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Keywords = international tourism demand forecasting

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19 pages, 1099 KiB  
Article
CoVid Key Figures and New Challenges in the HoReCa Sector: The Way towards a New Supply-Chain
by Miguel-Ángel García-Madurga, Miguel-Ángel Esteban-Navarro and Tamara Morte-Nadal
Sustainability 2021, 13(12), 6884; https://doi.org/10.3390/su13126884 - 18 Jun 2021
Cited by 18 | Viewed by 9378
Abstract
The profound impact of the coronavirus pandemic on global tourism activity and the hospitality industry has rendered statistical approaches on tourism-demand forecasting obsolete. Furthermore, literature review shows the absence of studies on the supply chain in the HoReCa (hotel, restaurant, catering) sector from [...] Read more.
The profound impact of the coronavirus pandemic on global tourism activity and the hospitality industry has rendered statistical approaches on tourism-demand forecasting obsolete. Furthermore, literature review shows the absence of studies on the supply chain in the HoReCa (hotel, restaurant, catering) sector from a sustainability perspective that also addresses economic and social aspects, and not only environmental ones. In this context, the objective of this article is to carry out a prospective analysis on how the changes in the behaviour of consumers during the pandemic and the uncertainties regarding the exit from the health emergency can give rise to social trends with a high impact on the HoReCa sector in the coming years and, specifically, how they will affect the HoReCa supply chain. In the absence of investigations due to the proximity of what has happened, public sources and reports of international relevance have been identified and analysed from the future studies and strategic and competitive intelligence disciplines. The HoReCa sector in Spain has been chosen as field of observation. This analysis draws the future of the HoReCa sector, describes the changes in customer behaviour regarding food and beverages, explains the changes in distribution chains, and reflects on the impact of potential scenarios on the sector. The confluence of all these changes and trends can even configure a new supply chain in the hospitality sector with the emergence of new actors and the increase of access routes to a new final customer for whom security prevails in all its dimensions: physical, emotional, economic, and digital. Full article
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18 pages, 2831 KiB  
Article
Quantile Dependence in Tourism Demand Time Series: Evidence in the Southern Italy Market
by Giovanni De Luca and Monica Rosciano
Sustainability 2020, 12(8), 3243; https://doi.org/10.3390/su12083243 - 16 Apr 2020
Cited by 6 | Viewed by 3198
Abstract
Travel and tourism is an important economic activity in most countries around the world. In 2018, international tourist arrivals grew 5% to reach the 1.4 billion mark and at the same time export earnings generated by tourism have grown to USD 1.7 trillion. [...] Read more.
Travel and tourism is an important economic activity in most countries around the world. In 2018, international tourist arrivals grew 5% to reach the 1.4 billion mark and at the same time export earnings generated by tourism have grown to USD 1.7 trillion. The rapid growth of the tourism industry has globally attracted the interest of researchers for a long time. The literature has tried to model tourism demand to analyze the effects of different factors and predict the future behavior of the demand. Forecasting of tourism demand is crucial not only for academia but for tourism industries too, especially in line with the principles of sustainable tourism. The hospitality branch is an important part of the tourism industry and accurate passenger flow forecasting is a key link in the governance of the resources of a destination or in revenue management systems. In this context, the paper studies the interdependence of tourism demand in one of the main Italian tourist destinations, the Campania region, using a quantile-on-quantile approach between overall and specific tourism demand. Data are represented by monthly arrivals and nights spent by residents and non-residents in hotels and complementary accommodations from January 2008 to December 2018. The results of the analysis show that the hotel-accommodation component of the tourism demand appears to be more vulnerable than extra-hotel accommodation component to the fluctuations of the overall tourism demand and this feature is more evident for the arrivals than for nights spent. Moreover, the dependence on high quantiles suggests strategy of diversification or market segmentation to avoid overtourism phenomena and/or carrying capacity problems. Conversely, dependence on low quantiles suggests the use of push strategies to stimulate tourism demand. Finally, the results suggest that it could be very useful if the stakeholders of the tourism sector in Campania focused their attention on the collaboration theory. Full article
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17 pages, 1398 KiB  
Article
Forecasting International Tourism Demand Using a Non-Linear Autoregressive Neural Network and Genetic Programming
by Marcos Álvarez-Díaz, Manuel González-Gómez and María Soledad Otero-Giráldez
Forecasting 2019, 1(1), 90-106; https://doi.org/10.3390/forecast1010007 - 13 Sep 2018
Cited by 12 | Viewed by 5858
Abstract
This study explores the forecasting ability of two powerful non-linear computational methods: artificial neural networks and genetic programming. We use as a case of study the monthly international tourism demand in Spain, approximated by the number of tourist arrivals and of overnight stays. [...] Read more.
This study explores the forecasting ability of two powerful non-linear computational methods: artificial neural networks and genetic programming. We use as a case of study the monthly international tourism demand in Spain, approximated by the number of tourist arrivals and of overnight stays. The forecasting results reveal that non-linear methods achieve slightly better predictions than those obtained by a traditional forecasting technique, the seasonal autoregressive integrated moving average (SARIMA) approach. This slight forecasting improvement was close to being statistically significant. Forecasters must judge whether the high cost of implementing these computational methods is worthwhile. Full article
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