International tourism demand in Asia: before and after the economic crisis

A subprime mortgage crisis erupted in the United States in 2007 and resulted in an economic crisis spread worldwide. This study focused on seven major Asian tourist destinations and investigated the changes in international tourism demand before and after economic crisis. The data period was January 2004 to December 2014. The results demonstrate the tourist numbers in each country was affected by the income variable. The decrease in tourist numbers was most significant during and after the economic crisis, indicating an increase in the sensitivity of tourists toward their economic-crisis-based income fluctuations, causing changes in their travel behavior.     

A tourism demand function for the Okanagan,BC

This study examines the relative importance of the existing determinants of tourism demand in the Okanagan. Because national coefficients cannot be used intercnageable with regional coefficients, it is hypothesized that the values of the Okanagan demand elasticities are likely to be lower than that of the Province and the nation. Five major markets for Okanagan tourism with identified and separate regressions run to determine the relative importance of the determinants of demand for Okanagan tourism with respect to these markets. Empirical results indicate that national coefficient will tend to overestimate the regional coefficient values. Contrary to the results of other studies for the nation as a whole, the exchange rate and travel cost did not seem to be significant determinants of Okanagan tourism receipts.     

A piecewise linear approach to modeling and forecasting demand for Macau tourism

In this paper, we construct and use a piecewise linear method to model and forecast, on a monthly basis, the demand for Macau tourism. Data over the period January 1991–December 2005 and a seasonally adjusted series for tourism demand are used. The study examines 4 forecasting horizons ranging from 6 to 24 months in advance. Mean absolute percentage errors and root mean square errors are adopted as criteria for evaluating the accuracy of the forecasting exercises. Finally, the forecasts of piecewise linear model are compared with those of autoregressive trend model, seasonal autoregressive integrated moving average and its arch-rival fractionally integrated autoregressive moving average models. The piecewise linear model is more accurate than the three benchmark models tested and the improvement is practically significant.     

The development of a conceptual model of greening in the business events tourism sector

This paper examines the process of corporate greening, and proposes a general conceptual model of the process, which may be relevant in a number of different corporate sectors. The model includes drivers of greening and barriers to greening and also the organisational context in which greening decisions are taken. In addition, this paper considers the role of media coverage in influencing pro-environmental behaviour amongst organisations. The paper then tests the model in one particular tourism context – that of business events – in order to ascertain the specific nature of the corporate greening process in that context. The paper concludes that the general model may be applied to a number of industry sectors, and the model specific to business events tourism may be used to underpin future research in this area.     

Estimating the long-run effects of socioeconomic and meteorological factors on the domestic tourism demand for Galicia (Spain)

Tourism is one of the more important sectors for the economy of Galicia (northwest of Spain). The aim of our study is to quantify determinants of Galician domestic tourism demand and their impacts. Additionally, confidence intervals for these impacts are calculated by bootstrapping data. The results show that income, Eastern vacations and the celebration of the Holy Year of the Apostle Saint James have had a relevant positive impact on tourism. There is also a significant positive connection between a meteorological phenomenon, the North Atlantic Oscillation (NAO), and tourism demand. On the other hand, the differential rates of inflation between Galicia and the rest of Spain and the 2008 economic crisis have had a negative effect.     

Examination of Taiwan's travel and tourism market cycle through a two-period Markov regime-switching model

This study analyzes the Taiwan travel and tourism (T&T) market cycle. According to data of the weighted Taiwan tourism stock index from January 1997 to August 2015, the two-period Markov regime-switching model identifies two distinct regimes of the T&T cycle and incorporates a specific set of mean and variance parameters for each period to control for the structural changes in Taiwan's T&T market. The effect of China visitor arrivals to Taiwan on the T&T market is also verified. The empirical findings offer essential information and policy implications for Taiwan's government tourism policymakers and business managers.     

Higher energy cost and the demand for restaurant services — a time-series analysis

Energy cost impact on demand for the restaurant services is examined using a broad base multi-variable regression model with special attention given to the lag structure and timing of the effects. The results reveal no negative impact of higher energy costs on demand. On the contrary, a slight positive delayed impact is evident over the short-run suggesting that, on margin, eating out may have been used as a compensatory recreational activity as a temporary substitute to other, more energy intensive, recreational activities.     

Atlantic City and the resort cycle background to the legalization of gambling

Stansfield, Charles A. Jr. “Atlantic City and the Resort Cycle: Background to the Legalization of Gambling”, Annals of Tourism Research, Vol. V, No. 2, April/June 1978, pp. 238–251. Legalization of casino gambling in Atlantic City was politically feasible only following widespread voter recognition of the old resort's economic and social plight. The success of a statewide referendum was attributed to the concept that only a radical change in Atlantic City's crowd-attracting formula would be successful as it had become obsolescent as a resort partly due to changes in transport technology and recreation geography. There is an apparent cycle in the development, expansion, shift in socio-economic base of patronage, and decline of resorts; Atalantic City's century and a quarter existence is used as a case study of this resort cycle.     

试论我国旅游业周期波动的复杂性和不规律性——兼与匡林先生商榷

我国近20年来旅游业的发展波动是政府直接干预和政策诱导的结果.这种波动与市场经济制度条件下的商业周期不可同日而语,简单套用研究市场经济中经济周期的方法无助于客观科学地认识我国旅游业的运行特点和机理.事实上,我国旅游业的发展具有明显的经济转轨期的过渡性特征.旅游业的市场波动也非经济因素所致,因而是不可逆的,不具有周而复始规律性的.     

Strategic planning and business performance in the quoted UK hotel sector: results of an exploratory study

The purpose of this study was to conduct an exploratory investigation of the relationship between strategic planning and business performance. A multidimensional model of 11 variables was formulated after a review of the strategic planning-performance literature. Data were obtained from 63 hotel units representing eight quoted hotel companies, and various planning-performance relationships were examined. The results indicated that the key planning characteristics of throughness, sophistication, participation, and formality were positive, and in most cases significantly related, to seven indicators of business performance.     

Seeing the forest for the trees: tourism and the International Year of Forests

The year 2011 is the United Nations International Year of Forests. In addition to performing extremely significant environmental, economic, and social services, forests are also important tourism attractions in their own right and locations for recreation and tourism activities. The limited statistical data available suggest that there are billions of tourism and recreational visits to forests each year. This paper provides a global overview of biodiversity conservation, protected areas, recreational access, and management objectives in forests before outlining some of the main themes in the relationship between tourism and forests. It concludes that there is a need for a research effort on tourism and forests in order to provide greater recognition for the economic and environmental contributions of tourism in forest areas as well as the overall value of forests for health and wellbeing.     

Farming and tourism enterprise: Experiential authenticity in the diversification of independent small-scale family farming

This article examines the business choices made by independent farming families, when confronting the need to diversify away from traditional agricultural activities by starting farm-based tourism businesses. Based on interviews with farm family members who have set up tourism attractions on their farms, and drawing upon the concept of experiential authenticity, the article explores their self-conceptions of their family identities. In so doing, it addresses the choices and dilemmas facing farm families who attempt diversification through the tourism attraction route, and considers how this affects their attitudes towards more traditional farming activities. Using qualitative case study data, an empirically grounded framework is proposed that expresses the choices and challenges facing tourism entrepreneurial family farm members in the UK, through the conceptual lens of experiential authenticity.     

Analysis of the financial practices of high and low performing firms over periods of peaks and troughs of the restaurant industry cycle

This study examined the financial practices of high and low performing firms in the restaurant business over the industry cycles. The purpose is to determine whether differences exist in the financial practices of high performers versus low performers during different stages of the cycle. In this manner, this study is able to reveal the nature of financial practices of successful firms in the restaurant business. Results show that the patterns of exercising their financial strategy over the industry cycles are significantly different. The findings of this study can be used for improving corporate investment performance through understanding the cyclical behavior of the economy and the restaurant industry. This should then presumably result in competitive investment decisions of various firms, thereby improving the effectiveness of resource allocation.