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Economic decline and the birth of a tourist nation
Scandinavian Journal of Hospitality and Tourism ( IF 4.694 ) Pub Date : 2020-01-01 , DOI: 10.1080/15022250.2020.1719882
Jinghua Xie 1, 2 , Sigbjørn Tveterås 3
Affiliation  

ABSTRACT Price competitiveness is key for tourists’ destination choice. In the study, we evaluate the effects of an economic decline caused by non-tourism industry on a tourist destination’s price competitiveness. An econometric model of hotel revenue function is estimated in the study. Specifically, we estimate hotel revenue functions at the regional level in Norway to investigate how the crude oil price collapse and the subsequent economic decline influenced tourism demand in Norway. This type of cross-sectorial effect of non-tourism industries on tourism competitiveness has been little discussed in the tourism literature. The results show that the fall in crude oil price boosted tourism growth in Norway through a weakening of the local currency. This means tourism development is not always associated with economic growth, as discussed in most of the tourism literature. There might be some upper bounds of wealth in a nation where additional growth does not foster further tourism development due to the inflationary effects of economic growth. The study therefore adds new insights into the literature on tourism and economic growth.

中文翻译:

经济衰退和旅游国的诞生

摘要价格竞争力是游客选择目的地的关键。在研究中,我们评估了由非旅游业引起的经济衰退对旅游目的地价格竞争力的影响。该研究估计了酒店收益函数的计量经济学模型。具体来说,我们估计挪威地区酒店收入的功能,以调查原油价格暴跌以及随后的经济下滑如何影响挪威的旅游需求。非旅游业对旅游业竞争力的这种跨部门影响在旅游文献中很少讨论。结果表明,原油价格下跌通过当地货币贬值促进了挪威的旅游业增长。这意味着旅游业发展并不总是与经济增长相关,正如大多数旅游文献所讨论的那样。在一个国家中,由于经济增长的通货膨胀效应,额外的增长不会促进旅游业的进一步发展,因此可能会有一些财富的上限。因此,该研究为有关旅游业和经济增长的文献增加了新的见解。
更新日期:2020-01-01
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