IDEAS home Printed from https://ideas.repec.org/a/spr/infott/v21y2019i1d10.1007_s40558-018-0130-y.html
   My bibliography  Save this article

Determining the usual environment of cardholders as a key factor to measure the evolution of domestic tourism

Author

Listed:
  • Juan de Dios Romero Palop

    (BBVA Data & Analytics)

  • Juan Murillo Arias

    (BBVA Data & Analytics)

  • Diego J. Bodas-Sagi

    (BBVA Data & Analytics)

  • Heribert Valero Lapaz

    (BBVA Data & Analytics)

Abstract

Domestic tourism is harder to analyse compared to international tourism due to its smaller data footprint generation, as most times private means of transport are used, no border is crossed, and no lodging is registered. Digital data sources can be a useful, but still underused, complement to official survey-based statistics to fill this lack of reliable information. The present paper covers a research gap in the use of card transactions data (on site payments and cash withdrawals) to provide an innovative methodology to enhance vision on domestic tourism dynamics. The chosen approach is based on the United Nations World Tourism Organization definition of ‘usual environment’: “the geographical area (though not necessarily a contiguous one) within which an individual conducts his/her regular life routines” Upon this premise, a methodology has been developed in order to use transactional footprints of cardholders to delineate their usual environment, and subsequently to classify transactions as ‘touristic’ or ‘non-touristic’. So as to ensure scalability, the resulting procedure is non- territory reliant, and can therefore be adapted to different geographies by varying one single parameter. Some practical applications are described in Sect. 5 through two use cases carried out in Spain and Mexico by BBVA.

Suggested Citation

  • Juan de Dios Romero Palop & Juan Murillo Arias & Diego J. Bodas-Sagi & Heribert Valero Lapaz, 2019. "Determining the usual environment of cardholders as a key factor to measure the evolution of domestic tourism," Information Technology & Tourism, Springer, vol. 21(1), pages 23-43, March.
  • Handle: RePEc:spr:infott:v:21:y:2019:i:1:d:10.1007_s40558-018-0130-y
    DOI: 10.1007/s40558-018-0130-y
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s40558-018-0130-y
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.

    File URL: https://libkey.io/10.1007/s40558-018-0130-y?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Diego Bodas & Juan Ramon Garcia & Juan Murillo & Matias Pacce & Tomasa Rodrigo & Juan de Dios Romero & Pep Ruiz & Camilo Ulloa & Heribert Valero, 2018. "Measuring Retail Trade Using Card Transactional Data," Working Papers 18/03, BBVA Bank, Economic Research Department.
    2. John W. Galbraith & Greg Tkacz, 2013. "Nowcasting GDP: Electronic Payments, Data Vintages and the Timing of Data Releases," CIRANO Working Papers 2013s-25, CIRANO.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tony Chernis & Rodrigo Sekkel, 2017. "A dynamic factor model for nowcasting Canadian GDP growth," Empirical Economics, Springer, vol. 53(1), pages 217-234, August.
    2. Duarte, Cláudia & Rodrigues, Paulo M.M. & Rua, António, 2017. "A mixed frequency approach to the forecasting of private consumption with ATM/POS data," International Journal of Forecasting, Elsevier, vol. 33(1), pages 61-75.
    3. George Kapetanios & Fotis Papailias, 2018. "Big Data & Macroeconomic Nowcasting: Methodological Review," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers ESCoE DP-2018-12, Economic Statistics Centre of Excellence (ESCoE).
    4. Espasa, Antoni & Carlomagno Real, Guillermo, 2023. "Tall big data time series of high frequency: stylized facts and econometric modelling," DES - Working Papers. Statistics and Econometrics. WS 37746, Universidad Carlos III de Madrid. Departamento de Estadística.
    5. María Gil & Javier J. Pérez & Alberto Urtasun, 2019. "Nowcasting private consumption: traditional indicators, uncertainty measures, credit cards and some internet data," IFC Bulletins chapters, in: Bank for International Settlements (ed.), The use of big data analytics and artificial intelligence in central banking, volume 50, Bank for International Settlements.
    6. Valentina Aprigliano & Guerino Ardizzi & Alessia Cassetta & Alessandro Cavallero & Simone Emiliozzi & Alessandro Gambini & Nazzareno Renzi & Roberta Zizza, 2021. "Exploiting payments to track Italian economic activity: the experience at Banca d’Italia," Questioni di Economia e Finanza (Occasional Papers) 609, Bank of Italy, Economic Research and International Relations Area.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:infott:v:21:y:2019:i:1:d:10.1007_s40558-018-0130-y. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.