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2021
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[Journal:] Economies [ISSN:] 2227-7099 [Volume:] 9 [Issue:] 3 [Article No.:] 131 [Publisher:] MDPI [Place:] Basel [Year:] 2021 [Pages:] 1-19
Verlag: 
MDPI, Basel
Zusammenfassung: 
Investment in tourism infrastructure development to make destinations and services increasingly attractive is considered a key measure in developing a country's tourist destinations. This paper investigates the impact of investment in tourism infrastructure components on international visitor attraction using data from Vietnam for the period 1995-2019. The results of analyzing panel data by the nonlinear Autoregressive Distributed Lag (ARDL) approach show that, in the long-run, investing in the three components of tourism infrastructure, namely transport and communications infrastructure, the hotel and restaurant industry, and recreation facilities, has a strong and positive impact on international visitor attraction. In addition, different short-run impacts of the three tourism infrastructure components on the whole market and each major international visitor market are also found.
Schlagwörter: 
attracting international visitors
hotel and restaurant industry
recreation facilities
tourism infrastructure
transport and communications infrastructure
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