Analyzing the Relationship between Financial Variables and Market Risk in the Tourism Industry

2018 ◽  
Author(s):  
Lin Yan Tan ◽  
Jing Hoa Lai ◽  
Shuqi Lee ◽  
weisheng chew
Keyword(s):  
Market Risk ◽  
Tourism Industry ◽  
Financial Variables ◽  
The Relationship

‘Nature Has Its Own Soul and Speaks Its Own Language’

2010 ◽  
Vol 19 (2) ◽  
pp. 62-73
Author(s):  
Helena Ruotsala
Keyword(s):  
National Park ◽  
Tourism Industry ◽  
Reindeer Herding ◽  
Nature Protection ◽  
Economic Interests ◽  
Finnish Lapland ◽  
The People ◽  
Heated Debate ◽  
The 1960S ◽  
The Relationship

Nature and environment are important for the people earning their living from natural sources of livelihood. This article concentrates on the local perspective of the landscape in the Pallastunturi Fells, which are situated in Pallas-Ylläs National Park in Finnish Lapland. The Fells are both important pastures for reindeer and an old tourism area. The Pallastunturi Tourist Hotel is situated inside the national park because the hotel was built before the park was established 1938. Until the 1960s, the relationship between tourism and reindeer herding had been harmonious because the tourism activities did not disturb the reindeer herding, but offered instead ways to earn money by transporting the tourists from the main road to the hotel, which had been previously without any road connections. During recent years, tourism has been developed as the main source of livelihood in Lapland and huge investments have been made in several parts of Lapland. One example of this type of investment is the plan to replace the old Pallas Tourist hotel, which was built in 1948, with a newer and bigger one. It means that the state will allow a private enterprise to build more infrastructures for tourism inside a national park where nature should be protected and this has sparked a heated debate. Those who oppose the project criticise this proposal as the amendment of a law designed to promote the economic interests of one private tourism enterprise. The project's supporters claim that the needs of the tourism industry and nature protection can both be promoted and that it is important to develop a tourist centre which is already situated within the national park. This article is an attempt to try to shed light on why the local people are so loudly resisting the plans by a private tourism enterprise to touch the national park. It is based on my fieldwork among reindeer herding families in the area.

scholarly journals Tourism Industry and Economic Growth Nexus in Beijing, China

Economies ◽  
2019 ◽  
Vol 7 (1) ◽  
pp. 25 ◽  
Author(s):  
Yang Songling ◽  
Muhammad Ishtiaq ◽  
Bui Thi Thanh
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Strong Support ◽  
Growth Index ◽  
Strong Relationship ◽  
Tourism Industry ◽  
Var Model ◽  
Long Run ◽  
The Relationship ◽  
Beijing China

In the developing economy, tourism is the most visible and steadiest growing facade. Tourism is considered one of the rapidly increasing elements for economic development from the last two decades. Therefore, the proposed study used vector autoregression (VAR) model, error correction model (ECM), and the Granger causality to check the relationship between the tourism industry and economic growth based on the data of the Beijing municipal bureau of statistics from 1994 to 2015. Gross domestic product (GDP) is used as a replacement variable for the economic growth index, while internal tourism revenue is used as a tourism industry indicator. The study supports the tourism-led growth hypothesis proposed in the existing literature in a different survey of tourism and economic development. The results show that there is a strong relationship in the tourism industry and economic growth in the context of Beijing, and at the same time, tourism creates a more significant increase in long run local real economic accomplishments. The results of the VAR model confirm that in the long run, Beijing’s economic growth is affected by domestic tourism, while the ECM model shows unidirectional results in the short term. Similarly, there is a one-way causal relationship between the tourism industry and economic growth in Beijing, China. The empirical results are in strong support of the concept that tourism causes growth.

scholarly journals The Empirical Test on the Impact of Climate Volatility on Tourism Demand: A Case of Japanese Tourists Visiting Korea

2018 ◽  
Vol 10 (10) ◽  
pp. 3569
Author(s):  
Yun Hwang ◽  
Hyung Kim ◽  
Cheon Yu
Keyword(s):  
Empirical Test ◽  
Tourism Industry ◽  
Model Specification ◽  
Time Lags ◽  
Tourism Demand ◽  
Demand Model ◽  
Volatility Index ◽  
Tourism Resource ◽  
The Impact ◽  
The Relationship

As climate is not only a valuable tourism resource but also a factor influencing travel experience, estimating climate volatility has implications for sustainable development of the tourism industry. This study develops the Climate Volatility Index (CVI) using a Generalized Autoregressive Conditional Heteroscedasticity (GARCH) model and estimates the relationship between CVI and Japanese tourism demand in Korea, using a tourism demand model based on monthly data from January 2000 to December 2013. Possible time lags and multicollinearity among variables are considered for the model specification. The results show that an increase in climate volatility leads to a decrease in tourism demand.

scholarly journals Prediction of Urban and Rural Tourism Economic Forecast Based on Machine Learning

2021 ◽  
Vol 2021 ◽  
pp. 1-7
Author(s):  
Wusheng Zhou
Keyword(s):  
Time Series ◽  
Economic Development ◽  
Causal Relationship ◽  
Local Economic Development ◽  
Tourism Industry ◽  
Local Economy ◽  
Series Data ◽  
Economic Forecast ◽  
The Relationship ◽  
Tourism Revenue

With the rapid development of tourism, tourism revenue, as one of the important indicators to measure the development of the tourism economy, has high research value. The quasi-prediction of tourism revenue can drive the development of a series of related industries and accelerate the development of the domestic economy. When forecasting tourism income, it is necessary to examine the causal relationship between tourism income and local economic development. The traditional cointegration analysis method is to extract the promotion characteristics of tourism income to the local economy and construct a tourism income prediction model, but it cannot accurately describe the causal relationship between tourism income and local economic development and cannot accurately predict tourism income. We propose an optimized forecasting method of tourism revenue based on time series. This method first conducts a cointegration test on the time series data of the relationship between tourism income and local economic development, constructs a two-variable autoregressive model of tourism income and local economy, and uses the swarm intelligence method to test the causal relationship and the relationship between tourism income and local economic development, calculate the proportion of tourism industry, define the calculation result as the direct influence factor of tourism industry on the local economy, calculate the relevant effect of local tourism development and economic income, and construct tourism income optimization forecast model. The simulation results show that the model used can accurately predict tourism revenue.

scholarly journals Travel Preferences of Millennials in a Highly Urbanized City in the Philippines

2020 ◽  
Vol 3 (2) ◽  
pp. 19-20
Author(s):  
Candy B. Ruña ◽  
Angelus C. Diamante
Keyword(s):  
Generation Y ◽  
The Philippines ◽  
Tourism Industry ◽  
Ancillary Services ◽  
Travel And Tourism ◽  
Food And Beverage ◽  
Travel Motivations ◽  
Search For Information ◽  
And Behavior ◽  
The Relationship

Travel preferences are activities and places that people would like to do and go to.  Millennials, who are also referred to as Generation Y, greatly impact the travel and tourism industry as they reach their peak earning years and spending power.  They travel more frequently, explore more destinations, and constantly search for information and new sensations.  Nowadays, they are active travelers who are starting to build travel motivations and influence their opinions and behavior.  To tap this market, it is important for tourism stakeholders to understand millennials and their travel preferences.  Hence, this paper describes the degree of travel preferences of millennials of a highly urbanized city in the Philippines in terms of attractions, type of accommodation, transportation, food and beverage, ancillary services, and travel budget.  Likewise, it explores the relationship between demographics and travel preferences.  It also determines millennials’ travel purpose, preferred destinations, travel lifestyle, and other factors that influence their travel.

scholarly journals Influence of Tourism on Economic Development in Asian Countries

2020 ◽  
Vol 5 (2) ◽  
pp. 207-216
Author(s):  
Wen-Chuan FU ◽  
◽  
Chia-Jui PENG ◽  
Tzu-Yi YANG ◽  
◽  
...  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Global Economy ◽  
Tourism Industry ◽  
Asian Countries ◽  
Cross Sectional ◽  
Rate Fluctuation ◽  
National Economic ◽  
International Entry ◽  
The Relationship

Although the tourism industry has recorded the lowest pollution, it significantly contributes to the global economy. Therefore, many countries have spent great efforts in promoting their tourism industry to support their entire economic development. This article considers factors related to the relationship between national economic growth and international entry tourism for 11 Asian countries to investigate the existence of the cross-sectional difference between these countries. Results show that exchange rate fluctuation is an alternative factor affecting economic growth risk, and common slope exists between countries. Moreover, international entry tourist headcount and income show differential slope in some countries, implying that these factors affect the economies of different Asian countries differently.

scholarly journals Research on the operation of cultural capital in regional economy Take Xijiang in Guizhou as an example

2021 ◽  
Vol 235 ◽  
pp. 02006
Author(s):  
Cen Yi
Keyword(s):  
Cultural Capital ◽  
National Culture ◽  
Regional Economy ◽  
Rapid Development ◽  
Tourism Industry ◽  
Capital Operation ◽  
The Sustainable Development ◽  
Develop Economy ◽  
Pillar Industry ◽  
The Relationship

In the process of globalization, the integration of world tourism is becoming more and more obvious. With the rapid development of China’s tourism industry, Tourism in many provinces and cities has become a pillar industry or key industry, The various risks it faces are also gradually highlighted. Driven by regional economy, the capitalization operation of national culture is considered to be an effective way to protect national culture and develop economy in ethnic areas. However, national culture has brought many social problems in the process of concrete operation. This paper discusses the realistic dilemma of cultural capitalization in the tourism development of Miao villages in Xijiang, This paper points out that only by clarifying the relationship between the stakeholders in the operation of cultural capital and further clarifying the marketing strategy of cultural capital operation can we ensure the sustainable development of national culture capitalization.

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