Integration of tourism markets in Australia: An international visitor arrivals’ convergence assessment

• Stavros Kourtzidis ^[1] ; Panayiotis Tzeremes ^[2] ; Nickolaos Tzeremes ^[2] ; Tomás. Heryán ^[3]
  1. [1] University of Dundee

     University of Dundee

     Reino Unido

     
  2. [2] University Of Thessaly

     University Of Thessaly

     Dimos Volos, Grecia

     
  3. [3] Silesian University in Opava

     Silesian University in Opava

     Chequia

     

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• Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 24, Nº. 7, 2018, págs. 901-907
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • By applying the methodological framework of transition modeling and econometric convergence tests introduced by Phillips and Sul, we reveal the existence of convergence clubs and transition convergence paths of international visitor arrivals for Australia. Specifically, by using monthly data of international arrivals over the period of January 1991 to September 2017, we provide evidence that tourism markets can integrate. The analysis suggests the identification of five distinct convergence clubs. This in turn signifies an integration phenomenon of Australia’s tourism market, which is revealed through the different convergence patterns of international visitor arrivals. Finally, it is evident that the revealed integration behavior of Australia’s international tourism market will enable policy makers to target better tourism needs through customized policies.