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European outbound tourism expansion on the islands of Cape Verde
Tourism Economics ( IF 4.582 ) Pub Date : 2021-06-29 , DOI: 10.1177/13548166211024007
Manuel González-Gómez 1
Affiliation  

The main objective of this article is to shed light on the determinants of international tourism demand expansion in Cape Verde. The research involves cointegration analysis to test the existence of a long-term equilibrium relationship between the variables included in tourism demand using the autoregressive distributed lag bounds testing approach. The results showed high income elasticity and price inelastic demand. Moreover, turmoil in traditional tourist destinations in non-European Mediterranean basin countries, coupled with the investments of tour operators and hotel groups who are key players in the European source markets, significantly and positively affected international tourism demand. Supply side changes associated with foreign investment were necessary to increase the number of tourists. Finally, lower level of income in European countries following the financial crisis of 2008 might have favored the shift of European tourists from more expensive destinations to Cape Verde. The concentration of tourism, economic growth, jobs creation, and population growth on two islands may have affected island communities, resources, and other aspects of inter- and intraisland relationships.



中文翻译:

佛得角岛上的欧洲出境旅游扩张

本文的主要目的是阐明佛得角国际旅游需求扩张的决定因素。该研究涉及协整分析,以使用自回归分布滞后边界检验方法检验旅游需求中包含的变量之间是否存在长期均衡关系。结果显示高收入弹性和价格缺乏弹性的需求。此外,非欧洲地中海盆地国家传统旅游目的地的动荡,加上作为欧洲客源市场主要参与者的旅游运营商和酒店集团的投资,对国际旅游需求产生了重大而积极的影响。与外国投资相关的供给侧变化对于增加游客数量是必要的。最后,2008 年金融危机后欧洲国家收入水平下降可能有利于欧洲游客从更昂贵的目的地转移到佛得角。两个岛屿的旅游业、经济增长、就业创造和人口增长的集中可能影响了岛屿社区、资源以及岛内和岛内关系的其他方面。

更新日期:2021-06-29
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