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Climate change and winter tourism: evidence from Italy

Author

Listed:
  • Gioia Maria Mariani

    (Banca d'Italia)

  • Diego Scalise

    (Banca d'Italia)

Abstract

Increasing temperatures and snow-scarce winter seasons challenge the winter tourism industry, one of the most weather-sensitive economic sectors. In this paper we assemble a novel dataset matching weather conditions and tourism flows in a sample of 39 Italian ski resorts in the last 20 years. We study the relationship between snow conditions, ski passes and overnight stays at ski resort level by means of a panel estimator with double fixed effects to quantify the risk of tourism losses due to climate change. We estimate a positive and significant relationship between snowfall conditions and winter tourism flows in Italian Alpine resorts. According to our estimates and to consensus projections on climate variables, in the coming years the impacts of climate change on ski passes and overnight stays could be significant, especially at lower altitudes. We also find evidence that providing artificial snow only has a weak effect on winter tourism flows, pointing toward the need for a more comprehensive approach to adaptation strategies.

Suggested Citation

  • Gioia Maria Mariani & Diego Scalise, 2022. "Climate change and winter tourism: evidence from Italy," Questioni di Economia e Finanza (Occasional Papers) 743, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:opques:qef_743_22
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    File URL: https://www.bancaditalia.it/pubblicazioni/qef/2022-0743/QEF_743_22.pdf
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    References listed on IDEAS

    as
    1. Andrea Bigano & Jacqueline M. Hamilton & Richard S.J. Tol, 2005. "The Impact Of Climate Change On Domestic And International Tourism: A Simulation Study," Working Papers FNU-58, Research unit Sustainability and Global Change, Hamburg University, revised Jan 2005.
    2. Bas Amelung & Alvaro Moreno, 2012. "Costing the impact of climate change on tourism in Europe: results of the PESETA project," Climatic Change, Springer, vol. 112(1), pages 83-100, May.
    3. Falk, Martin, 2010. "A dynamic panel data analysis of snow depth and winter tourism," Tourism Management, Elsevier, vol. 31(6), pages 912-924.
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    More about this item

    Keywords

    Climate change; winter tourism;

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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