Forecasting tourism recovery amid COVID-19

Hanyuan Zhang, Haiyan Song, Long Wen and Chang Liu

Annals of Tourism Research, 2021, vol. 87, issue C

Abstract: The profound impact of the coronavirus disease 2019 (COVID-19) pandemic on global tourism activity has rendered forecasts of tourism demand obsolete. Accordingly, scholars have begun to seek the best methods to predict the recovery of tourism from the devastating effects of COVID-19. In this study, econometric and judgmental methods were combined to forecast the possible paths to tourism recovery in Hong Kong. The autoregressive distributed lag-error correction model was used to generate baseline forecasts, and Delphi adjustments based on different recovery scenarios were performed to reflect different levels of severity in terms of the pandemic's influence. These forecasts were also used to evaluate the economic effects of the COVID-19 pandemic on the tourism industry in Hong Kong.

Keywords: COVID-19; Tourism demand; Crisis management; Delphi method; Forecasting scenarios (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (57)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:anture:v:87:y:2021:i:c:s0160738321000116

DOI: 10.1016/j.annals.2021.103149

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