A Revisit to the Impact of Exchange Rates on Tourism Demand: The Case Of Italy

Quadri, Donna L.; Zheng, Tianshu

doi:10.1080/10913211.2010.10653894

Cited by 25 publications

(19 citation statements)

References 38 publications

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“…Although this finding is not consistent with the previous results in some emerging tourism market, e.g. Thailand (McDowall & Wang, 2009) or Pakistan (Meo et al, 2018), however, at least our investigated result is also supported by some results in the developed countries (Balaguer & Cantavella-Jordá, 2002;Quadri & Zheng, 2010). About the lag variables, if the number of foreign tourist arrival rises by 1% in the first lag period, it will result in increasing the number of foreign tourists in the current period by 0.55% at the 1% significance level.…”

Section: Resultscontrasting

confidence: 95%

“…The evidence implied that the policymaker could use the exchange policy as a tool for increasing the international tourist earning in order to support economic growth. In another European country, Quadri and Zheng (2010) analyzed the relationship between exchange rates and international arrivals of 19 host countries in the case of Italy. However, the impacts had some differences between countries.…”

Section: Literature Reviewmentioning

confidence: 99%

“…When a country's currency devalues, international tourism becomes less expensive and, consequently, should result in increased foreign tourists to that country (Vita & Kyaw, 2013). There have been some studies showing the impact of the exchange rate on the national trade balance, but there are only a few studies aimed at exploring the impact of exchange rate policy on service sector such as tourism, unfortunately, most of the evidences coming from the developed economies (Balaguer & Cantavella-Jordá, 2002;Quadri & Zheng, 2010;Surugui et al, 2011;Yazdi & Khanalizadeh, 2017). In macro-economic terms, spending by international visitors counts as exports for the destination country and as imports for the country of residence of the visitors (World Tourism Organization, 2017).…”

Section: Introductionmentioning

confidence: 99%

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Does exchange rate affect the foreign tourist arrivals? Evidence in an emerging tourist market

Tùng¹

2019

10.5267/j.msl

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The rate of foreign tourist arrivals coming to Vietnam as an emerging tourism market has been increased significantly bringing enormous benefits for improving the socio-economic indicators. The purpose of this paper is to examine the impact of exchange rate policy on the number of foreign tourist arrivals in Vietnam over the period 2006-2018. Our regression results show the exchange rate maintained a positive impact on the demand of foreign tourists and indicate that the domestic currency devaluation also had a positive effect on the number of foreign tourists to Vietnam. Besides, the quantitative result also indicates the number of foreign tourist arrival in the early periods had a positive impact on itself in the current period. Furthermore, the Granger causality test confirms the existence of a one-way causal relationship between the exchange rate and the number of foreign tourist arrivals. Finally, the paper provides some implications for policymakers in order to efficiently use the exchange rate policy to increase the number of foreign tourist arrivals in the coming time.

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Section: Resultscontrasting

confidence: 95%

Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Does exchange rate affect the foreign tourist arrivals? Evidence in an emerging tourist market

Tùng¹

2019

10.5267/j.msl

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“…They argued that inflexibility and less volatility in exchange rate have resulted more positively on international tourist arrivals. On the other hand, Quadri and Zheng () analyzed effect of exchange rate on inbound tourist arrivals in Italy with use of regression approach and concluded that exchange rates have no significant effect on tourist arrivals. Garin‐Munoz and Montero Martin () conducted study on inbound tourism demand to Spain and concluded that exchange rates play vital role in tourism determinants for the country.…”

Section: Literature Reviewmentioning

confidence: 99%

Asymmetric effects of real exchange rate on inbound tourist arrivals in Malaysia: An analysis of price rigidity

Karimi

Khan

Karamelikli

2018

Journal of Tourism Research

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Present research is sought to analyse asymmetrical effects of exchange rates and income of tourists on tourist arrivals in Malaysia. A non-linear model has been formulated to examine symmetrical and asymmetrical effects of exchange rate quarterly data from year 2000 to 2017. Results have revealed that both depreciation and appreciation of domestic currency value lead to a decrease in number of inbound tourist arrivals at long run. Moreover, it is found that price rigidity in Malaysian tourism sector may influence decision of tourists to select alternative destination. Besides, reduction in the real-effective exchange rate does not have adverse effect in the long run.

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“…Italy from 19 other nations, Quadri and Zheng (2010) find that exchange rates have no effect on tourism demand. Only Bailey, Flaneigin, Racic, and Rudd (2009) present evidence on the currency exchange rates effect on hotel occupancy using recent data, however their results come from a univariate analyses absent of controls afforded by a fully-specified demand model.…”

Section: Exchange Rates and Travel Demandmentioning

confidence: 91%

How currency exchange rates affect the demand for U.S. hotel rooms

Corgel

Lane²,

Walls³

2013

International Journal of Hospitality Management

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This study addresses the question of how currency exchange rates affect aggregate hotel demand in the U.S. over time, among chain scales, and gateway cities. The effect is isolated after controlling for hotel room rates, real personal income, and other demand determinants. Exchange rates had a significant, although minor, influence on U.S. hotel demand from 1992 Q1-2012 Q1. Disaggregate analyses using data organized by time periods corresponding to Internet availability does not offer new insights about how exchange rates affect U.S. hotel demand. Analyses using chain scale and gateway city data, however, reveal that exchange rates strongly influence hotel demand in luxury, upper-upscale, and upscale segments, with a much weaker relationship among lower-price hotels. The exchange rate effect is strongest for upper-price hotels in gateway cities.

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A Revisit to the Impact of Exchange Rates on Tourism Demand: The Case Of Italy

Cited by 25 publications

References 38 publications

Does exchange rate affect the foreign tourist arrivals? Evidence in an emerging tourist market

Does exchange rate affect the foreign tourist arrivals? Evidence in an emerging tourist market

Asymmetric effects of real exchange rate on inbound tourist arrivals in Malaysia: An analysis of price rigidity

How currency exchange rates affect the demand for U.S. hotel rooms

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