Search results for " tourism industry"
showing 8 items of 8 documents
Power laws and the market structure of tourism industry
2013
In this article, we use both graphical and analytical methods to investigate the market structure of one of the world’s fastest growing industries. For the German and Italian datasets, we show that the size distribution of tourism industry is heavy-tailed and consistent with a power-law behavior in its upper tail. Such a behavior seems quite persistent over the time horizon covered by our study, provided that during the period 2004–2009, the shape parameter is always in the vicinity of 2.5 for Germany and 2.6 for Italy. Size of the tourism industry has been proxied by the lodging capacity of hotel establishments: hotels, boarding houses, inns, lodging houses, motels, apartment hotels, touri…
¿Por qué Turismo? Repensar el auge del turismo
2017
In the present work we consider the reasons that explain the spectacular tourism boom in the last 5 decades. The traditional responses to this phenomenon, presented a whole "frond" of tourist-economical interactions: tourism as a "motor of development", tourism as "dynamizing the economic system", etc. Therefore, our objective is to contrast this Tourism-Development-Economic Growth framework, certainly suggestive. In order to avoid mystifications it is necessary to define somewhat ambiguous concepts such as Development (and its interactions with Tourism) and to deepen the economic impact of Tourism, the ultimate root of all that "frond" that seems to be the basis of This formidable theoreti…
Impact of COVID-19 on the travel and tourism industry.
2021
Abstract Our paper is among the first to measure the potential effects of the COVID-19 pandemic on the tourism industry. Using panel structural vector auto-regression (PSVAR) (Pedroni, 2013) on data from 1995 to 2019 in 185 countries and system dynamic modeling (real-time data parameters connected to COVID-19), we estimate the impact of the pandemic crisis on the tourism industry worldwide. Past pandemic crises operated mostly through idiosyncratic shocks' channels, exposing domestic tourism sectors to large adverse shocks. Once domestic shocks perished (zero infection cases), inbound arrivals revived immediately. The COVID-19 pandemic, however, is different; and recovery of the tourism ind…
Tourism and territorial growth determinants in insular regions: A comparison with mainland regions for some European countries (2008–2019)
2022
The article investigates the different growth patterns of islands and mainland regions by looking at their tourism and territorial characteristics differences. We considered per capita income and employment growth patterns in a panel data model focused on 74 regions in seven European coun- tries from 2008 to 2019. The results show how the impor- tance of some growth factors, especially those related to tourism and environmental sustainability, varies between islands and mainland regions. The article suggests specific policy implications for island regions in line with the European Union guidelines. Our findings support the need to pursue different approaches to sustain growth in islands and…
The Impact of Architecture in the Hospitality Industry: The Decision Choice in the Case of Cyprus Island
2022
In an increasingly competitive market, hospitality architecture design can be significant for tourism and destinations. This article addresses the role of hotel architecture in tourism destinations and the case of Cyprus Island. The tourist market is dominated by international groups and brands, which develop modern architecture and design for the hotels industry creating a new attraction based on architectural design. This paper examines the role of architecture in hospitality accommodation by considering the demand side. The survey was based on a questionnaire and applied multinomial regression models. The results show that hotel architecture impact can influence the selection of the dest…
Italy's Island Systems: Competitiveness in the Mediterranean Context
2021
From ancient times, the Mediterranean basin has connected peoples from different countries, facilitating both commercial and cultural exchanges. Within the Mediterranean basin, both large and small islands have always been transit and temporary stopping places, thereby promoting trade and acting as sorting centers for goods and knowledge. Today, these territories, which differ in size, population and economic and cultural activities, are the core of new exchanges and activities, among which tourism stands out. The Mediterranean basin has more than 100 islands belonging to six states that are members of the European Union (EU). However, despite the diversity and uniqueness of each island, th…
The effect of agglomeration economies and geography on the survival of accommodation businesses in Sicily
2021
The study explores the geographical pattern of the accommodation industry in the Italian insular region of Sicily, focusing on the determinants of the risk of market exit. We adopt a standard framework of business survival analysis where agglomeration economies play an important role. We then extend the analysis by considering the role of geography to explore whether the risk of market exit depends on nearness to desirable amenities. The geography is here measured by the distance from the coast and the altitude of the place where the firm is located. When we look at the entire population of accommodation firms that started between 2010 and 2014, we find evidence that the risk of failure inc…
L’industria dei viaggi e del turismo in Italia: aspetti definitori, dinamiche intersettoriali ed effetti della crisi
2022
The travel and tourism industry has an increasingly central role in countries’ economies due to its ability to contribute significantly to the production of various economic sectors. Despite this growing importance, the literature’s attention to analysing the productive articulations that characterise appears very limited to date. This article presents an overview of the primary lit- erature on the travel and tourism industry and then conducts a quantitative analysis through the Satellite Accounting of Tourism in Italy. Tourism consumption and production in the years 2010, 2015, 2017 and 2019 are compared, and then the effect of the pandemic is analysed by compar- ing the data in 2020. Fina…