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http://hdl.handle.net/10397/65970
Title: | New developments in tourism and hotel demand modeling and forecasting | Authors: | Wu, DC Song, H Shen, S |
Issue Date: | 2017 | Source: | International journal of contemporary hospitality management, 2017, v. 29, no. 1, p. 507-529 | Abstract: | Purpose: The purpose of this paper is to review recent studies published from 2007 to 2015 on tourism and hotel demand modeling and forecasting with a view to identifying the emerging topics and methods studied and to pointing future research directions in the field. Design/methodology/approach: Articles on tourism and hotel demand modeling and forecasting published mostly in both science citation index and social sciences citation index journals were identified and analyzed. Findings: This review finds that the studies focused on hotel demand are relatively less than those on tourism demand. It is also observed that more and more studies have moved away from the aggregate tourism demand analysis, whereas disaggregate markets and niche products have attracted increasing attention. Some studies have gone beyond neoclassical economic theory to seek additional explanations of the dynamics of tourism and hotel demand, such as environmental factors, tourist online behavior and consumer confidence indicators, among others. More sophisticated techniques such as nonlinear smooth transition regression, mixed-frequency modeling technique and nonparametric singular spectrum analysis have also been introduced to this research area. Research limitations/implications: The main limitation of this review is that the articles included in this study only cover the English literature. Future review of this kind should also include articles published in other languages. The review provides a useful guide for researchers who are interested in future research on tourism and hotel demand modeling and forecasting. Practical implications: This review provides important suggestions and recommendations for improving the efficiency of tourism and hospitality management practices. Originality/value: The value of this review is that it identifies the current trends in tourism and hotel demand modeling and forecasting research and points out future research directions. |
Keywords: | Methodological development Modelling and forecasting Tourism and hotel demand |
Publisher: | Emerald Group Publishing Limited | Journal: | International journal of contemporary hospitality management | ISSN: | 0959-6119 | EISSN: | 1757-1049 | DOI: | 10.1108/IJCHM-05-2015-0249 | Rights: | © Emerald Publishing Limited. This AAM is provided for your own personal use only. It may not be used for resale, reprinting, systematic distribution, emailing, or for any other commercial purpose without the permission of the publisher. The following publication Wu, D.C., Song, H. and Shen, S. (2017), "New developments in tourism and hotel demand modeling and forecasting", International Journal of Contemporary Hospitality Management, Vol. 29 No. 1, pp. 507-529 is published by Emerald and is available at https://doi.org/10.1108/IJCHM-05-2015-0249. |
Appears in Collections: | Journal/Magazine Article |
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a0681-n07_886_13.pdf | Pre-Published version | 1.41 MB | Adobe PDF | View/Open |
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