Impact of unexpected events on inbound tourism demand modeling: evidence of Middle East Respiratory Syndrome outbreak in South Korea

Shi, Wenming; Li, Kevin X.

doi:10.1080/10941665.2016.1250795

Cited by 48 publications

(31 citation statements)

References 60 publications

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“…The variables in our model are commonly used in the literature. This study also applies previously validated methodology, adopting dummy variables to test the effects of idiosyncratic socio-economic events on tourism demand [43].…”

Section: Variables In the Literaturementioning

confidence: 99%

The Macroeconomic Determinants of International Casino Travel: Evidence from South Korea’s Top Four Inbound Markets

Suh

Kim

2018

Sustainability

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This study investigates the macroeconomic determinants behind the number of foreign visitors to Korean casinos arriving from major source countries, namely Japan, Mainland China, Hong Kong SAR and Taiwan. Using monthly data from 2006 to 2016, we utilized a Structural Vector Autoregression (SVAR) model to investigate the dynamic effects of macroeconomic factors on the number of casino visitors. Estimation results supported the conclusion that visitors from Japan and Mainland China-who account for approximately three quarters of the total number of foreign casino visitors-were affected by macroeconomic or financial indicators such as changes in oil prices, exports and exchange rates (Japan), exports and short-term interest rates (Mainland China). In contrast, visitors from Hong Kong SAR did not seem to be influenced by any of these factors. We also found that the MERS (Middle East Respiratory Syndrome) outbreak in Korea in 2015 had a significant adverse effect on casino visitors from all regions. Implications and suggestions for future studies are provided along with the results of this study.

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Section: Variables In the Literaturementioning

confidence: 99%

The Macroeconomic Determinants of International Casino Travel: Evidence from South Korea’s Top Four Inbound Markets

Suh

Kim

2018

Sustainability

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“…Unexpected events related to security and health issues, such as natural disasters, epidemic diseases, political instability, economic crises, and terrorism have demonstrated negative shocks to tourism demand (Chan, Hui, & Yuen, ; Eugenio‐Martin, Sinclair, & Yeoman, ; Kim & Wong, ; Prideaux, Laws, & Faulkner, ; Shareef & McAleer, ; Shi & Li, ). Quantifying the effects of such shocks has attracted a lot of interest in recent tourism demand studies, and is of great importance for tourism practitioners (Song & Li, ).…”

Section: Literature Reviewmentioning

confidence: 99%

Interdependence of international tourism demand for Mediterranean countries: Impact of demand shocks

Kožić

Sorić

Sever

2018

Journal of Tourism Research

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Interdependence of tourism demand is an underexplored topic in tourism economics literature. Besides the traditional procedure of cross elasticities calculation, shock analysis could be used to investigate the interconnections of tourism flows. This paper conducts an econometric analysis of international tourism demand for 10 most developed Mediterranean destinations: Croatia, Cyprus, France, Greece, Italy, Malta, Morocco, Spain, Tunisia, and Turkey. In particular, a vector autoregression model is estimated for each pair of 10 countries. Impulse response functions are applied to investigate how a shock in tourism demand for one country impacts the tourism demand for its substitutes and complements.

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“…1 in terms of investment in China in recent years. Concerning the above-mentioned, it has a great potential to be a source of tourists [14,16].…”

Section: Countries With High Potential Of Inbound Tourismmentioning

confidence: 99%

Analysis of Potential of Inbound Tourism for Major Sources of Tourists and Influencing Factors in China

Pan¹

2018

AJAM

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Since 2015, the inbound visitors of most sources of tourists such as Japan, Russia and Malaysia in China have been on a growing decrease. While the inbound visitors of some sources of tourists such as the United States, Germany and Thailand have only shown some subtle changes. Therefore, China's inbound tourism is facing an increasingly great downward pressure. On the basis of existing researches, this paper screens indicators in light of the economic development of the source of tourists, the appeal of Chinese culture, the economic and trade exchanges with China and transportation costs in China. In consideration of cultural appeal, this paper establishes a new indicator system to evaluate the potential of inbound tourism of major sources of tourists. It finds out the problems in the process of their development and figures out some solutions in order to improve the competitiveness of China's tourism. At the same time, this paper utilizes the principal component analysis to evaluate the potential of inbound tourism for nineteen sources of tourists with the help of cross-section data in 2015. It also ranks in a comprehensive way the major influencing factors of their potential of inbound tourism with direct oblimin. The ranking in order of importance is the rate of outbound tourism, the per capita national income, the proportion of the 25-64 age group, the number of Confucius Institutes, the number of overseas students in China, as well as investment in China. The evaluation result shows that South Korea, the United States and India are the sources of tourists with the highest potential in China. These countries such as Singapore, Germany, Russia, the United Kingdom, Australia, Canada, and France have certain potential to be the sources of tourists. Moreover, Philippines, Indonesia, and Mongolia are at the end of the ranking.

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Impact of unexpected events on inbound tourism demand modeling: evidence of Middle East Respiratory Syndrome outbreak in South Korea

Cited by 48 publications

References 60 publications

The Macroeconomic Determinants of International Casino Travel: Evidence from South Korea’s Top Four Inbound Markets

The Macroeconomic Determinants of International Casino Travel: Evidence from South Korea’s Top Four Inbound Markets

Interdependence of international tourism demand for Mediterranean countries: Impact of demand shocks

Analysis of Potential of Inbound Tourism for Major Sources of Tourists and Influencing Factors in China

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