A Tool to Nowcast Tourist Overnight Stays with Payment Data and Complementary Indicators

Marta Crispino () and Vincenzo Mariani ()
Additional contact information
Marta Crispino: Bank of Italy
Vincenzo Mariani: Bank of Italy

Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, 2025, vol. 11, issue 1, No 10, 285-312

Abstract: Abstract This paper proposes a strategy for nowcasting tourist overnight stays in Italy by exploiting payment card data and Google Search indices. The strategy is applied to national and regional overnight stays at a time of a significant and unanticipated shock to tourism flows and payment habits (the COVID-19 pandemic). Our results show that indicators based on payment data are very informative for predicting tourist volumes, both at the national and at the regional level. Instead, the predictive power of Google Search data is more limited.

Keywords: Tourism; Time series; Payment card data; Google trends; Nowcasting; L83; C53; C55; F47 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s40797-024-00266-6 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:italej:v:11:y:2025:i:1:d:10.1007_s40797-024-00266-6

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/40797

DOI: 10.1007/s40797-024-00266-6

Access Statistics for this article

Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti is currently edited by Roberto Cellini

More articles in Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti from Springer, Società Italiana degli Economisti (Italian Economic Association) Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().