Journal
ANNALS OF TOURISM RESEARCH
Volume 93, Issue -, Pages -Publisher
PERGAMON-ELSEVIER SCIENCE LTD
DOI: 10.1016/j.annals.2022.103352
Keywords
Tourism demand; Regional resilience; COVID-19; Clustered panel regression
Categories
Funding
- Ministry of Economics and Competitiveness (Spain) [PID2020-115183RB-C21]
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This paper analyzes the short-term resilience of domestic tourism demand in Spain to COVID-19 during the re-opening of the economy. The study highlights the factors that contribute to the resilience of the hotel industry, including price variations, pre-pandemic demand levels, the epidemiological situation, and non-pharmaceutical interventions. The results show that provinces with higher pre-pandemic demand have better withstood the pandemic shock, but there are variations across clusters.
This paper analyses the short-term resilience of domestic tourism demand in Spain to COVID19 during the re-opening of the economy. We study the factors that explain the immediately after pandemic outbreak resilience of the hotel industry focusing on the role of (i) price variations, (ii) pre-pandemic demand levels of domestic and international tourism, (iii) the epidemiological situation at each destination and potential origins, and (iv) non-pharmaceutical interventions in the form of regional borders' closure. Exploiting monthly panel data for 50 provinces, we implement a panel regression clustering approach to examine slope heterogeneity in the determinants of domestic hotel demand resilience. Our results indicate that provinces with greater pre-pandemic demand have resisted better the pandemic shock, but with relevant heterogeneity across clusters.(c) 2022 Elsevier Ltd. All rights reserved.
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