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International tourism in Italy: recent trends, potential demand and a comparison with the main European competitors

Author

Listed:
  • Emanuele Breda

    (Bank of Italy)

  • Rita Cappariello

    (Bank of Italy)

  • Valentina ROmano

    (Bank of Italy)

Abstract

This work analyses the pattern of expenditure by foreign tourists in Italy and of Italy’s market share of the world’s exports of tourism services since the beginning of the last decade. The paper proposes a comparison with the other main euro area countries, focusing in particular on the years following the global financial crisis. This study utilizes data from the Bank of Italy’s Survey on International Tourism for a structural analysis of international travel flows to Italy and the dynamics of foreign tourists’ expenditure in Italy and its macro-areas, considering the evolution of “potential” demand.

Suggested Citation

  • Emanuele Breda & Rita Cappariello & Valentina ROmano, 2018. "International tourism in Italy: recent trends, potential demand and a comparison with the main European competitors," Questioni di Economia e Finanza (Occasional Papers) 475, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:opques:qef_475_18
    as

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    File URL: http://www.bancaditalia.it/pubblicazioni/qef/2018-0475/QEF_475_18.pdf
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    References listed on IDEAS

    as
    1. Julio A. Afonso-Rodríguez & María Santana-Gallego, 2018. "Is Spain benefiting from the Arab Spring? On the impact of terrorism on a tourist competitor country," Quality & Quantity: International Journal of Methodology, Springer, vol. 52(3), pages 1371-1408, May.
    2. Lorenzo Masiero & Juan L. Nicolau, 2012. "Price Sensitivity to Tourism Activities: Looking for Determinant Factors," Tourism Economics, , vol. 18(4), pages 675-689, August.
    3. Ferrer-Rosell, Berta & Martínez-Garcia, Esther & Coenders, Germà, 2014. "Package and no-frills air carriers as moderators of length of stay," Tourism Management, Elsevier, vol. 42(C), pages 114-122.
    4. Lúðvík Elíasson & Önundur Páll Ragnarsson, 2018. "Short-term renting of residential apartments. Effects of Airbnb in the Icelandic housing market," Economics wp76, Department of Economics, Central bank of Iceland.
    5. Valter Di Giacinto & Andrea Migliardi, 2013. "Vettori low cost e spesa per vacanze dei turisti internazionali in Italia," ECONOMIA E DIRITTO DEL TERZIARIO, FrancoAngeli Editore, vol. 2013(1), pages 29-46.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    international tourism; market shares; foreign demand;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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