Hotels’ occupancy rates and convergence: Empirical evidence from the first pandemic wave

Polemis, Michael; Tzeremes, Nickolaos

doi:10.1177/13548166211049871

Cited by 6 publications

(3 citation statements)

References 15 publications

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“…These eight source markets represent close to 40% of total stays in Andalusian hotel establishments and around 70% of overnight stays made exclusively by international travellers [47,48]. For this reason, DMOs and hotel operators traced consumers' demand patterns and occupancy rate to stimulate tourism demand [49,50]. The data on the occupancy rate of Andalusian hotels by province were collected from the IECA organization and contains annual and monthly aggregated occupancy rates of hotel classes from 2004 to 2022.…”

Section: Indicators Of Tourism Demand Empirical Evidence From Other S...mentioning

confidence: 99%

English, German, and French Tourists Are Key to the Success of Andalusian Destinations (Spain)

Florido-Benítez

2023

Sustainability

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Why was this research undertaken? Because in some tourist destinations the number of international tourists has a greater impact on the number of overnight stays at hotels compared to domestic tourism. The aim of this study was to analyse the main tourist market segments in destinations in Andalusia from 2004 to 2022, to demonstrate the relevance of, and dependency on, the tourism industry in this territory. The methodology used in this research collected secondary data from Spanish and Andalusian public organizations (IECA, INE, SAETA and AENA), and information related to this topic from researchers and organizations (primary data) to select specific indicators and to draw the appropriate conclusions. The findings of the current study reveal that English, German, French, Italian, Belgian, and American tourists are the main markets of the Andalusian provinces and their hotel establishments. In addition, these three segment markets depend on the air accessibility and connectivity provided by Andalusian airports. Moreover, it should be remembered that domestic tourism generates 35.1% of the overnight stays at Andalusian hotels. Domestic tourism helped the hoteliers of Andalusia to survive the pandemic crisis when inbound tourism dropped to zero. Andalusia constitutes an interesting case of study because it attracts a large amount of tourism demand. Although English, German, and French markets monopolize the number of overnight stays, DMOs need to attract tourists from other countries to diversify the tourism demand.

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Section: Indicators Of Tourism Demand Empirical Evidence From Other S...mentioning

confidence: 99%

English, German, and French Tourists Are Key to the Success of Andalusian Destinations (Spain)

Florido-Benítez

2023

Sustainability

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“…Another stream of more recent studies employs the log t test developed by Phillips and Sul (2007) for club convergence and provides mixed evidence (see e.g. Kourtidis et al, 2018; Me´rida et al, 2016; Pizzuto and Sciortino, 2021; Polemis et al, 2023). It is worth mentioning that the variants of unit root tests used in the literature do not consider the possibility of asymmetric convergence speed.…”

Section: Introductionmentioning

confidence: 99%

Exploring the tourism markets’ convergence hypothesis in South Korea

Matsuki

Pan

2023

Tourism Economics

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This paper examines the tourism markets’ convergence hypothesis across South Korea’s major source markets. In doing so, we use monthly data of visitor arrivals over the period July 1995 to June 2019 and adopt a novel quantile unit root tests that allows for multiple structural breaks via a Fourier expansion series. Our results indicate that seven countries out of 10 show firm convergence tendencies at most of the quantiles, and two countries have weak but significant converging trends at some quantiles.

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“…The importance of tourism growth (TOUR) in the generation of economic growth has been extensively recognized by academics and policymakers base the increase in their macroeconomic data on the expansion and development of these findings (Manrai et al, 2018;Flores-Muñoz et al, 2019;Nguyen et al, 2020;Polemis et al, 2021). Since the work by Balaguer and Cantavella-Jorda (2002), was the first one to formally refer to the tourism-led growth hypothesis (TLGH), a plethora of authors has investigated that discipline [1].…”

Section: Introductionmentioning

confidence: 99%

Analysing the linkage between total factor productivity and tourism growth in Latin American countries

Tzeremes

2022

JEFAS

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PurposeThe study aims to investigate the nexus between total factor productivity and tourism growth in Latin American countries for time series data from 1995 to 2017.Design/methodology/approachUsing the extension of the Granger noncausality test in the nonlinear time-varying of Ajmi et al. (2015), the study points out the interconnectedness between the variables during the period.FindingsThe study found nonlinear causality between the variables. Particularly, studying the conclusions for the time-varying Granger causality fashion, it can be noticed that the one-way causality from total factor productivity to tourism growth is obtained for Argentina, Bolivia, Brazil, Uruguay and Venezuela, while the vice versa is confirmed for Chile, Ecuador and Nicaragua. Lastly, the study dissected the plots of the curve causality.Practical implicationsIn view of the results, some crucial policy implications could be suggested, such as, under certain circumstances and as an exceptional case, the use of policy instruments such as targeted investment, marketing and the support of tourism organizations focused on driving a tourism-led-based productivity and/or tourism programs and projects.Originality/valueThe current work is distinguished from the existing body of understanding in several substantial directions. This work explores, for the first time, the linkages between the total factor productivity index and tourism growth for Latin American countries. No single attempt has been known to investigate this interaction by using nonlinear causality, and this study determines the shape of the curve between the total factor productivity index and tourism growth for each country.

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Hotels’ occupancy rates and convergence: Empirical evidence from the first pandemic wave

Cited by 6 publications

References 15 publications

English, German, and French Tourists Are Key to the Success of Andalusian Destinations (Spain)

English, German, and French Tourists Are Key to the Success of Andalusian Destinations (Spain)

Exploring the tourism markets’ convergence hypothesis in South Korea

Analysing the linkage between total factor productivity and tourism growth in Latin American countries

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