Search results

The aim of this chapter is to examine the role of real exchange rates in the relationship between tourist arrival and economic growth in Malaysia over the period of 2000–2018. We disaggregate Malaysian tourists into six geographical regions, namely Asia, Singapore, Europe, Pacific region, Americas, and Africa. Using a non-linear autoregressive distributed lag model, we find that the appreciation of real exchange rates with positive growth of economy plays a prominent role in influencing international tourist arrivals from Singapore, other Asian countries, Pacific region, Europe, and Americas. Our study suggests that real appreciation is important in providing some insights into the effectiveness of growth-led-tourism policies. In line with this, some implications are provided at the end of this chapter.

Tourism is growing globally and expanding into increasingly differentiated thematic areas and places that have thus far been unknown. The Mediterranean region is one of the leading tourism areas in the world accounting for one-third of global tourism receipts and half of global tourism arrivals. However, the countries of this region, undoubtedly attractive for their natural and cultural sites, history and traditions, must face the continuous challenges that the highly competitive global market and the sustainability of the environment and resources pose.

This chapter aims to examine and discuss the relationship between tourism and economic growth in the Mediterranean region, specifically, the issue of economic growth led by tourism and its central focus in public policy. The tourism–economic growth relationship will also highlight the different challenges between the developed and the developing countries. The relationship between tourism and sustainability in the Mediterranean region is the second theme of this contribution. The concept of ‘slow tourism’ as an operational proposal for sustainable tourism is also discussed; specifically, the natural environment and the cultural heritage need to be preserved by all tourism stakeholders.

This chapter examines the nexus between the between tourism growth and income inequality in the top 10 tourist destinations in the world by using the advanced econometric technique namely quantile-on-quantile (QnQ). This approach combines the two approaches, that is, the nonparametric estimation and quantile regression and regresses the quantile of the tourism growth onto income inequality quantiles, thus enabling the effect of the income inequality on across different conditional tourism growth distribution. It also allows to explain a comprehensive picture of the overall interdependence and nonlinear relationship between the examined variables. The result from QnQ approach shows a negative association between income inequality and tourism growth, however, the country-specific analysis shows wide variations within and across different quantiles of variables. Notably, on the one hand, a strong negative association between the variables is found in China, France, Spain, Italy, Russia and the USA implying that tourism expansion minimizes the income inequality. On the other hand, a strong positive association is noted in Germany, Turkey, Mexico and the UK, which means that growth in tourism widens the income inequality. These outcomes provide important policy direction for tourism management in the respective countries.

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.

This Chapter undertakes an empirical analysis of the relationship between air transport demand and economic growth in Uruguay, Brazil, Argentina, and Chile, using annual data from 1970 to 2019. The results indicate a cointegration relationship between air passenger movements, real exchange rate, and GDP for Brazil and Uruguay, but not for Argentina, while for Chile bivariate cointegration exists. Moreover, exogeneity analysis and impulse response simulations show that in the long run there is a bidirectional causality between transport and economic growth for Uruguay, but for Brazil air transport is not influenced by GDP growth. Air transport is, however, positively affected in the long run by Chile's GDP growth. For Argentina, the probability of causality from air transport to economic growth is low and conversely is not significant.

This chapter strives to evaluate the impact of tourist arrival on energy consumption, air pollution, gross domestic product (GDP), and foreign direct investment to suggest strategies for further tourism development. Relevant data from Taiwan are analyzed, entailing tourist arrivals, GDP, carbon dioxide emissions, energy consumption, and capital investment. It tests four hypotheses using the Augmented Dickey-Fuller single root test, the Autoregressive Distributed Lag model, and time series econometrics of Granger causality. This study finds that tourist arrival is positively related to energy consumption and GDP, whereas it negatively relates to carbon dioxide emission and capital investment. In consideration of a negative relationship between tourist arrival and direct investment, this study suggests devising timely research agendas on carrying capacity and service quality in the mind of international tourists to see if additional investment in tourism infrastructures is needed.

Tourism is Mexico's largest source of foreign exchange, only surpassed by remittances and foreign direct investment, and is one of the most wealth-generating economic activities in the country. However, measures to mitigate the Covid-19 pandemic – such as the suspension of flights and strict restrictions on people's mobility – have caused great economic damage to the tourism industry, and with it, to large regions in the country. This chapter aims to determine the national and regional impacts of Covid-19 on Mexican tourism and analyze potential recovery scenarios. To this end, the study looks at tourism performance in Mexico in 2020 and compares it to the experience of the H1N1 influenza epidemic of 2009. The methodology uses a spatial econometric model to simulate potential impacts and prospective recovery scenarios. Finally, recommendations for tourism policy consider new trends in tourism, namely the rise in tourism advertising through digital platforms, the surge in domestic, rural and environmental tourism, and the development of a more informed, demanding and selective consumer.

This chapter aims to establish the relation of luxury tourism to sustainability and questions whether tourism in its current form is not itself a luxury. By analysing consumer travel motivation and demands of luxury tourism, we examine the impact of these perceptions and ask whether Anthropocene tourism does not by definition have a negative impact on the environment. A new concept of luxury has developed clearly illustrated by a move from Maslow’s (1943) ‘esteem’ to the top tier of ‘self-actualisation’ as reflected in Pearce and Lee (2005) Travel Career Ladder and top tier of personal fulfilment. This move has led to a decline in physical trophy collection, but rather the desire for luxury is taking on a new definition more about a perception of environmental connection, personal fulfilment and finding a brand or experience that shares similar values to the consumer. The commodification of nature has led to new forms of tourism concentrating on connecting to places, people and causes. An analysis of tourism growth impact in the Global North and South, and neo-colonisation in tourism highlights the contradictions within sustainable goals and tourism. It is increasingly difficult to categorise tourism as sustainable or unsustainable, luxury or non-luxury, but rather this chapter questions whether tourism itself has become an unsustainable pandemic and an indefensible luxury.