Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/337757 
Year of Publication: 
2023
Citation: 
[Journal:] Annals of Tourism Research Empirical Insights [ISSN:] 2666-9579 [Volume:] 4 [Issue:] 1 [Article No.:] 100097 [Year:] 2023 [Pages:] 1-18
Publisher: 
Elsevier, Amsterdam
Abstract: 
This study examines the determinants of tourist arrivals at hotels and short-stay accommodations for nine EU countries from January 2010 to March 2022. We identify four driving channels of foreign and domestic tourism flows: a traditional, a sentiment, a technological and a health channel. The latter comprises two novel variables: the museum search interest and the infectious disease equity market volatility tracker. The results reveal that traditional and new drivers related to market sentiments and interest in online tourism experiences affect arrivals. Notably, there is a substitution effect between online and in-presence tourism, and the larger the uncertainty, the more substantial the reduction in tourist arrivals. COVID-19 has affected especially Spain and Italy and more foreign than domestic tourists.
Subjects: 
Competitiveness
Google trends
Infectious disease equity market volatility
Online museums
Poisson and negative binomial panel models
Sentiment
Tourism demand
JEL: 
P48
Q55
Z32
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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