European Parliament Library

What Attracts Tourists to Paradise?, Evridiki Tsounta

This paper investigates the determinants of tourism demand in the Eastern Caribbean Currency Union. We estimate the demand function in a panel setting using annual data from 1979 to 2005. Results show that tourism arrivals are significantly affected by economic developments in the source countries, while price considerations and external shocks (such as hurricanes and wars) are also important. Supply factors, such as developments in foreign direct investment and the number of airlines servicing a destination, are also found to be significant determinants of tourism demand
Table Of Contents
Contents; I. Introduction; II. Overview of the Tourism Sector in the ECCU; III. The Demand for Tourism: A Literature Review; IV. Data and Model Specification; V. Model Estimation; VI. Conclusions and Policy Implications; References; Figures; 1. ECCU: Annual Growth Rate in Tourism Arrivals and Real GDP, 1990-2005; 2. ECCU: Tourism Arrivals by Country of Origin, 2004; Table; 1. Determinants of Tourism Arrivals in the ECCU; Appendix
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (22 p.)
Specific Material Designation
Form Of Item

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