EconPapers    
Economics at your fingertips  
 

Seasonality Determinants for the Main Markets in Spain

Judith Turrión Prats and Juan Duro

Working Papers from Universitat Rovira i Virgili, Department of Economics

Abstract: Tourist seasonality consists of an imbalanced tourist activity over the course of the year. This variation has become one of the main problems facing the tourist sector, as it constitutes a major threat to sustainable growth, destination image, and loyalty, especially with respect to large-scale, well-established destinations. In this paper, our purpose is to identify seasonality determinants for the main markets of origin in Spain (i.e. British, German, and French market origins). To this end, a dynamic model has been used for a provincial panel data set during the 2006-2015 period. The Xtabond2 model has been largely used, as it combines natural and non-natural explanatory variables. The results show that the inertial factor, economic variables (income levels and relative prices), and climatic variables (temperatures differences between the destination and the place of origin) are significant determinants, together with several differences among the main markets. It is hoped that the findings of this research will be able to assist public and private organisations in developing their predictions and especially with respect to designing anticipatory correcting policies. Keywords: seasonality; markets; dynamic panel data model; GMM estimators; Spain

Keywords: Turisme -- Espanya -- Models economètrics; 338 - Situació econòmica. Política econòmica. Gestió; control i planificació de l'economia. Producció. Serveis. Turisme. Preus (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/2072/306517

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:urv:wpaper:2072/306517

Access Statistics for this paper

More papers in Working Papers from Universitat Rovira i Virgili, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Ariadna Casals ().

 
Page updated 2020-09-05
Handle: RePEc:urv:wpaper:2072/306517