scholarly journals Airbnb Offer in Spain—Spatial Analysis of the Pattern and Determinants of Its Distribution

2019 ◽  
Vol 8 (3) ◽  
pp. 155 ◽  
Author(s):  
Czesław Adamiak ◽  
Barbara Szyda ◽  
Anna Dubownik ◽  
David García-Álvarez
Keyword(s):  
Spatial Analysis ◽  
Spatial Autocorrelation ◽  
Regression Models ◽  
Peer To Peer ◽  
Tourism Demand ◽  
Property Market ◽  
Large Cities ◽  
Tourism Sector ◽  
The Impact

The rising number of homes and apartments rented out through Airbnb and similar peer-to-peer accommodation platforms cause concerns about the impact of such activity on the tourism sector and property market. To date, spatial analysis on peer-to-peer rental activity has been usually limited in scope to individual large cities. In this study, we take into account the whole territory of Spain, with special attention given to cities and regions with high tourist activity. We use a dataset of about 250 thousand Airbnb listings in Spain obtained from the Airbnb webpage, aggregate the numbers of these offers in 8124 municipalities and 79 tourist areas/sites, measure their concentration, spatial autocorrelation, and develop regression models to find the determinants of Airbnb rentals’ distribution. We conclude that apart from largest cities, Airbnb is active in holiday destinations of Spain, where it often serves as an intermediary for the rental of second or investment homes and apartments. The location of Airbnb listings is mostly determined by the supply of empty or secondary dwellings, distribution of traditional tourism accommodation, coastal location, and the level of internationalization of tourism demand.

Spillovers from tourism demand to tourism equity indices

2021 ◽  
pp. 135481662110294
Author(s):  
Faruk Balli ◽  
Muhammad Abubakr Naeem ◽  
Hatice Ozer-Balli
Keyword(s):  
Financial Markets ◽  
Stock Returns ◽  
International Tourism ◽  
Tourism Demand ◽  
Tourism Sector ◽  
Equity Indices ◽  
The Impact

In this article, we analyse the extent of the spillover from international tourism demand on tourism sector equity indices and find that the magnitude of the spillovers are quite dispersed across different markets, which is in line with previous studies. Novel to the literature, we examine the impact of solvency and profitability positions of the firms in the tourism equity indices on evaluating the magnitude of the spillovers from tourism demand to sector equity indices. Firms that have better solvency ratios and operated in deeper financial markets find their stock returns are affected less from the fluctuations in tourism demand. Profitability positions of the firms, however, do not have significant impact on explaining the spillovers.

scholarly journals El Entorno Macroeconómico Y Su Influencia En La Competitividad En El Sector Turismo En México

Xihmai ◽  
2013 ◽  
Vol 8 (16) ◽  
Author(s):  
Jesús Amador Valdés Dí­az de Villegas
Keyword(s):  
Value Added ◽  
Tourism Demand ◽  
Demand And Supply ◽  
Factors Affecting ◽  
Local Resources ◽  
Tourism Sector ◽  
Tourism Enterprises ◽  
The Impact ◽  
Macroeconomic Environment ◽  
Value Added Products

Resumen En el caso del sector turismo, su competitividad  se define como la capacidad de un destino para crear e integrar productos con valor añadido, de tal forma que se logren empelar los recursos locales y que se logre mantener su posición dentro del mercado  (Hassan, 2000). Para México el Sector Turismo tiene gran importancia, por su participación en el PIB, el análisis de los factores que influyen en su nivel de eficiencia es fundamental, dado que de ella depende el nivel de competitividad. Estos factores pueden ser exógenos (los que determinan el entorno) y endógenos propios de la empresa. El objetivo en el trabajo es analizar el entorno macroeconómico en que se desarrollan las empresas turí­sticas en México y el impacto en los grados de competitividad para las empresas que se encuentran dentro del sector. Por tanto para lograr este fin, se parte metodológicamente de variables que determinan las prioridades del consumo del bien turí­stico (ocio e ingreso), para poder realizar el análisis de la demanda y de la oferta turí­stica, involucrando solo otras variables exógenas al  entorno macroeconómico siempre y cuando sean requeridas por el estudio. Palabras Claves: Entorno Macroeconómico, Competitividad, Turismo, Demanda turí­stica, Oferta turí­stica   Abstract For the tourism sector, its competitiveness is defined as the ability of a destination to create and integrate value-added products, so as to achieve empelar local resources and is able to maintain its market position (Hassan, 2000). For Mexico the Tourism Sector is very important, for its share of GDP, the analysis of the factors affecting their efficiency is critical, since it depends on the level of competitiveness. These factors may be exogenous (which determine the environment) and endogenous own company. The objective is to analyze the macroeconomic environment in which they develop tourism enterprises in Mexico and the impact on the degree of competitiveness for businesses that are within the sector. So to this end, is methodologically part of variables that determine the priorities of the good tourist consumption (leisure and income), to perform the analysis of the demand and supply of tourism, involving only other exogenous macroeconomic variables always and when required by the study Keywords: Macroeconomic Environment, Competitiveness, Tourism, tourism demand, tourism Offer

USE OF SPATIAL AUTOCORRELATION TO BUILD REGRESSION MODELS OF TRANSACTION PRICES

2013 ◽  
Vol 21 (4) ◽  
pp. 65-74 ◽  
Author(s):  
Radosław Cellmer
Keyword(s):  
Spatial Autocorrelation ◽  
Regression Models ◽  
Spatial Regression ◽  
Research Work ◽  
Property Market ◽  
Spatial Error ◽  
Spatial Lag Model ◽  
Spatial Weights Matrix ◽  
Lag Model ◽  
Spatial Regression Models

Abstract This paper presents the principles of studying global spatial autocorrelation in the land property market, as well as the possibilities of using these regularities for the construction of spatial regression models. Research work consisted primarily of testing the structure of the spatial weights matrix using different criteria and conducting diagnostic tests of two types of models: the spatial error model and the spatial lag model. The paper formulates the hypothesis that the application of spatial regression models greatly increases the accuracy of transaction price prediction while forming the basis for the creation of cartographic documents including, among others, maps of land value.

scholarly journals Mexico and Uruguay inbound tourism demand

2019 ◽  
Vol 13 (3) ◽  
pp. 161-182
Author(s):  
Gabriela Mordecki ◽  
Ana Cecilia Leiva ◽  
Nathalie Desplas Puel
Keyword(s):  
Income Elasticity ◽  
Institutional Changes ◽  
Tourism Demand ◽  
Main Determinant ◽  
Tourism Sector ◽  
The Us ◽  
The Impact ◽  
The Relationship ◽  
Cointegration Relationship ◽  
Important Activity

The main objective of this paper is to estimate the tourism demand for Mexico and Uruguay, two very different countries, but for both of which tourism is an important activity, and mainly originating from a large neighbor. We try to analyze whether the determinants of tourism demand differ depending on the size of the country, or if being a neighboring country is the main determinant. So, we analyze the relationship between the number of American tourists visiting Mexico and Argentinian tourists visiting Uruguay, and the inbound tourists’ income and the bilateral real exchange rate (RER) between the visiting country and the hosting country, following the Johansen’s methodology. We found one cointegration relationship for each country, where the income-elasticity was greater than 2 for American tourists visiting Mexico, and nearly 3 for Argentinian tourists visiting Uruguay. Bilateral RERs were also significant in both models. Moreover, forecasts show the impacts of institutional changes on the tourism sector. The impact of arrival of President Macri to power was positive for Argentinian tourists visiting Uruguay, but President Trump's arrival in the US was negative for American tourists visiting Mexico.

scholarly journals Los gastos públicos de promoción de los destinos y la demanda turística interior en España

2020 ◽  
Vol 34 (3) ◽  
pp. 573
Author(s):  
Bernardí Cabrer Borrás ◽  
Paz Rico Belda ◽  
Amparo Sancho Pérez
Keyword(s):  
Panel Data ◽  
Gravity Model ◽  
Domestic Demand ◽  
Tourism Demand ◽  
Data Set ◽  
Relevant Variable ◽  
Tourism Sector ◽  
Domestic Tourism ◽  
The Impact ◽  
Tourism Flows

Despite the high proportion of domestic demand in the Spanish tourism sector, few studies focus on analysing domestic tourism flows. Nor there is much research examining the impact of public promotional spending on tourism demand. This article aims to address these two aspects by examining the determinants of tourism demand from the domestic Spanish market, using a gravity model and with particular emphasis on public promotional spending. To  this end, we used a panel data set of 4046 observations from origin and destination matrices of travellers between the seventeen Spanish regions over the period 2000-2013. The results indicate that promotional spending is a relevant variable in the explication of domestic tourism flows, and also highlight that promotional spending has  a greater effect on local tourists than on those from other tourist regions.

scholarly journals Food Festivals and the Development of Sustainable Destinations. The Case of the Cheese Fair in Trujillo (Spain)

2019 ◽  
Vol 11 (10) ◽  
pp. 2922 ◽  
Author(s):  
José Antonio Folgado-Fernández ◽  
Elide Di-Clemente ◽  
José Manuel Hernández-Mogollón
Keyword(s):  
Scientific Literature ◽  
Small Towns ◽  
Local Economy ◽  
The Sustainable Development ◽  
Large Cities ◽  
Tourism Sector ◽  
Non Local ◽  
Exhaustive Study ◽  
The Many ◽  
The Impact

Food-based events and festivals are being increasingly organized around the world, both in large cities and in small towns with the aim of attracting the many benefits they provide to the destinations where they are held. While the impact of mega events is sufficiently studied in scientific literature, the works that address the effects of small events are still scarce. To close this gap, this research investigates the significance of small food-based events for tourism and the sustainable development of destinations. An exhaustive study of a renowned festival based on cheese was carried out in the Spanish city of Trujillo. A survey was used to ask non-local attendants and it explored their motivations, the event itself, the assessment of the permanent elements of the destination, and loyalty to the festival. The impact of these small festivals is not only relevant for the tourism sector and the sustainable positioning of the destination, however it is also relevant for the local economy due to the consumption of local gastronomic products. Given their role in attracting visitors, these small festivals as tourist motivators must be integrated into the communication campaigns of those destinations that seek to enhance their sustainability.

scholarly journals Tourism and Economic Globalization: An Emerging Research Agenda

2017 ◽  
Vol 57 (8) ◽  
pp. 999-1011 ◽  
Author(s):  
Haiyan Song ◽  
Gang Li ◽  
Zheng Cao
Keyword(s):  
Economic Globalization ◽  
Modern World ◽  
Supply Side ◽  
Tourism Demand ◽  
Future Directions ◽  
Quantitative Evidence ◽  
Tourism Sector ◽  
The World ◽  
Global Events ◽  
The Impact

Globalization characterizes the economic, social, political, and cultural spheres of the modern world. Tourism has long been claimed as a crucial force shaping globalization, while in turn the developments of the tourism sector are under the influences of growing interdependence across the world. As globalization proceeds, destination countries have become more and more susceptible to local and global events. By linking the existing literature coherently, this study explores a number of themes on economic globalization in tourism. It attempts to identify the forces underpinning globalization and assess the implications on both the supply side and the demand side of the tourism sector. In view of a lack of quantitative evidence, future directions for empirical research have been suggested to investigate the interdependence of tourism demand, the convergence of tourism productivity, and the impact of global events.

Does institutional quality affect tourism demand? Evidence from India

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Reffat Mushtaq ◽  
Aijaz Abdullah Thoker ◽  
Aaqib Ahmad Bhat
Keyword(s):  
Trade Openness ◽  
Institutional Quality ◽  
Positive Association ◽  
International Tourism ◽  
Tourism Demand ◽  
Content Type ◽  
Regulatory Quality ◽  
Tourism Sector ◽  
The Individual ◽  
The Impact

PurposeThe purpose of this paper is to empirically examine the impact of institutional quality on the international tourism demand of India. To carry out the analysis, the study first analyses the impact of composite institutional quality index and then proceeds to examine the impact of each of the individual components of institutional quality on the international tourism demand of India. The impact of income of the tourist originating countries, tourism price, trade openness and Human Development Index (HDI) on tourism demand has also been examined.Design/methodology/approachThe study employed panel autoregressive distributed lag (ARDL) model, with data from top 30 tourist originating countries for India for the period of 1995–2016.FindingsThe results indicated that an increase in the income of the tourist originating countries has spillover effects on the development of tourism sector of India. The impact of cost of travel proxied by relative prices between the destination and origin country is found to be negative, however, statistically insignificant. The impact of trade openness and development level of the host country (proxied by HDI) is found to have positive association with the tourism demand. Institutional quality is found to have positive association with international tourism demand of India. Among the individual components of institutional quality, rule of law, regulatory quality, control of corruption and voice and accountability are found to promote the tourism sector development in the economy. Contrarily, the impact of government effectiveness is found to be negative. In the short run, most of the variables were found to support their counterpart results in long run.Practical implicationsThis study has practical implication not only in formulating tourism sector policies of the host countries but also for issuing tourist advisories in tourist originating countries. The study holds that policymakers should work for improving institutional environment of the country such as bureaucracy, legislature, regulatory quality, rule of law and for reducing corruption at all levels so as to ensure a sustained rise in tourist inflows to India.Originality/valueThis study validates the link between institutional quality of a country and international demand for its tourism. To the best of the authors' knowledge, the study is the first attempt that has comprehensively analysed the impact of institutional quality on tourism demand in Indian context which has been generally ignored in the tourism literature.

FAKTOR DETERMINAN PENYALURAN KREDIT BANK PERSERO

2018 ◽  
Vol 23 (1) ◽  
pp. 60-71
Author(s):  
Wigiyanti Masodah
Keyword(s):  
Interest Rate ◽  
Linear Regression ◽  
Interest Rates ◽  
Regression Models ◽  
Linear Regression Models ◽  
Negative Impacts ◽  
Main Activity ◽  
The Impact ◽  
The Given ◽  
Multiple Linear Regression Models

Offering credit is the main activity of a Bank. There are some considerations when a bank offers credit, that includes Interest Rates, Inflation, and NPL. This study aims to find out the impact of Variable Interest Rates, Inflation variables and NPL variables on credit disbursed. The object in this study is state-owned banks. The method of analysis in this study uses multiple linear regression models. The results of the study have shown that Interest Rates and NPL gave some negative impacts on the given credit. Meanwhile, Inflation variable does not have a significant effect on credit given. Keywords: Interest Rate, Inflation, NPL, offered Credit.

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