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Quantitative Methods in Tourism Economics pp 97–111Cite as

The Importance of ICT for Tourism Demand: A Dynamic Panel Data Analysis

Abstract

The complementary nature of tourism products requires information to be easily accessible from different places around the globe. Electronic distribution in tourism has facilitated the sharing, communication and booking of products and has contributed to the increase of tourism demand as well as to the emergence of a new type of traveller: one who seeks more experiences and sophistication in his travels. The Internet is of increasing importance as a result of the sharp growth in the number of online reservations observed over recent years. Hence, current tourism demand analysis cannot neglect electronic tourism, so that in addition to typically used determinants, variables that represent the impact of the technological environment on the tourism activity also need to be considered. In this paper, using dynamic panel data models evidence is found that the Internet has encouraged the increase of tourism demand and may in fact be one of its determinants.

Keywords

  • Panel Data
  • Unit Root Test
  • Cointegration Test
  • Panel Data Model
  • Panel Unit Root Test

These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Acknowledgements

The authors thank Peter Nijkamp and two anonymous referees for valuable comments and suggestions.

Author information

Authors and Affiliations

  1. ESGHT – Universidade do Algarve, Campus da Penha, Faro, 8005-139, Portugal

    Célia M. Q. Ramos

  2. Banco de Portugal, Av. Almirante Reis, 71-6th floor, Lisbon, 1150-012, Portugal

    Paulo M. M. Rodrigues

  3. Colégio de Campolide, Universidade Nova de Lisboa, Campus de Campolide, Lisboa, 1099-032, Portugal

    Paulo M. M. Rodrigues

Authors
  1. Célia M. Q. Ramos
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  2. Paulo M. M. Rodrigues
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Corresponding author

Correspondence to Célia M. Q. Ramos .

Editor information

Editors and Affiliations

  1. School of Economics and Business, Universidade Lusíada de Lisboa, Rua da Junqueira 188-198, Lisboa, 1349-001, Portugal

    Álvaro Matias

  2. Faculty of Economics, and Business Administration, Free University, De Boelelaan 1105, Amsterdam, 1081 HV, Netherlands

    Peter Nijkamp

  3. School of Economics and Business, Head of the Tourism Department, Universidade Lusíada de Lisboa, Rua da Junqueira 188-198, Lisboa, 1349-001, Portugal

    Manuela Sarmento

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Ramos, C.M.Q., Rodrigues, P.M.M. (2013). The Importance of ICT for Tourism Demand: A Dynamic Panel Data Analysis. In: Matias, Á., Nijkamp, P., Sarmento, M. (eds) Quantitative Methods in Tourism Economics. Physica, Heidelberg. https://doi.org/10.1007/978-3-7908-2879-5_6

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