Impacts on travel and holiday accommodation online booking in selected South-East European countries: a multivariate analysis approach

Abstract

Abstract. This paper investigates the impacts of economic indicators and the Internet penetration rate, as well as people's ICT skills based on the Percentage of Individuals who booked travel and holiday accommodation over the Internet as the main variable under study. Recent data on member states in the European Union (EU28) are analyzed, including data on the three official EU candidate countries: Turkey, the FYR of Macedonia and Serbia. The research focuses on the position of the above mentioned EU candidates, considered part of South East Europe (SEE) and the Western Balkans (WB). The main variable under study and four variables making a statistically significant impact on the main variable are explored. High positive correlations between pairs of the variables for 30 countries were found. Multiple linear regression modelling using the OLS estimators resulted in several acceptable models. Most hierarchical and non-hierarchical clustering methods resulted in clear grouping of the SEE countries (Turkey, the FYR of Macedonia, Serbia, Bulgaria and Romania) into the same clusters. Other more developed SEE countries in terms of the analyzed variables and utilizing specific clustering techniques joined other EU countries in different combination setups.

Housing affordability crisis and vulnerable social groups in Turkey

“…This evidence is in line with the findings of Asici et al. (2011), Dumičić et al. (2015), Coskun and Jadevicius (2017), and Coskun (2021).…”

“…Türel and Koç (2015) argue that the affordability problem faced by moderate-to-lower income households is eased with the supply of housing at highly different prices and the production of owner-occupier housing by the Housing Development Administration (HDA) in Turkey. By using median house price to median income ratio for the year 2015, Dumičić et al. (2015) find that Turkey had the highest housing affordability level and different housing affordability characteristics in comparison to Albania, Austria, Bosnia and Herzegovina, Croatia, Montenegro, Serbia, and Slovenia.…”

The Impact of Selected Macroeconomic Variables on House Prices in Croatia

“…In the same research, the authors also determined the positive impact of subsidizing housing loans on the increase in house prices, which was also the goal of research by other authors. Dumičić, Časni & Šprajaček (2012) investigated the relationship between the housing sector and macroeconomy in Croatia by estimating a structural vector autoregressive (SVAR) model and quarterly data of the real GDP for the Euro zone and Croatia, financial conditions index, the consumer price index and the real hedonic real estate price index in the period from March 1997 to March 2008. The obtained results suggest that the developments in house prices and other domestic variables were mainly caused by external shocks whereby the changes in real estate prices have significant influence on domestic variables in Croatia.…”

Housing Affordability Issues in Ukraine

“…The social and statistical issues of housing provision were investigated in numerous studies, e.g. by W. Adema and M. Plouin [2], K. Dumičić, B. Žmuk [3], which analyze housing affordability in different countries and discuss recommendations for governments to make housing more affordable. Important issues VALERII NOVIKOV, ANNA HVELESIANI of housing affordability are the ability of the population to pay for housing and utility services, which are considered in the studies by V. Sarioglo [4,5], M. Ohay [5], G. Tereshchenko [5].…”