Tourism Economy Research Articles

Tourism law, labor supply and corporate performance in tourism listed firms

Enhancing the regulatory environment and enhancing the level of provision is a crucial approach to achieving sustainable growth in the tourism economy. This paper employs a DID model to analyze the effects of legal institution development on the performance of tourism firms. Specifically, it focuses on the Tourism Law of the People's Republic of China as a quasi-natural experiment. The study utilizes listed tourism firms from 2011-2021 as the research sample. The finding reveals that implementing tourism law can promote firms' financial and non-financial performance, especially non-financial performance. This impact operates mainly through the positive effect of labor supply.

Can Tourism Economy Enhance the Level of Urban Green Development? A Study Based on Spatial Effects and Threshold Characteristics

Can Tourism Economy Enhance the Level of Urban Green Development? A Study Based on Spatial Effects and Threshold Characteristics

Can ‘brand effect’ promote the development of the tourism economy? – A quasi-natural experiment based on 204 cities

ABSTRACT Tourism branding is crucial for the high-quality development of the tourism economy. Governmental departments foster this development by creating distinctive tourism brands through ‘scenic spot selection’, thereby stimulating regional economic growth via the ‘brand effect’. This study employs the ‘5A’ scenic spot selection as a quasi-natural experiment, utilising panel data from 204 prefecture-level cities in China spanning 2007–2019. It applies staggered difference-in-differences and spatial difference-in-differences methods to evaluate the policy impact of scenic spot selection on urban tourism economic development and to analyze its heterogeneity and spatial effects. The findings demonstrate that high-grade scenic spots can indeed foster tourism economic development through the ‘brand effect’, although disparities exist among regions. This paper elucidates the policy implications of scenic spot selection on tourism economic development and offers a critical reference for optimising the spatial allocation of tourism resources and cultivating distinctive tourism brands.

Destination resilience and transformations in the tourism sector: new tendencies in destination development and management

The world is increasingly changing, with climate change, pandemics, and wars becoming key factors. The recent pandemic devastated the tourism industry, leading to a sudden collapse of the global tourism economy. Historically disastrous situations are well known for their impact on innovations and technological advances. Therefore, in light of the idea that disasters can act as catalyst for innovation and transformation, the researchers attempted to conceptualise new strategies in destination development and management from a perspective of tourism destination resilience. The findings contribute to research and policy-making and culminate in identifying six dimensions, namely technology and digitalisation, business model innovation, partnerships and coordination, tourist behaviour, domestic tourism, and sustainability, that illuminate innovative and transformative tendencies in tourism resilience. The study's outcomes offer comprehensive knowledge for policymakers, business planners, and students describing the use of innovative ideas and resilience strategies to adapt to and counter sudden disasters and adopt transformational shifts in business.

Unlocking the potential of blockchain-based sharing economy in hospitality and tourism: A systematic review

This systematic review is a trailblazer for the blockchain-based sharing economy concept, mainly in hospitality and tourism. It highlights the potential integration of blockchain across sharing economy sectors (e.g., accommodation, transportation, and business services). Following the PRISMA protocol, 43 publications from 12 scholarly databases were analysed. It identifies different types of implementations, including decentralised apps and specific functionalities that utilise blockchain. Key issues are discussed, including contradictory aspects (transparency vs privacy, centralisation within decentralisation, and users' euphoria vs technical barriers) and advantages (increased security, automated sharing mechanisms, and user participation). The review offers practical implementation paths for blockchain-based sharing economy systems in hospitality and tourism, emphasising the importance of context, scope limitation, focusing on increasing advantages, and managing technological trade-offs. It also suggests critical future research topics and action agendas for hospitality and tourism stakeholders.

Optimizing Available Resources to Revitalize the Tourism Economy of the Rural Commune of Iarintsena

This article is the product of in-depth research and strategies to mobilize and empower local stakeholders and tries to suggest some approaches, as well. Two methodologies are taken into account: The positive normative and SWOT analysis (Strength, Weakness, Opportunity and Threat). The latter enables us to present and identify the tourism development potential and issues. In 2021, Madagascar generated around 111.00 million US dollars, corresponds to 0.73 percent of its GDP in the tourism sector alone. Driven by favorable base effects, growth expected to accelerate to an average of 4.6% over 2024-26. Nowadays, tourism can offer high opportunities for cultural exchange between visitors and local communities. The research results from the project simulation works were used to draw up a budget for tourism activities. The rural commune of IARINTSENA, located in the south-eastern part of the Haute Matsiatra region and a few kilometers from the Ambalavao district, has tourism assets that appear to be weakened by innumerable constraints. The design of the commune's development strategies should take into account the realities and aspirations of the local population. Highlighting the commune's specific tourist attractions should encourage technical and financial partners to invest in the tourism development project. It’s important to put the touristic specificity of IARINTSENA in evidence in order to incite the technical and financial partners.

Effects of water conservancy-project policies on lake ecology, rural economy, leisure-environment development, and local young people’s willingness to engage in leisure activities

Context No consensus has yet been formed on project development in lake-water conservancy on aspects such as lake quality, ecological environment, rural economy, social culture, leisure living environment and leisure aspirations due to the current lack of comprehensive discussion. Aims This study mainly uses the case of Sun Moon Lake in Taiwan to verify the impact of lake-tourism optimisation and water-conservancy projects on the rural economy, water quality, ecology and sustainable development of tourism for local young people in the area around the lake. Methods We employed open-sampling questionnaires and semistructured interviews to collect data and conducted multivariate analysis. Key results The study investigated the hypothesis that optimising water-conservancy projects for lake tourism creates a stable leisure and tourism environment in rural areas, enhances visibility, and increases emotional exchanges and the preservation of historic sites. However, problems such as excessive tourism waste and a lack of public facilities negatively affect local young consumers’ willingness to engage in tourism activities. Conclusions Improving problems in the villages, ecology and natural environment surrounding lakes that are being conserved can increase young local individuals’ willingness to engage in and share experiences of tourism activities. Implications If the local government can improve the issues of protected villages, ecology and the natural environment around the lake, it can increase the willingness of local young people to participate in and share their experiences in tourism activities.

Spatial Mismatch of Tourism Resources and Tourism Economy in Guangxi, China

This study analyzed the spatial mismatch between tourism resources abundance and tourism economy development level in Guangxi, China. tourism resources abundance index, tourism economy development index, gravity model, and tourism spatial mismatch index were used. The results show that: (1) The spatial mismatch between tourism resources and tourism economy was obvious in Guangxi. The gravity center of tourism resources abundance was northeast-southwest, and the gravity center of tourism economy was southwest-northeast-southwest. (2) The degree of tourism spatial mismatch was different among the cities. The tourism spatial mismatch indexes in 3 cities had been consistently greater than 0, and they were always less than 0 in 4 cities. The other 7 cities were in a positive and negative alternating state. (3) The level of tourism spatial mismatch would change. There were a total of 6 cities that had basically remained in their original state, while the other cities had undergone certain changes.

The sensitivity of employment in the hotel industry to the COVID-19 pandemic: A case study of Poland

Motives: The COVID-19 pandemic has presented an unprecedented disruption to the global tourism economy. The diminished demand for hotel services, coupled with substantial operational uncertainty, compelled hoteliers to adopt survival strategies, often entailing workforce reductions. Aim: The objective of the article was to assess the influence of the COVID-19 pandemic on employment levels in hotel establishments in Poland and to suggest a strategy that would enable these facilities to navigate similar challenges in the future. Results: The article explores the sensitivity of employment in the hotel industry to the COVID-19 pandemic, focusing on a case study of Poland. It highlights significant changes in the hotel labour market during the COVID-19 pandemic. The study includes a detailed analysis of individuals working in the hotel industry from 2012 to 2021. Additionally, the impact of the COVID-19 pandemic on employment in Polish hotels was examined based on the collected primary data. The research findings affirm the industry’s susceptibility to pandemic risks, but they indicate that appropriate measures can mitigate negative effects. Consequently, the article proposes strategies to assist hotel facilities in overcoming similar challenges in the future.

Inclusive finance and regional tourism economy: The role of total factor productivity

Tourism economy is a key component of a region's GDP. Taking advantage of a panel data of 267 prefectures in China between 2010 and 2022, this research investigates the impact of inclusive finance on regional tourism economic development. We find that inclusive finance initiatives can significantly improve the tourism industry. In addition, we find total factor productivity substantially strengthens the positive relationship between inclusive finance and regional tourism economy. This study contributes to the burgeoning research on the consequences of inclusive finance and regional development.

Sustainable tourism development and Indigenous protected and conserved areas in sub-arctic Canada

Rural and northern Indigenous communities across Canada are pursuing new Indigenous-led conservation partnerships with Crown governments as critical alternatives to Western conservation and extractive industries regimes. Colonial conservation policies and industrial development continue to displace Indigenous Peoples from their ancestral territories, with great consequences to land-based economies, food security, and knowledges. Indigenous-led conservation is an umbrella term used to describe a variety of initiatives that includes Indigenous Protected and Conserved Areas. Indigenous communities lead the creation, management, and stewardship of these protected areas, which are guided by localized knowledge and priorities. This creates unique opportunities to build new and bolster existing tourism businesses with sustainable socio-economic, cultural, and environmental outcomes. Our research examines Indigenous-led conservation and tourism in the Dene/Métis community of Fort Providence, Northwest Territories, located adjacent to Canada's first official Indigenous Protected and Conserved Area, Edéhzhíe. Guided by Indigenous methodologies and collaborative approaches, this paper presents the analysis of 23 semi-structured interviews with Elders, knowledgeable land users, and community members. While tourism development in the community is currently limited, our results indicate that participants are hopeful about the contributions of Edéhzhíe and tourism to sustainable economies, cultural resurgence, and environmental stewardship in the surrounding communities. Participants demonstrate that Indigenous-led conservation and tourism have the potential to challenge existing colonial, capitalist land use regimes and foster Indigenous governance, reconciliatory processes, and environmental resiliency. Our findings can be used by other Indigenous communities to inform conservation and sustainable development goals related to regional tourism economies.

Retraction Note: Impact of the COVID-19 outbreak on China's tourism economy and green finance efficiency.

Retraction Note: Impact of the COVID-19 outbreak on China's tourism economy and green finance efficiency.

Research on the Sustainable Development of Urban Tourism Economy: A Perspective of Resilience and Efficiency Synergies

Research on the Sustainable Development of Urban Tourism Economy: A Perspective of Resilience and Efficiency Synergies

The impact of cultural heritage listing on regional tourism development in China

AbstractExisting studies have shown that intangible cultural heritage (ICH) listing system promotes the development of the tourism economy. However, it remains unclear which regions benefit most from ICH listing due to inherent differences in ICH resource endowments across regions. We address this issue by examining the impact of ICH listing on regional tourism development using China's prefecture‐level panel data from 2000 to 2019. By employing a two‐stage least squares methodology, we address the endogeneity issue and identify which regions derive the greatest benefits from ICH listing. Our findings reveal that regions with higher cultural diversity have more ICH resources and benefit more from ICH listings, resulting in positive effects on domestic and international tourism. Additionally, tangible cultural resources further amplify this relationship. These results underscore the importance of ICH protection and provide valuable insights for policymakers and stakeholders seeking to leverage local ICH resources for regional tourism development.

An investigation of technological innovation and tourism industrial structure upgrading as drivers of tourism economic growth

AbstractThis study focuses on the drivers of tourism economic growth with technological innovation and tourism industrial structure upgrading as the key predictors. An empirical study was done with panel data of 71 countries for 1996–2016. Three‐stage least squares (3SLS) regression with cross‐sectional fixed effects was applied to estimate the parameters. The results suggest that both predictors are the driving force for tourism economic growth. Moreover, the results reveal that technological innovation has significant negative effects on tourism industrial structure upgrading. This suggests that if technological development is not firmly anchored in the regional economic development, any one‐sided pursuit of technological innovation can produce a “decoupling” effect, which constrains the upgrading of tourism industrial structure. The study has important practical implications for policy formulation to sustain long‐term development of the tourism economy.

FINANCIAL MANAGEMENT OF ENTREPRENEURIAL UNIVERSITIES IN THE CONDITIONS OF DIGITALIZATION, SMART ECONOMY AND THE DEVELOPMENT OF EDUCATIONAL TOURISM

The article defines the key aspects of methodical support of financial management of entrepreneurial universities in the conditions of digitalization, smart economy and development of educational tourism. Attention is focused on the fact that at this time Ukraine faced complex phenomena caused by the invasion of the Russian Federation on the territory of our state, which caused powerful changes in all sectors, industries and industries of Ukraine. It was noted that against the background of active digitalization and financial instability, migration shifts and the flow of human resources took place. In this context, there is a need for an active policy of creating and evaluating the effectiveness of the concept of financial management of entrepreneurial universities in the conditions of digitalization, smart economy and the development of educational tourism, taking into account the challenges faced by the modern economy of Ukraine. With the use of methods of production functions, the article proposes an assessment of the financial management of entrepreneurial universities. It was noted a need to increase the financial support of entrepreneurial universities, which is important for improving the quality of education and tax revenues at the regional and state levels. Attention is focused on the phenomenon of increased outflow of students outside of Ukraine with the simultaneous outflow of teaching staff abroad. It was noted that it is the effective financial policy of supporting entrepreneurial universities that can reduce negative phenomena in education.

Влияние рынка санаторно-курортных услуг на развитие экономики Казахстана

The purpose of writing the article was to consider the authors of the current state and development of the market of spa services in Kazakhstan, which has a significant impact on the sustainable development of the country's economy. Currently, in harsh market conditions, the level of competitiveness of spa services suffers first of all, that is, it means the possibility of these services to bring acceptable income to the company and has a significant impact on the sustainable development of this business. Materials and methods: within the framework of a systematic approach, when writing the article, the author applied the principles and methods of complex and comparative analysis, economic and statistical, including graphical, the principle of groupings, etc. Research results: today in the Republic of Kazakhstan there are all the economic prerequisites for the development of sanatorium-resort services, where natural resources and space have served as the basis for the development of the economy of sanatorium-resort tourism in the country. In the republic, you can find all the main types of sanatoriumresort institutions that use comprehensive rehabilitation, treatment, recovery and prevention programs. The authors analyzed and studied the main types of health resorts of the Republic of Kazakhstan, the economic component of the current state of the market of sanatorium-resort services in Kazakhstan, the structure of public spending on paid services in the field of sanatorium-resort organizations in Kazakhstan, determining the positions of the regions of Kazakhstan on sanatorium-resort organizations, etc. The main problems hindering the development of sanatorium-resort services were also highlighted and the characteristic features of the sanatorium-resort services market that distinguish it from other markets were highlighted. It is worth noting that the importance of modern activities of sanatoriumresort enterprises in tourism is due to the long and rich traditions of domestic balneology, based on strict scientific approaches to organization and high professionalism in the implementation of sanatoriumresort services.

Transformation of Jember Regency, East Java, Indonesia to Become as a MICE Industry in Collaboration with Among Natural and Cultural Advantages

One of the sectors in tourism that is currently the main focus is Meeting, Incentive, Conference, Exhibition (MICE). MICE relates to the organization of business meetings, incentive programs organized by companies, large-scale meetings involving participants from various places, exhibitions, and many more. MICE contributes greatly to the economic growth of a region by bringing in revenue streams from event participants, as well as driving consumption in the local tourism sector, such as accommodation, restaurants and transportation. Jember Regency, located in East Java Province, has the potential to develop a promising MICE sector. Jember has a number of advantages to attract attention as a MICE destination and is one of the largest regencies in East Java with a variety of natural, cultural and creative economy tourism potential. Jember’s natural beauty, from beautiful beaches such as Papuma Beach to verdant mountains such as Mount Argopuro, provides an enchanting backdrop for many MICE events. Cultural treasures, such as the internationally renowned Labako Dance and Jember Fashion Carnaval, add to the appeal.

The Construction and Application of a Model for Evaluating Tourism Climate Suitability in Terraced Agricultural Cultural Heritage Sites: A Case Study of Longji Terraced Fields in China

As one of the globally significant agricultural cultural heritages, Longji Terraced Fields in Longsheng, Guangxi, China, attract numerous tourists. This study aims to describe the weather phenomena and climate change characteristics of Longji Terraced Fields in recent years to reveal their impact on the tourism economy. Utilizing meteorological station data and considering the actual situation in Longsheng, Guilin, the existing models for evaluating tourism climate comfort are improved. The tourism climate comfort of Longji Terraced Fields from 2002 to 2022 is discussed. The results show that the improved model can better reflect the local situation. The results show that the current Holiday Climate Index and Modified Climate Index for Tourism are not suitable for evaluating the Longji Terraces. Adjustments were made to these indices to account for the high annual precipitation and relative humidity of Longsheng. Combining extensive questionnaire surveys, it was found that the improved evaluation model better reflects tourists’ perceptions of climate comfort. Analysis indicates that when the modified model value is above 70, tourist satisfaction exceeds 80%. The most comfortable tourism periods for the Longji Terraces are August, September, and October, while the least comfortable periods are January, February, and March. This study helps to understand the seasonal variations in tourism climate comfort at Longji Terraced Fields and provides a scientific basis for local tourism industry responses to climate change, thereby increasing tourism revenue.

Spatio-Temporal Evolution and Driving Factors of Tourism Economic Resilience in the Yili River Valley

The tourism economy plays an essential role in supporting and driving tourism development. Therefore, studying its resilience is crucial for promoting sustainable and high-quality tourism development. The purpose of this study is to construct a tourism economic resilience evaluation index system and assess the tourism economic resilience of 10 counties and cities in the Ili River Valley from 2010 to 2019 using the entropy weight TOPSIS method. The results show that (1) the tourism economic resilience shows a “W”-shaped time-series dynamic development trend, especially a decline in 2012–2013 and 2015–2016; (2) the spatial pattern shows a non-equilibrium characteristic, with the northwestern part of the valley represented by Yining City showing a high level of resilience, and the central to southeastern counties and cities showing a lower level of resilience; (3) the spatio-temporal evolution steadily points to “northwest–southeast”, and there are five toughness convergence clubs, with obvious stability and neighborhood effects; (4) and the analysis of the driving factors shows that the number of employees in the tertiary industry, especially the input of high-quality talents, is crucial to improving the quality of services, strengthening the ability to withstand risks and the potential for development, and its impact is significant. These results provide an important reference for the formulation of tourism development strategies and promote the sustainable development of tourism.