ABSTRACT

The purpose of this paper is to contribute to filling a gap in the understanding of the relationship between the presence of low-cost airlines (LCAs) and international tourism demand in a region with a large number of nationals living abroad. Our study examines this relationship in North Portugal over the period of 2005–2016. It involves testing the existence of a long-run equilibrium relationship between the variables by using a cointegration approach and estimating the error correction model (ECM). LCAs and the travel demand associated with the migrant population have been proven to help international tourism growth. The diaspora has ensured a minimum amount of traffic demand for LCAs’ connections. Moreover, international tourists have contributed to the expansion of LCAs’ air services. These results suggest that the level of competitiveness of the destination became a priority for the different stakeholders in the region not only to attract international tourists but also to support the development of indispensable medium- and long-haul air services at the right price.

摘要

本文的目的是帮助填补对低成本航空公司 (LCA) 的存在与有大量国民居住在国外的地区的国际旅游需求之间关系的理解上的空白。我们的研究考察了 2005 年至 2016 年期间北葡萄牙的这种关系。它涉及通过使用协整方法和估计误差校正模型 (ECM) 来测试变量之间是否存在长期均衡关系。LCA 和与流动人口相关的旅行需求已被证明有助于国际旅游业的增长。侨民确保了 LCA 连接的最小流量需求。此外，国际游客为 LCA 航空服务的扩展做出了贡献。