Abstract
This study examines the determinants of tourist arrivals at hotels and short-stay accommodations for nine EU countries from January 2010 to March 2022. We identify four driving channels of foreign and domestic tourism flows: a traditional, a sentiment, a technological and a health channel. The latter comprises two novel variables: the museum search interest and the infectious disease equity market volatility tracker. The results reveal that traditional and new drivers related to market sentiments and interest in online tourism experiences affect arrivals. Notably, there is a substitution effect between online and in-presence tourism, and the larger the uncertainty, the more substantial the reduction in tourist arrivals. COVID-19 has affected especially Spain and Italy and more foreign than domestic tourists.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
