Income elasticity of overnight stays over seven decades

Falk, Martin; Lin, Xiang

doi:10.1177/1354816618803781

Cited by 10 publications

(13 citation statements)

References 46 publications

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“…It has been well-established that income elasticities change across origin countries (Jensen, 1998;Smeral, 2003;Smeral, 2014) as they are sensitive to income levels and business cycles. Falk & Lin (2018) and Pham, Nghiem & Dwyer (2017) note how the estimation of income elasticities for each point of origin facilitates the identification of underserved and non-saturated markets (those more income-elastic) that can be seen as more attractive. Thirdly, Smeral (2003) employs income elasticities in the context of an investigation about the differences in the productivity gap between tourism and manufacturing sectors.…”

Section: Income Elasticity In Tourismmentioning

confidence: 99%

“…tourism exports or imports). Income is typically defined by measures like the Gross Domestic Product (GDP) per capita of the origin country, with a Purchasing Power Parity (PPP) correction in case of an international sample (Song, Romilly & Liu, 2000;Falk & Lin, 2018). In regard to price, the use of Consumer Price Indexes (CPI) for the destination is a staple in the literature as a proxy for the visitor's cost of living.…”

Section: Income Elasticity In Tourismmentioning

confidence: 99%

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The income elasticity gap and its implications for economic growth and tourism development: the Balearic vs the Canary Islands

Inchausti-Sintes

Voltes-Dorta

Suau-Sánchez

2020

Current Issues in Tourism

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The Balearic and the Canary Islands are two well-known tourism-led economies. They both experienced a tourism boom during the same decades, and, hence, they developed a similar productive-mix. Nevertheless, there are strong economic differences between the two regions. While the Balearic Islands enjoy a high GDP per capita, the Canary Islands show a more modest performance. The results of a panel data regression confirm our hypothesis that they differ substantially in terms of income elasticity of tourism. It is two times higher in the Balearic Islands than in the Canaries, which indicates the first is perceived as a more luxurious destination. Furthermore, the results of a dynamic computable general equilibrium model show that the Canaries would converge in GDP per capita with the Balearic Islands if they attracted tourists with a similar profile as the latter.

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Section: Income Elasticity In Tourismmentioning

confidence: 99%

Section: Income Elasticity In Tourismmentioning

confidence: 99%

The income elasticity gap and its implications for economic growth and tourism development: the Balearic vs the Canary Islands

Inchausti-Sintes

Voltes-Dorta

Suau-Sánchez

2020

Current Issues in Tourism

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“…The question arises as to how the time-varying model is estimated. One estimation method is the time-varying cointegration (TVC) method (Bierens and Martins 2010 ; Falk and Lin 2018c ). However, the method is difficult to use when there is a mixture of stationary and non-stationary variables.…”

Section: Empirical Modelmentioning

confidence: 99%

Time-varying impact of snow depth on tourism in selected regions

Falk

Lin

2019

Int J Biometeorol

Self Cite

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This study uses a time-varying model that provides new evidence on the changing relationship between domestic overnight stays of selected winter sport destinations and natural snow conditions. A Kalman filter method combined with wavelet-based multiresolution analysis (MRA) is employed to investigate the relationships in intervals between 2 and 4 and up to 16-32 months. The model is applied to domestic overnight stays for selected mountain regions in Sweden (Dalarna and Jämtland), Norway (Buskerud, Hedmark, Hordaland and Oppland) and Austria (Salzburg and Tyrol). Results show that the sensitivity of domestic overnight stays on natural snow conditions varies markedly depending on location, time period and frequency band window used in the estimation. The medium-run relation for Tyrol and Salzburg is significantly declining over time, while in Norway and Sweden, the same relationship is generally volatile and not significant at the end of the sample period. In the short run, none of the regions exhibits a link between domestic overnight stays and snow depth fluctuations.

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“…Theoretical, methodological and empirical aspects of the demand for tourist services were dealt with, among others, by the following authors: Cortés-Jiménez and Blake (2011), Schiff and Becken (2011), Nelson, Dickey and Smith (2011), Wu, Li and Song (2012, Baležentis et al (2012), Konovalova andVidishcheva (2013), Fuleky, Zhao andBonham (2014), Gatt and Falzon (2014), Untong et al (2014Untong et al ( , 2015, Peng et al (2015), Martins, Gan and Ferreira-Lopes (2017), Dogru, Mariyono (2017), Sirakaya-Turk and Crouch (2017), Khoshnevis Yazdi and Khanalizadeh (2017), Falk and Lin (2018), Fredman and Wikström (2018) and Kumar and Kumar (2020).…”

Section: Literature Reviewmentioning

confidence: 99%

Econometric examination of the impact of income on household expenditures for package holidays in Serbia

Hanić¹,

Bugarčić²,

Lukić³

2021

EurJ Appl Econ

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The subject of this paper is the econometric examination of the impact of income on expenditures, i.e. on the demand for package holidays of households in Serbia. The aim of this paper is to quantify the impact of income on household expenditures for package holidays in the country and abroad on the basis of alternative functional forms of Engel curves and elasticities derived from them. The starting research hypothesis is that with the increase in household income, the share of expenditures for tourist arrangements in total household expenditures in Serbia remains approximately unchanged. As sources of data, Household Budget Surveys in Serbia were used, which were conducted every year, starting from 2006 (until 2019). Based on the different functional forms of Engel curves, the parameters of the impact of income on expenditures for package arrangements were estimated, and then income elasticities were estimated. In addition to the impact of income, the impact of qualitative characteristics of households and especially household heads on expenditures for tourist arrangements was examined. With the help of appropriate statistical tests, the basic research hypothesis was proven and the influence of socio-economic and demographic characteristics of households on the demand for package holidays was quantified.

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Income elasticity of overnight stays over seven decades

Cited by 10 publications

References 46 publications

The income elasticity gap and its implications for economic growth and tourism development: the Balearic vs the Canary Islands

The income elasticity gap and its implications for economic growth and tourism development: the Balearic vs the Canary Islands

Time-varying impact of snow depth on tourism in selected regions

Econometric examination of the impact of income on household expenditures for package holidays in Serbia

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