The Impact of 9/11 and Other Terrible Global Events on Tourism in the U.S. and Hawaii
This paper reviews recent trends in travel and tourism in the U.S. and Hawaii to ascertain how the terrorist attacks of 9/11 and subsequent terrible global events affected their tourism flows and the manner and pace of their recovery. We note that tourism in the U.S. has not fully recovered from 9/11 and other international shocks; indeed recovery of international travel to the U.S. may be a long way off. By contrast, Hawaii tourism is enjoying robust growth in the aftermath of 9/11 as growth in tourist arrivals from the U.S. mainland has more than offset declines in Japanese and other international visitors. We suggest that Hawaiis current tourism boom is in part explained by the diversion of U.S. travel from foreign travel. The paper demonstrates the usefulness of vector error correction models to generate dynamic visitor forecasts which we use to ascertain whether tourism in Hawaii has fully recovered from 9/11 and other terrible international events. The paper considers policy options for facilitating the recovery of international tourism to the U.S.
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- Carl Bonham & Byron Gangnes, 1995. "Intervention Analysis with Cointegrated Time Series: The Case of the Hawaii Hotel Room Tax," Working Papers 199505, University of Hawaii at Manoa, Department of Economics.
- Nicholas G. Rupp & George M. Holmes & Jeff DeSimone, 2005.
"Airline Schedule Recovery after Airport Closures: Empirical Evidence since September 11,"
Southern Economic Journal,
Southern Economic Association, vol. 71(4), pages 800-820, April.
- Nicholas G. Rupp & George M. Holmes & Jeff DeSimone, . "Airline Schedule Recovery after Airport Closures: Empirical Evidence since September 11th," Working Papers 0207, East Carolina University, Department of Economics.
- Nicholas G. Rupp & George M. Holmes & Jeff DeSimone, 2003. "Airline Schedule Recovery after Airport Closures: Empirical Evidence Since September 11th," NBER Working Papers 9744, National Bureau of Economic Research, Inc.
- Enders, Walter & Sandler, Todd & Parise, Gerald F, 1992. "An Econometric Analysis of the Impact of Terrorism on Tourism," Kyklos, Wiley Blackwell, vol. 45(4), pages 531-54.
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