Econometric Analysis in Hospitality and Tourism Management
Cutting Edge Research Methods in Hospitality and Tourism
ISBN: 978-1-80455-064-9, eISBN: 978-1-80455-063-2
Publication date: 25 January 2023
This chapter provides an overview of the status of applied econometric research in hospitality and tourism management and outlines the econometric toolsets available for quantitative researchers using empirical data from the field. Basic econometric models, cross-sectional models, time-series models, and panel data models are reviewed first, followed by an evaluation of relevant applications. Next, econometric modeling topics that are germane to hospitality and tourism research are discussed, including endogeneity, multi-equation modeling, causal inference modeling, and spatial econometrics. Furthermore, major feasibility issues for applied researchers are examined based on the literature. Lastly, recommendations are offered to promote applied econometric research in hospitality and tourism management.
Yang, Y., Abrate, G. and Ai, C. (2023), "Econometric Analysis in Hospitality and Tourism Management", Okumus, F., Rasoolimanesh, S.M. and Jahani, S. (Ed.) Cutting Edge Research Methods in Hospitality and Tourism, Emerald Publishing Limited, Bingley, pp. 53-69. https://doi.org/10.1108/978-1-80455-063-220231005
Emerald Publishing Limited
Copyright © 2023 Yang Yang, Graziano Abrate and Chunrong Ai