Adamolekun, G., Adedoyin, F. F. and Ozturk, I., 2022. Supply side sentiments and international travel: a novel dynamic simulation of policy options for business and investor sentiments. Journal of Policy Research in Tourism, Leisure and Events.
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DOI: 10.1080/19407963.2022.2142235
Abstract
The tourism literature widely documents how emotions, mood and optimism drive the demand for tourism. However, the literature is mute on whether sentiment plays a role in the supply side. We use a forward-looking forecasting model to investigate the interplay between various sentiment measures and travel. The simulation robustly accounts for the effect of trade, real GDP, and foreign direct investment on travel services. The result shows a long-term relationship between travel services and customer sentiment, hence, an increase in the bull-bear spread (BBS), in the short run, has a negative influence on travel services, but this link fades in the long run. Consumer confidence, on the other hand, has a positive impact on travel services in both the short and long run. Our findings advocate the consideration of sentiments when modelling travel services export. The forecasting model also reveals that travel services will decline in the future.
Item Type: | Article |
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ISSN: | 1940-7963 |
Uncontrolled Keywords: | Tourism; travel services; forecasting; investors' sentiment; business - sentiment |
Group: | Faculty of Science & Technology |
ID Code: | 37886 |
Deposited By: | Symplectic RT2 |
Deposited On: | 05 Dec 2022 09:21 |
Last Modified: | 09 May 2024 01:08 |
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