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Tourism Demand Modelling and Forecasting: Evidence from EU Countries

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Tourism Management and Sustainable Development

Part of the book series: Contributions to Economics ((CE))

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Abstract

The purpose of this study is to investigate tourism demand and its determinants with panel data models. This paper empirically investigates the determinants of tourism demand for a statistically significant sample of eleven European countries for the years 1996–2015. Various potential determinants are investigated, including gross domestic product, consumer price index, the average per capita tourism expenditure, and the marketing expenses to promote tourism industry. The empirical results indicate that the explanatory variables affect the tourism demand of the EU countries and play an important role in strategies that affect total cost, demand, and structure of the market. As the marketing and advertising expenses revealed a dynamically interacts with tourist demand, their implications in decision making policies were discussed.

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Authors and Affiliations

  1. University of Patras, Agrinio, Greece

    Athanasia Mavrommati, Konstantina Pendaraki & Achilleas Kontogeorgos

Authors
  1. Athanasia Mavrommati
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  2. Konstantina Pendaraki
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  3. Achilleas Kontogeorgos
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Corresponding author

Correspondence to Athanasia Mavrommati .

Editor information

Editors and Affiliations

  1. Faculty of Tourism and Hospitality Management, University of Rijeka, Opatija, Croatia

    Goran Karanovic

  2. Department of Economics, International Hellenic University, Serres, Greece

    Persefoni Polychronidou

  3. Department of Accounting and Finance, International Hellenic University, Kavala, Greece

    Anastasios Karasavvoglou

  4. Faculty of Tourism and Hospitality Management, University of Rijeka, Opatija, Croatia

    Helga Maskarin Ribaric

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Mavrommati, A., Pendaraki, K., Kontogeorgos, A. (2021). Tourism Demand Modelling and Forecasting: Evidence from EU Countries. In: Karanovic, G., Polychronidou, P., Karasavvoglou, A., Maskarin Ribaric, H. (eds) Tourism Management and Sustainable Development. Contributions to Economics. Springer, Cham. https://doi.org/10.1007/978-3-030-74632-2_3

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