International Tourism: Real and Monetary Flows

Guido Candela and Paolo Figini
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Guido Candela: University of Bologna

Chapter Chapter 14 in The Economics of Tourism Destinations, 2012, pp 467-510 from Springer

Abstract: Abstract In Chap. 2 we classified tourism flows in international (incoming and outgoing) and domestic tourism. While in statistical terms international tourism was identified by the movement from one country to another for tourism purposes, in this chapter we will highlight that the relevant economic fact linked to international tourism is not the crossing of a border, but the presence (and the fluctuation) of the exchange rate between the home country’s and the destination’s currencies. Hence, from an economic perspective, we are faced with international tourism when tourists (and more generally market operators) are subject to the currency exchange, with all the risks involved with its variation over time.

Keywords: Exchange Rate; Real Exchange Rate; Foreign Currency; Nominal Exchange Rate; Multinational Firm (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-642-20874-4_14

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DOI: 10.1007/978-3-642-20874-4_14

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