Competition in tourism among the Mediterranean countries

Vasilios Patsouratis, Zoe Frangouli and George Anastasopoulos

Applied Economics, 2005, vol. 37, issue 16, 1865-1870

Abstract: This paper examines tourism competition among the Mediterranean countries with particular emphasis on Greece. The estimated model includes as explanatory variables an income index, a price index of the host country, a price index of the competitors (Spain, Portugal and Italy) and exchange rate. The results show that the main determinants of Greece's tourism demand are both price indexes and exchange rate. They also show that Spain seems to be Greece's main competitor.

Date: 2005
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DOI: 10.1080/00036840500217226

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