6533b7d8fe1ef96bd126a42a
RESEARCH PRODUCT
Exploring the tourism markets’ convergence hypothesis in Italy
Pietro PizzutoCaterina Sciortinosubject
ItalyTourism Leisure and Hospitality Managementmarket segmentation0502 economics and business05 social sciencesGeography Planning and Developmenttourism marketsSettore SECS-P/02 Politica Economica050211 marketingconvergence clubshuman activitieshealth care economics and organizations050212 sport leisure & tourismdescription
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 reconsideration of the promotional strategies to stimulate inbound tourism from these countries.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2020-07-15 | Tourism Economics |