Overtourism spoils the good economic and social results produced by the tourism sector, causing reductions in the quality of service of the tourist destination and rejection by the local population. Previous literature has suggested that social networks and new electronic channels could be accelerators of the process of overcrowding destinations; however, this link has not been established. For this reason, in this exploratory study, the influence of social networks on overtourism is analysed using Barcelona as a base, as Barcelona is a massively popular destination in the country that is second in the world in reception of tourists to Spain. This study is also focused on Chinese tourism, which brings large numbers of tourists and presents great economic potential. Two types of study have been used: big data techniques applied to social media with sentimental analysis, and analysis of travel packages offered in China to travel to Spain. Relevant results are obtained to understand the influence of social networks on the travel behaviour of tourists, possible contributions to overtourism, and recommendations for the management of tourism.
The models used for analyzing and measuring quality in tourist destinations are changing with the incorporation of new techniques derived from data science and artificial intelligence. Recent studies show how social media and e-word of mouth (e-WoM) are playing key roles in the perception and image diffusion of tourist destinations. Thus, it is necessary to look for new methods for analyzing the tourist management and attractiveness of tourist spots. This includes conducting a sentiment analysis of tourists that modifies former research methods based on previously proposed model, supported by a survey, which obtained predefined and incomplete results. This study analyzed the quality of tourism in Spain, a major tourist destination that is considered to be the country with the greatest tourist competitiveness according to the World Economic Forum, and in China, the country with the greatest level of development and potential. A sentiment analysis was carried out to measure the quality of tourist destinations in Spain, and this involved three challenges: (1) the analysis of the sentiments of Chinese tourists obtained from e-WoM; (2) the use of new models to measure the quality of a destination based on information from Chinese social networks, and (3) the use of the latest artificial intelligence analytical technologies. Our findings demonstrate how sentiment analysis can be a determining factor in measuring WoM and identifying areas of development in tourist destinations in order to build a more sustainable destination. The results includes the following aspects: (1) the use of real images with more empirical evidence, (2) the use of impressive and disappointing sentiments, (3) a “no comment status”, (4) elimination of stereotypes, and (5) the identification of new opportunities and segments.
A review of the literature regarding the supply shock effects of a firm's initial public offering on its publicly traded rivals leads to a redefinition of the competitive and contagion effects. Owing to the persistence of the competitive effect over time and in different markets, it is identified as an anomaly. Therefore, we develop a 3D graphic tool capable of measuring systematically, from a continuous perspective, how information leaks into a stock market and how its effect on the returns of publicly traded companies spreads, in depth and length. The tool can be applied to any event study. In this study, it was used to visualize the short-term effects produced by a firm's initial public offering on its traded rivals in the Spanish stock market, using data over a 30-year period. A competitive effect, similar in size and extent to the ones detected by the state-of-the-art studies, was demonstrated. These results are comparable to the projections of the main asset pricing models. This demonstrates the similarity between the above stated competitive effect and the substitution effect related to the supply and demand theory regarding substitutive products. Based on this, a theory capable of explaining the competitive effect is proposed.
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