to succeed. The research identifies two types of destinations that rely on different factors to achieve success: Type 1 focuses on price competitiveness, while Type 2 emphasises the quality of the experience. Furthermore, it shows that a peculiar destination performs well in terms of receipts, relying on both price competitiveness and quality of the experience despite a lack of attractions. Type 1 and Type 2 destinations have good predictive validity in a pandemic context.
{"title":"A reexamination of inbound tourism performance","authors":"Aurélie Corne, Sauveur Giannoni, Nicolas Peypoch","doi":"10.1177/13548166241233629","DOIUrl":"https://doi.org/10.1177/13548166241233629","url":null,"abstract":"This paper proposes to investigate tourism performance by employing fuzzy-set Qualitative Comparative Analysis. International tourist destinations are examined to identify the different paths leading to high levels of tourism arrivals and tourism receipts. The findings demonstrate that tourism performance is complex and requires specific combinations of conditions to succeed. The research identifies two types of destinations that rely on different factors to achieve success: Type 1 focuses on price competitiveness, while Type 2 emphasises the quality of the experience. Furthermore, it shows that a peculiar destination performs well in terms of receipts, relying on both price competitiveness and quality of the experience despite a lack of attractions. Type 1 and Type 2 destinations have good predictive validity in a pandemic context.","PeriodicalId":23204,"journal":{"name":"Tourism Economics","volume":null,"pages":null},"PeriodicalIF":4.4,"publicationDate":"2024-02-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139962102","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-15DOI: 10.1177/13548166241233335
Hai Dong, Qi Bin Liang, Nicolas Peypoch
This paper explores the use of fsQCA in order to explain the productivity changes in two-stage analysis. In this way, the idea from Corne and Peypoch (2020) in the efficiency analysis framework is extended to the case of productivity indexes and indicators. An empirical illustration to the case of Chinese provinces emphasizes the complex configurations explaining tourism productivity and opens avenues for future research.
{"title":"Analyzing tourism productivity changes with complex configurations","authors":"Hai Dong, Qi Bin Liang, Nicolas Peypoch","doi":"10.1177/13548166241233335","DOIUrl":"https://doi.org/10.1177/13548166241233335","url":null,"abstract":"This paper explores the use of fsQCA in order to explain the productivity changes in two-stage analysis. In this way, the idea from Corne and Peypoch (2020) in the efficiency analysis framework is extended to the case of productivity indexes and indicators. An empirical illustration to the case of Chinese provinces emphasizes the complex configurations explaining tourism productivity and opens avenues for future research.","PeriodicalId":23204,"journal":{"name":"Tourism Economics","volume":null,"pages":null},"PeriodicalIF":4.4,"publicationDate":"2024-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139834035","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-15DOI: 10.1177/13548166241233775
Jaehee Gim, Seunghun Shin, Hyejo Hailey Shin
Unlike institutional investors, who have expertise in collecting and analyzing firm information to predict firms’ future performance, individual investors have a limited ability to conduct this task. Therefore, individual investors are known to commonly rely on financial analysts’ earnings forecasts, which are freely available to them. However, as demonstrated by numerous studies, financial analysts’ forecasts are not always accurate and free from bias. Drawing on screening theory and the innate financial and structural differences between highly franchised restaurants and their less franchised peers, the current study showed that analysts provide more accurate and less optimistically biased forecasts for the former than the latter. However, the positive impact of an additional number of analysts on the accuracy of forecasts was weaker for the former than the latter. The current study can help individual investors in the restaurant industry improve their understanding of financial analysts’ earnings forecasts and make better-informed investment decisions.
{"title":"Effect of franchising on the reliability of financial analysts’ earnings forecasts: Evidence from publicly traded US restaurant firms","authors":"Jaehee Gim, Seunghun Shin, Hyejo Hailey Shin","doi":"10.1177/13548166241233775","DOIUrl":"https://doi.org/10.1177/13548166241233775","url":null,"abstract":"Unlike institutional investors, who have expertise in collecting and analyzing firm information to predict firms’ future performance, individual investors have a limited ability to conduct this task. Therefore, individual investors are known to commonly rely on financial analysts’ earnings forecasts, which are freely available to them. However, as demonstrated by numerous studies, financial analysts’ forecasts are not always accurate and free from bias. Drawing on screening theory and the innate financial and structural differences between highly franchised restaurants and their less franchised peers, the current study showed that analysts provide more accurate and less optimistically biased forecasts for the former than the latter. However, the positive impact of an additional number of analysts on the accuracy of forecasts was weaker for the former than the latter. The current study can help individual investors in the restaurant industry improve their understanding of financial analysts’ earnings forecasts and make better-informed investment decisions.","PeriodicalId":23204,"journal":{"name":"Tourism Economics","volume":null,"pages":null},"PeriodicalIF":4.4,"publicationDate":"2024-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139776588","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-15DOI: 10.1177/13548166241233335
Hai Dong, Qi Bin Liang, Nicolas Peypoch
This paper explores the use of fsQCA in order to explain the productivity changes in two-stage analysis. In this way, the idea from Corne and Peypoch (2020) in the efficiency analysis framework is extended to the case of productivity indexes and indicators. An empirical illustration to the case of Chinese provinces emphasizes the complex configurations explaining tourism productivity and opens avenues for future research.
{"title":"Analyzing tourism productivity changes with complex configurations","authors":"Hai Dong, Qi Bin Liang, Nicolas Peypoch","doi":"10.1177/13548166241233335","DOIUrl":"https://doi.org/10.1177/13548166241233335","url":null,"abstract":"This paper explores the use of fsQCA in order to explain the productivity changes in two-stage analysis. In this way, the idea from Corne and Peypoch (2020) in the efficiency analysis framework is extended to the case of productivity indexes and indicators. An empirical illustration to the case of Chinese provinces emphasizes the complex configurations explaining tourism productivity and opens avenues for future research.","PeriodicalId":23204,"journal":{"name":"Tourism Economics","volume":null,"pages":null},"PeriodicalIF":4.4,"publicationDate":"2024-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139774375","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-15DOI: 10.1177/13548166241234096
Aliana Man Wai Leong, Emrah Koçak, Jingyi Bai, F. Okumus
This study examines the Macau hotel industry’s response to global shocks using vector autoregression analysis. According to the findings, the hotel occupancy rate reacts negatively to a one-standard-deviation shock in global geopolitical risk. However, this reaction decreases after the second period and completely loses its effect after the fourth period. Hotel occupancy rate responds weakly and short term negatively to the shock of global economic policy uncertainty. The hotel industry reacts short term, weakly, and positively to a shock in US monetary policy uncertainty. According to the variance decomposition results, at the end of the tenth term (long-term), 96.25% of the change in hotel occupancy rates is explained by their own dynamics. The rest is 3.00% geopolitical risk, 0.5% US monetary policy uncertainty, and 0.25% economic policy uncertainty.
{"title":"Macau hotel industry’s response to global shocks","authors":"Aliana Man Wai Leong, Emrah Koçak, Jingyi Bai, F. Okumus","doi":"10.1177/13548166241234096","DOIUrl":"https://doi.org/10.1177/13548166241234096","url":null,"abstract":"This study examines the Macau hotel industry’s response to global shocks using vector autoregression analysis. According to the findings, the hotel occupancy rate reacts negatively to a one-standard-deviation shock in global geopolitical risk. However, this reaction decreases after the second period and completely loses its effect after the fourth period. Hotel occupancy rate responds weakly and short term negatively to the shock of global economic policy uncertainty. The hotel industry reacts short term, weakly, and positively to a shock in US monetary policy uncertainty. According to the variance decomposition results, at the end of the tenth term (long-term), 96.25% of the change in hotel occupancy rates is explained by their own dynamics. The rest is 3.00% geopolitical risk, 0.5% US monetary policy uncertainty, and 0.25% economic policy uncertainty.","PeriodicalId":23204,"journal":{"name":"Tourism Economics","volume":null,"pages":null},"PeriodicalIF":4.4,"publicationDate":"2024-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139963217","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-13DOI: 10.1177/13548166241229319
Léopold T Biardeau, M. Sahli
The growing frequency and intensity of disasters due to climate change present considerable risks for tourist destinations, necessitating comprehensive research on their economic impacts. This study investigates the contemporaneous dose-response relationship between natural disasters and inbound tourism by estimating a flexible binned regression model. The analysis is conducted in a panel data setting from 1995 to 2019, spanning over 150 countries and accounting for the impact of more than 8,300 individual disasters from seven distinct categories. Examining seven natural disaster types (earthquakes, epidemics, extreme temperature events, floods, landslides, storms and wildfires) and five disaster impact metrics reflecting their human and economic impacts, the analysis reveals that increased disaster impact, except for earthquakes, correlates with reduced levels of tourist arrivals and travel expenditure. The paper provides valuable insights into the relationship between disasters, climate change, and tourism economics, informing disaster mitigation strategies and broader climate change assessments for tourism sector policy and decision-makers.
{"title":"Investigating the non-linear impacts of seven types of natural disasters on inbound tourism: Insights from the EM-DAT database","authors":"Léopold T Biardeau, M. Sahli","doi":"10.1177/13548166241229319","DOIUrl":"https://doi.org/10.1177/13548166241229319","url":null,"abstract":"The growing frequency and intensity of disasters due to climate change present considerable risks for tourist destinations, necessitating comprehensive research on their economic impacts. This study investigates the contemporaneous dose-response relationship between natural disasters and inbound tourism by estimating a flexible binned regression model. The analysis is conducted in a panel data setting from 1995 to 2019, spanning over 150 countries and accounting for the impact of more than 8,300 individual disasters from seven distinct categories. Examining seven natural disaster types (earthquakes, epidemics, extreme temperature events, floods, landslides, storms and wildfires) and five disaster impact metrics reflecting their human and economic impacts, the analysis reveals that increased disaster impact, except for earthquakes, correlates with reduced levels of tourist arrivals and travel expenditure. The paper provides valuable insights into the relationship between disasters, climate change, and tourism economics, informing disaster mitigation strategies and broader climate change assessments for tourism sector policy and decision-makers.","PeriodicalId":23204,"journal":{"name":"Tourism Economics","volume":null,"pages":null},"PeriodicalIF":4.4,"publicationDate":"2024-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139841049","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-13DOI: 10.1177/13548166241229319
Léopold T Biardeau, M. Sahli
The growing frequency and intensity of disasters due to climate change present considerable risks for tourist destinations, necessitating comprehensive research on their economic impacts. This study investigates the contemporaneous dose-response relationship between natural disasters and inbound tourism by estimating a flexible binned regression model. The analysis is conducted in a panel data setting from 1995 to 2019, spanning over 150 countries and accounting for the impact of more than 8,300 individual disasters from seven distinct categories. Examining seven natural disaster types (earthquakes, epidemics, extreme temperature events, floods, landslides, storms and wildfires) and five disaster impact metrics reflecting their human and economic impacts, the analysis reveals that increased disaster impact, except for earthquakes, correlates with reduced levels of tourist arrivals and travel expenditure. The paper provides valuable insights into the relationship between disasters, climate change, and tourism economics, informing disaster mitigation strategies and broader climate change assessments for tourism sector policy and decision-makers.
{"title":"Investigating the non-linear impacts of seven types of natural disasters on inbound tourism: Insights from the EM-DAT database","authors":"Léopold T Biardeau, M. Sahli","doi":"10.1177/13548166241229319","DOIUrl":"https://doi.org/10.1177/13548166241229319","url":null,"abstract":"The growing frequency and intensity of disasters due to climate change present considerable risks for tourist destinations, necessitating comprehensive research on their economic impacts. This study investigates the contemporaneous dose-response relationship between natural disasters and inbound tourism by estimating a flexible binned regression model. The analysis is conducted in a panel data setting from 1995 to 2019, spanning over 150 countries and accounting for the impact of more than 8,300 individual disasters from seven distinct categories. Examining seven natural disaster types (earthquakes, epidemics, extreme temperature events, floods, landslides, storms and wildfires) and five disaster impact metrics reflecting their human and economic impacts, the analysis reveals that increased disaster impact, except for earthquakes, correlates with reduced levels of tourist arrivals and travel expenditure. The paper provides valuable insights into the relationship between disasters, climate change, and tourism economics, informing disaster mitigation strategies and broader climate change assessments for tourism sector policy and decision-makers.","PeriodicalId":23204,"journal":{"name":"Tourism Economics","volume":null,"pages":null},"PeriodicalIF":4.4,"publicationDate":"2024-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139781174","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-12DOI: 10.1177/13548166241233624
Fangfang Gu, Xiaohong Liu, Yaru Cao, Qunwei Wang
Haze pollution has caused huge losses to the tourism industry, but China’s Clean Air Act (CAA), implemented in 2013, provides an important opportunity for the tourism industry to recover. Using a difference-in-differences model and panel data across 275 prefecture-level cities, we investigate the effects of the CAA on their urban tourism economies. The results confirm significant positive effects of the CAA mainly through adjusting the urban industrial structures and stimulating technological innovation. However, there is significant heterogeneity of the policy effects. The CAA plays a greater role in promoting the tourism economies of small-scale cities and non-first-tier cities. In addition, domestic tourism is more affected than inbound tourism. Our findings verify the positive effects of China’s haze pollution governance and provide theoretical evidence for the cities to promote the high-quality development of their tourism economies.
{"title":"Does haze pollution governance promote the growth of urban tourism economies? Evidence from China’s Clean Air Act","authors":"Fangfang Gu, Xiaohong Liu, Yaru Cao, Qunwei Wang","doi":"10.1177/13548166241233624","DOIUrl":"https://doi.org/10.1177/13548166241233624","url":null,"abstract":"Haze pollution has caused huge losses to the tourism industry, but China’s Clean Air Act (CAA), implemented in 2013, provides an important opportunity for the tourism industry to recover. Using a difference-in-differences model and panel data across 275 prefecture-level cities, we investigate the effects of the CAA on their urban tourism economies. The results confirm significant positive effects of the CAA mainly through adjusting the urban industrial structures and stimulating technological innovation. However, there is significant heterogeneity of the policy effects. The CAA plays a greater role in promoting the tourism economies of small-scale cities and non-first-tier cities. In addition, domestic tourism is more affected than inbound tourism. Our findings verify the positive effects of China’s haze pollution governance and provide theoretical evidence for the cities to promote the high-quality development of their tourism economies.","PeriodicalId":23204,"journal":{"name":"Tourism Economics","volume":null,"pages":null},"PeriodicalIF":4.4,"publicationDate":"2024-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139844803","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：