Detecting international tourism demand growth cycles

Ivan Kožić

Current Issues in Tourism, 2014, vol. 17, issue 5, 397-403

Abstract: This paper investigates the existence of cycles within international tourism demand by spectral analysis of international tourist arrivals. A modern detrending method, i.e. the Hodrick–Prescott filter is used to extract the cycle series and a simple smoothing technique is used to mitigate irregularities. The results of spectral analysis finally confirm the existence of growth cycles within international tourism demand, and the paper is concluded with a brief discussion of findings.

Date: 2014
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DOI: 10.1080/13683500.2013.808607

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