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Fine-grained tourism demand forecasting: A decomposition ensemble deep learning model

Author

Listed:
  • Jian-Wu Bi
  • Tian-Yu Han
  • Yanbo Yao

Abstract

Compared with coarse-grained forecasting, fine-grained tourism demand forecasting is a more challenging task, but research on this issue is very scarce. To address this issue, a decomposition ensemble deep learning model is proposed by integrating CEEMDAN, CNNs, LSTM networks, and AR models. The CEEMDAN can decompose complex tourism demand data into multiple components with simpler characteristics, thereby reducing the complexity of forecasting. The CNNs and LSTM networks can fully capture the locally recurring patterns and the long-term dependencies of the components obtained by CEEMDAN. The AR model can capture the scale of tourism demand data, which can overcome the problem that the output scale of the deep neural networks (i.e., CNNs and LSTM networks) is not sensitive to the scale of the inputs. The effectiveness of the proposed model is verified by comparing with five benchmark models using real-time data on tourist volumes at two attractions.

Suggested Citation

  • Jian-Wu Bi & Tian-Yu Han & Yanbo Yao, 2023. "Fine-grained tourism demand forecasting: A decomposition ensemble deep learning model," Tourism Economics, , vol. 29(7), pages 1736-1763, November.
  • Handle: RePEc:sae:toueco:v:29:y:2023:i:7:p:1736-1763
    DOI: 10.1177/13548166231158705
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