The impact of terrorism on European tourism
Shaen Corbet (),
O’Connell, John F.,
Cathal Guiomard () and
Brian Lucey ()
Annals of Tourism Research, 2019, vol. 75, issue C, 1-17
This paper estimates the influence of terrorist attacks on European tourism through the short-term post hoc response of the airline industry and passengers. We use a seasonally-adjusted ARMA-GARCH methodology on unique datasets that examine changes in tourism as measured by ASKs, seats filled and changes in both fares and revenues. Traffic flows are found to fall despite significant fare reductions; however, this response varies substantially based on the flight origin and ticket-type purchased. We found that business travel slows substantially due to duty of care legislation for corporate transport. While we found evidence indicating substantial airline fare reductions, in the majority of investigated cases this response was unable to mitigate substantial reductions in passenger demand and flows across varying ticket types.
Keywords: Terrorism; European aviation industry; Tourism flows; ARMA-GARCH (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14) Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:anture:v:75:y:2019:i:c:p:1-17
Access Statistics for this article
Annals of Tourism Research is currently edited by John Tribe
More articles in Annals of Tourism Research from Elsevier
Bibliographic data for series maintained by Catherine Liu ().