Common trends in international tourism demand: Are they useful to forecast tourism predictions?

This study evaluates whether modelling the existing commont trends in tourism arrivals from all visitor markets to a specific destination can improve tourism predictions. While most tourism forecasting research focuses on univariate methods, we compare the performance of three different Artificial N...

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Detalles Bibliográficos
Autores: Clavería González, Óscar, Monte Moreno, Enric, Torra Porras, Salvador
Tipo de recurso: artículo
Estado:Versión aceptada para publicación
Fecha de publicación:2015
País:España
Institución:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
Repositorio:Recercat. Dipósit de la Recerca de Catalunya
OAI Identifier:oai:recercat.cat:2445/66855
Acceso en línea:https://hdl.handle.net/2445/66855
Access Level:acceso abierto
Palabra clave:Previsió econòmica
Turisme
Desenvolupament econòmic
Xarxes neuronals (Informàtica)
Economic forecasting
Tourism
Economic development
Neural networks (Computer science)
Descripción
Sumario:This study evaluates whether modelling the existing commont trends in tourism arrivals from all visitor markets to a specific destination can improve tourism predictions. While most tourism forecasting research focuses on univariate methods, we compare the performance of three different Artificial Neural Networks in a multivariate setting that takes into account the correlations in the evolution of inbound international tourism demand to Catalonia (Spain). We find that the multivariate multiple-output approach does not outperform the forecasting performance of the networks when applied country by country, but it significantly outperforms the forecasting performance for total tourist arrivals.