Exploring the tourism markets’ convergence hypothesis in Italy

This article aims at investigating the tourism markets’ convergence hypothesis across Italy’s 20 major source markets. To reach our goal, we use monthly data of tourist arrivals and overnights over the period 2008–2018 and the time-varying factor model developed by Phillips and Sul (2007, 2009). Our findings suggest the absence of full (absolute) convergence, leading us to accept the hypothesis of club convergence. We show that the traditionally more important source markets have a tendency to persist, while Asian countries show heterogeneous behaviour. Furthermore, the relative decline in the contribution to total arrivals and overnights of several international source markets calls for a…

Tourism expenditure and tourism intra-destination mobility

Supplemental Material, Appendix - Exploring the tourism markets’ convergence hypothesis in Italy

Supplemental Material, Appendix for Exploring the tourism markets’ convergence hypothesis in Italy by Pietro Pizzuto and Caterina Sciortino in Tourism Economics

Indicators for Tourist Destinations: A General Assessment

The assessment and monitoring of tourist destinations is now more than ever a prerogative of governments around the world. The contiguous situation caused by the outbreak of the COVID-19 pandemic is pushing local destinations to adopt new standards that have never been considered until now. In addition, the collapse of tourist demand and the partial recovery of tourist activities could, in the medium term, affect tourist flows, but more importantly the tourist supply, which still suffers from suppliers and producers damaged by the blockage of services and production. The work aims to provide a general assessment of sustainability and competitiveness indicators, describing the work carried o…

COVID‐19 and tourism: What can we learn from the past?

Abstract The impact of the COVID‐19 crisis on tourism flows is without precedent in terms of speed and severity. In this paper, we try to infer a possible future scenario for the tourism sector, evaluating the medium‐term effects of past pandemics on tourist arrivals. We find that pandemics lead to a persistent decline in tourist arrivals, with the effects being larger in developing and emerging countries. Interestingly, the effects are heterogeneous across countries and episodes, and depend on several economic conditions such as the overall health system performance, the severity of the shock, and the uncertainty induced by the pandemic event.