scholarly journals The Fundamental Equation in Tourism Finance

2015 ◽  
Vol 8 (4) ◽  
pp. 369-374 ◽  
Author(s):  
Michael McAleer
Keyword(s):  
Fundamental Equation ◽  
Practical Method ◽  
Financial Econometrics ◽  
Tourism Industry ◽  
Empirical Finance ◽  
Energy Industry ◽  
Tourism Research ◽  
The World ◽  
Tourism Expenditure ◽  
Oil Gas

The purpose of the paper is to present the fundamental equation in tourism finance that connects tourism research to empirical finance and financial econometrics. The energy industry, which includes, oil, gas and bio-energy fuels, together with the tourism industry, are two of the most important industries in the world today in terms of employment and generating income. The primary purpose in attracting domestic and international tourists to a country, region or city is to maximize tourism expenditure. The paper will concentrate on daily tourism expenditure, regardless of whether such data might be readily available. If such data are not available, a practical method is presented to calculate the appropriate data.

TOURIST BUSINESS DEVELOPMENT IN UKRAINE

2019 ◽  
pp. 39-46
Author(s):  
Stefania Mosiuk ◽  
Igor Mosiuk ◽  
Vladimir Mosiuk
Keyword(s):  
National Economy ◽  
Methodological Approach ◽  
Business Development ◽  
Tourism Industry ◽  
The State ◽  
Complete Analysis ◽  
Resource Potential ◽  
The World ◽  
Potential Resource ◽  
Favorable Conditions

The purpose of the article is to analyze and substantiate the development of tourism business in Ukraine as a priority component of the national economy. The methodology of this study is to use analytical, spatial, geographical, cultural and other methods. This methodological approach provided an opportunity to carry out a complete analysis of the state of the tourism industry of the state and to draw some conclusions.The scientific novelty lies in the coverage of the real and potential resource potential for the development of the recreational and tourism sphere in Ukraine, detailing the measures for the country ‘s entry into the world tourist market. Conclusions. Analyzing the state and prospects of tourism business development in Ukraine, it should be noted that this industry is one of the priority areas for improving the economy of the country. Historical, cultural – ethnographic, gastronomic, sanatorium and resort potentials of the country will lead the country into world leaders of the tourism industry when creating favorable conditions for investment and proper marketing.

The Energy Industry in the World of Tomorrow

1966 ◽  
Vol 22 (5) ◽  
pp. 59-66
Author(s):  
Robert L. Clark
Keyword(s):  
Energy Industry ◽  
The World

The Supply-Demand Research of Cultural and Tourism Industries Policies in China with the Impact of COVID-19

2020 ◽  
Vol 11 (1) ◽  
pp. 24-24
Author(s):  
Dr. Jianfei Yang
Keyword(s):  
Tourism Industry ◽  
Chinese Government ◽  
Cultural Industries ◽  
Real Situation ◽  
The Real ◽  
The World ◽  
The Impact ◽  
Near Future ◽  
Post Period

COVID-19 has made a bad influence on economic and society including cultural and tourism industry in China，2020.The industry has received a huge loss in the first quarter of the year and the situation is getting worse in the near future. It is believed that there will be a long impact for the country even the world. In order to recover the industry, Chinese government has published series of policies to support the enterprises and clusters to reduce the bad influence of COVID-19. This paper mainly uses filed survey and documentary research to map the real situation of the industry. It tries to find the policy demand of the industries and then analyze the policies published by government to conquer COVID-19. Meanwhile it will focus on whether the supply meet the demand and give suggestions on how to promote the policy efficiency in the post period of COVID-19 in China. Keywords: Evaluation; Cultural Industries; Policy; Park; Pandemic

RESERVOIRS IN THE MAJOR OIL-GAS-BEARING DEEPWATER BASINS OF THE WORLD AND THEIR CHARACTERISTICS

2011 ◽  
Vol 31 (5) ◽  
pp. 135-146
Author(s):  
Yuhai FAN ◽  
Hongjun QU ◽  
Gongcheng ZHANG ◽  
Yangwei FENG ◽  
Liqun GUAN ◽  
...  
Keyword(s):  
The World ◽  
Oil Gas ◽  
Gas Bearing

Domestic Tourism in Nepal: Issues and Challenges

2020 ◽  
Vol 24 (1) ◽  
pp. 37-49
Author(s):  
Sandeep Basnyat ◽  
Suryakiran Shrestha ◽  
Bijita Shakya ◽  
Reeja Byanjankar ◽  
Shubhashree Basnyat
Keyword(s):  
Developing Countries ◽  
South Asian ◽  
Business Environment ◽  
Institutional Arrangements ◽  
Tourism Industry ◽  
International Tourism ◽  
Tourism Research ◽  
Semistructured Interviews ◽  
Domestic Tourism ◽  
The Government

Compared to international tourism, domestic tourism is less susceptible to external changes and provides a more stable business environment for industry stakeholders. Traditionally, the focus of a majority of tourism research has been international tourism. Existing domestic tourism literature predominantly focuses on the potential of domestic tourism and the measurement of its demands, but greatly ignores the issues and challenges in the domestic tourism industry. This article fills this gap and examines the issues and challenges the domestic tourism industry is facing with a focus on Nepal, a South Asian developing country. The data for this study were collected through semistructured interviews with 20 tourism industry practitioners. The findings of this study demonstrate how uncertainties created by the lack of institutional arrangements and prioritization, and confusion around the appropriate ways and means of managing domestic tourism have contributed to the chaos in the private sector tourism industry in Nepal. Implications for the government and other stakeholders in Nepal and other developing countries have been discussed.

Films and Destination Promotion: An Exploratory Study

2015 ◽  
Vol 8 (1and2) ◽  
Author(s):  
Parvi Bharti
Keyword(s):  
Significant Role ◽  
Exploratory Study ◽  
Tourism Industry ◽  
Tourism Promotion ◽  
The World ◽  
The Government

Film tourism is quite a new concept, it is also referred to as film-induced or movie-induced tourism. It promotes the tourism advantage induced for any destination or country due to its exposure to public through the film media. This concept is at its nascent stage in the world. Many countries are found to work on this concept after realizing the benefits which can be reaped by their people, society and economy as a whole. Every theory, if advantageous, also tends to present some challenges. This mode of tourism promotion has its own benefits and challenges too for the administration, but, it depends on the government: local and central both, to make use of the concept in the manner befitting most for the locales and the economy. The international or worldwide famous films have been found to do wonders to the inflow of tourist for the country and shooting destinations in specific. Various governments have also started playing a significant role, and contributing by providing assistance to the film producers. In India we have had films promoting various destinations in the country itself through our own Bollywood, whereas some films under the international banner also have had some scenes or part of the film shot in the country. It would be of immense benefit to use this concept for the tourism industry of the country, but before that, it is essential to be prepared to deliver the required infrastructure and facilities. The study of this model is quite complex and requires an exhaustive research to understand the benefits (in exact measures) any country can reap for its economy. This paper aims to induce further research in the field and integrate the efforts and research in the field of tourism and management.

Modelling investment in the tourism industry using the World Bank's good governance indicators

2011 ◽  
Vol 6 (3) ◽  
pp. 279-296 ◽  
Author(s):  
Ruth Rios‐Morales ◽  
Dragan Gamberger ◽  
Ian Jenkins ◽  
Tom Smuc
Keyword(s):  
Good Governance ◽  
Tourism Industry ◽  
Governance Indicators ◽  
The World

scholarly journals The Language of Sustainable Tourism as a Proxy Indicator of Quality

2020 ◽  
Vol 13 (1) ◽  
pp. 25
Author(s):  
Rene Brauer ◽  
Mirek Dymitrow
Keyword(s):  
Research Evaluation ◽  
Sustainable Tourism ◽  
Research Impact ◽  
Tourism Industry ◽  
Tourism Research ◽  
The United Kingdom ◽  
Narrative Constructions ◽  
Assessment Format ◽  
The Impact ◽  
Global Travel

Sustainable tourism (ST) has recently become the mainstream of the tourism industry and, accordingly, has influenced contemporary tourism research. However, ST is not just theories about indications and contraindications of global travel, but also a specific language that needs mastering to take sustainability work forward. In other words, what research receives recognition depends on the proficiency in how the articulation in research proposals and within assessment under the heading of “research impact”. The aim of this paper is to investigate how tourism research gains recognition within research evaluation, by investigating the national research appraisal in the United Kingdom (Research Excellence Framework). By using content analysis, we disentangle the rhetorical choices and narrative constructions within researchers’ impact claims. Our findings suggest that researchers adopt a rhetorical style that implies causality and promotes good outcomes facilitating ST. However, the structure of the assessment format enforces an articulation of sustainable research impact without stating the methodological limitations of that such claim. Therefore, the rhetorical choices of ST researchers merely represent a proxy indicator of the claimed impact. We conclude that the lack of rigor in accounting for the impact of ST research may inadvertently restrict attaining ST.

scholarly journals Future trajectories of festival research

2021 ◽  
pp. 146879762199293
Author(s):  
Michelle Duffy ◽  
Judith Mair
Keyword(s):  
Climate Change ◽  
Daily Life ◽  
Theory Development ◽  
Departure Point ◽  
Future Directions ◽  
Tourism Research ◽  
Sense Of Purpose ◽  
Recent Scholarship ◽  
The World

In their editorial for the first issue of Tourist Studies, Adrian Franklin and Mike Crang made us aware that tourism research had shifted to an exploration of the extraordinary everyday where ‘more or less everyone now lives in a world rendered or reconfigured as interesting, entertaining and attractive – for tourists’. From our standpoint 20 years later, we suggest this particular departure point has important insights to offer our understanding of a quintessential tourism event, that of the festival, which now intervenes in daily life in all manner of ways. In this commentary, we present a reflective commentary on recent scholarship that advocates for more rigour in festival studies, with greater theory development and testing within the festival context, and how this work is suggestive of future directions for festival research. We present several areas that are ripe for further research, particularly given the tumultuous nature of the world we are living in, such as the challenges of climate change and how we might socialise in a post-Covid world. Much has changed in the 20 years since the inception of Tourist Studies, but festivals remain resilient – they will re-emerge in future, perhaps not unscathed but with a renewed sense of purpose.

Measuring the effects of tourists’ relative willingness to spend and third-degree price discrimination on inbound tourism expenditure differentials

2021 ◽  
pp. 135481662110300
Author(s):  
Usamah F Alfarhan ◽  
Khaldoon Nusair ◽  
Hamed Al-Azri ◽  
Saeed Al-Muharrami ◽  
Nan Hua
Keyword(s):  
Price Discrimination ◽  
Profit Maximization ◽  
Tourism Industry ◽  
Theoretical Argument ◽  
Total Expenditure ◽  
Conditional Quantile ◽  
For Profit ◽  
Inbound Tourism ◽  
Tourism Expenditure ◽  
Quantile Estimates

Tourism expenditures are determined by a set of antecedents that reflect tourists’ willingness and ability to spend, and de facto incremental monetary outlays at which willingness and ability is transformed into total expenditures. Based on the neoclassical theoretical argument of utility-constrained expenditure minimization, we extend the current literature by applying a sustainability-based segmentation criterion, namely, the Legatum Prosperity IndexTM to the decomposition of a total expenditure differential into tourists’ relative willingness to spend and an upper bound of third-degree price discrimination, using mean-level and conditional quantile estimates. Our results indicate that understanding the price–quantity composition of international inbound tourism expenditure differentials assists agents in the tourism industry in their quest for profit maximization.

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