Impacts of the Euro on the Slovenian Tourism Industry

Helena Nemec Rudež and Štefan Bojnec ()

Managing Global Transitions, 2008, vol. 6, issue 4, 445-460

Abstract: This paper examines the impacts of the Euro adoption in Slovenia on its tourism. For this purpose, the empirical research among foreign tourists in Slovenia was conducted on their perceptions of the Euro adoption in Slovenia during the second half of 2007. The multivariate factor analysis was performed, which confirmed the four common dimensions of the Euro impacts on Slovenian tourism: attractiveness, costs, expensiveness, and comparison. The mean values of the analyzed items indicate the most positive impacts of the Euro on the direct price comparison and the easiness of comparison among tourist destinations in the Euro zone. The empirical results suggest that the Euro adoption has had the greatest impacts on better comparisons among tourist destinations in the Euro zone, followed by a significant decline in travel-operational costs. The increase in the expensiveness of the destination among foreign tourists is confirmed, whereas no significant improvement in the attractiveness of Slovenia as a tourist destination was proved after the Euro adoption.

Keywords: the Euro adoption; European Union; Slovenian tourism; multivariate factor analysis (search for similar items in EconPapers)
JEL-codes: C42 E42 F36 L83 (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (2)

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