Tourism demand forecasting – a review on the variables and models
With the growth of the world's tourism industry, researchers took advantage to conduct numerous studies in forecasting of tourism demand. The objective of this paper is to review the studies on tourism demand starting from 2010 to 2018 which varies on the explanatory variables, such as tourist...
| Main Authors: | , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
IOP Publishing
2019
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| Subjects: | |
| Online Access: | http://umpir.ump.edu.my/id/eprint/35140/1/2019%20Jour%20of%20Phy%20Tourism%20demand%20forecasting%20a%20review%20on%20the%20variables%20and%20models.pdf |
| _version_ | 1796995282113658880 |
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| author | Mohd Khaidi, Sarah Abu, Noratikah Muhammad, Noryanti |
| author_facet | Mohd Khaidi, Sarah Abu, Noratikah Muhammad, Noryanti |
| author_sort | Mohd Khaidi, Sarah |
| collection | UMP |
| description | With the growth of the world's tourism industry, researchers took advantage to conduct numerous studies in forecasting of tourism demand. The objective of this paper is to review the studies on tourism demand starting from 2010 to 2018 which varies on the explanatory variables, such as tourist income, exchange rate, gross domestic product, and others. In addition, this study also reviewed the models used to forecast and analyse tourism demand which are time-series model, econometric causal model and artificial intelligence model. The result from this review shows it is difficult to conclude which models performed the best for tourism demand. However, in most of the studies, combined models outperformed single model. Furthermore, the authors mentioned about the roles of tourism practitioners in the industry, tourism seasonality and suggestions for further studies in the future. |
| first_indexed | 2024-03-06T13:00:02Z |
| format | Conference or Workshop Item |
| id | UMPir35140 |
| institution | Universiti Malaysia Pahang |
| language | English |
| last_indexed | 2024-03-06T13:00:02Z |
| publishDate | 2019 |
| publisher | IOP Publishing |
| record_format | dspace |
| spelling | UMPir351402022-10-18T04:57:17Z http://umpir.ump.edu.my/id/eprint/35140/ Tourism demand forecasting – a review on the variables and models Mohd Khaidi, Sarah Abu, Noratikah Muhammad, Noryanti G Geography (General) QA Mathematics With the growth of the world's tourism industry, researchers took advantage to conduct numerous studies in forecasting of tourism demand. The objective of this paper is to review the studies on tourism demand starting from 2010 to 2018 which varies on the explanatory variables, such as tourist income, exchange rate, gross domestic product, and others. In addition, this study also reviewed the models used to forecast and analyse tourism demand which are time-series model, econometric causal model and artificial intelligence model. The result from this review shows it is difficult to conclude which models performed the best for tourism demand. However, in most of the studies, combined models outperformed single model. Furthermore, the authors mentioned about the roles of tourism practitioners in the industry, tourism seasonality and suggestions for further studies in the future. IOP Publishing 2019-11-01 Conference or Workshop Item PeerReviewed pdf en cc_by http://umpir.ump.edu.my/id/eprint/35140/1/2019%20Jour%20of%20Phy%20Tourism%20demand%20forecasting%20a%20review%20on%20the%20variables%20and%20models.pdf Mohd Khaidi, Sarah and Abu, Noratikah and Muhammad, Noryanti (2019) Tourism demand forecasting – a review on the variables and models. In: Journal of Physics: Conference Series; 2nd International Conference on Applied and Industrial Mathematics and Statistics 2019, ICoAIMS 2019 , 23 - 25 July 2019 , The Zenith Hotel, Kuantan, Pahang. pp. 1-8., 1366 (012111). ISSN 1742-6588 (print); 1742-6596 (online) https://doi.org/10.1088/1742-6596/1366/1/012111 |
| spellingShingle | G Geography (General) QA Mathematics Mohd Khaidi, Sarah Abu, Noratikah Muhammad, Noryanti Tourism demand forecasting – a review on the variables and models |
| title | Tourism demand forecasting – a review on the variables and models |
| title_full | Tourism demand forecasting – a review on the variables and models |
| title_fullStr | Tourism demand forecasting – a review on the variables and models |
| title_full_unstemmed | Tourism demand forecasting – a review on the variables and models |
| title_short | Tourism demand forecasting – a review on the variables and models |
| title_sort | tourism demand forecasting a review on the variables and models |
| topic | G Geography (General) QA Mathematics |
| url | http://umpir.ump.edu.my/id/eprint/35140/1/2019%20Jour%20of%20Phy%20Tourism%20demand%20forecasting%20a%20review%20on%20the%20variables%20and%20models.pdf |
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