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Tourist Seasonality and the Role of Markets

Judith Turrión Prats

Working Papers from Universitat Rovira i Virgili, Department of Economics

Abstract: This paper performs an analysis of tourism seasonality in Spain, typically from a market-side perspective. Three exercises are performed; firstly, seasonality is analysed through monthly concentration indexes and, in particular, the CV; secondly, the role of markets is explored based on an additive decomposition technique; thirdly, its main economic determinants are assessed through a dynamic panel data model. The main results obtained can be summed up in: first, seasonality in Spain has clearly worsened since 2008, coinciding with a strong growth in overall demand; second, three markets generate two thirds of global seasonality, with the pattern of the UK market of particular concern; third, aggregate demand models suggest that prices, exchange rates and especially income levels are significant explanatory factors. Keywords: seasonality; markets; dynamic panel data models; Spanish tourism

Keywords: Turisme -- Espanya; Anàlisi de dades de panel; 338 - Situació econòmica. Política econòmica. Gestió; control i planificació de l'economia. Producció. Serveis. Turisme. Preus (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-tur
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