IDEAS home Printed from https://ideas.repec.org/p/ira/wpaper/201713.html
   My bibliography  Save this paper

“What really matters is the economic performance: Positioning tourist destinations by means of perceptual maps

Author

Listed:
  • Oscar Claveria

    (Department of Econometrics, Statistics and Applied Economics. University of Barcelona, Diagonal 690, 08034 Barcelona)

Abstract

The present study aims to cluster the world's main tourist destinations according to the growth of the economic performance of the tourist activity and of the tourist and economic development experienced during the last decade. With this objective, we combine the information from a set of tourist and economic indicators for the main 45 tourist destinations over the period between 2000 and 2010. Destinations are ranked with respect to their average growth rate over the sample period. By assigning a numerical value to each country corresponding to its position, all the information is summarised into two components (“economic performance of tourist activity” and “tourist and economic development”) via multivariate techniques for dimensionality reduction: multidimensional scaling (MDS) and categorical principal components analysis (CATPCA). By means of perceptual maps, we find that destinations can be clustered into four different groups. The first one, dominated by Western and Northern Europe markets, contains some of the top destinations (France, Spain and the United States). A second one, with a predominance of Mediterranean destinations (Cyprus, Greece, Italy and Israel), obtains high scores in both dimensions. In the third one, we find Cambodia and China, alongside Egypt and Turkey. Finally, a fourth group dominated by Eastern Europe destinations (Bulgaria, Croatia and Latvia) with low scores in both dimensions.

Suggested Citation

  • Oscar Claveria, 2017. "“What really matters is the economic performance: Positioning tourist destinations by means of perceptual maps," IREA Working Papers 201713, University of Barcelona, Research Institute of Applied Economics, revised Jun 2017.
  • Handle: RePEc:ira:wpaper:201713
    as

    Download full text from publisher

    File URL: http://www.ub.edu/irea/working_papers/2017/201713.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Rid, Wolfgang & Ezeuduji, Ikechukwu O. & Pröbstl-Haider, Ulrike, 2014. "Segmentation by motivation for rural tourism activities in The Gambia," Tourism Management, Elsevier, vol. 40(C), pages 102-116.
    2. Huang, Jen-Hung & Peng, Kua-Hsin, 2012. "Fuzzy Rasch model in TOPSIS: A new approach for generating fuzzy numbers to assess the competitiveness of the tourism industries in Asian countries," Tourism Management, Elsevier, vol. 33(2), pages 456-465.
    3. Oscar Claveria & Enric Monte & Salvador Torra, 2016. "A self-organizing map analysis of survey-based agents? expectations before impending shocks for model selection: The case of the 2008 financial crisis," International Economics, CEPII research center, issue 146, pages 40-58.
    4. Correia, Antonia & Oom do Valle, Patricia & Moco, Claudia, 2007. "Modeling motivations and perceptions of Portuguese tourists," Journal of Business Research, Elsevier, vol. 60(1), pages 76-80, January.
    5. Jacint Balaguer & Manuel Cantavella-Jorda, 2002. "Tourism as a long-run economic growth factor: the Spanish case," Applied Economics, Taylor & Francis Journals, vol. 34(7), pages 877-884.
    6. Sarlin, Peter & Peltonen, Tuomas A., 2013. "Mapping the state of financial stability," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 26(C), pages 46-76.
    7. Sarlin, Peter & Peltonen, Tuomas A., 2013. "Mapping the state of financial stability," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 26(C), pages 46-76.
    8. Meng, Xianming & Siriwardana, Mahinda & Pham, Tien, 2013. "A CGE assessment of Singapore's tourism policies," Tourism Management, Elsevier, vol. 34(C), pages 25-36.
    9. Assaf, A. George & Tsionas, Efthymios G., 2015. "Incorporating destination quality into the measurement of tourism performance: A Bayesian approach," Tourism Management, Elsevier, vol. 49(C), pages 58-71.
    10. Louis Guttman, 1954. "Some necessary conditions for common-factor analysis," Psychometrika, Springer;The Psychometric Society, vol. 19(2), pages 149-161, June.
    11. Pérez-Rodríguez, Jorge V. & Ledesma-Rodríguez, Francisco & Santana-Gallego, María, 2015. "Testing dependence between GDP and tourism's growth rates," Tourism Management, Elsevier, vol. 48(C), pages 268-282.
    12. Warren Torgerson, 1952. "Multidimensional scaling: I. Theory and method," Psychometrika, Springer;The Psychometric Society, vol. 17(4), pages 401-419, December.
    13. Doris Gomezelj Omerzel, 2006. "Competitiveness of Slovenia as a Tourist Destination," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 4(2), pages 167-189.
    14. Hector M. Zarate-Solano & Daniel R. Zapata-Sanabria, 2017. "Clustering and forecasting inflation expectations using the World Economic Survey: the case of the 2014 oil price shock on inflation targeting countries," Borradores de Economia 993, Banco de la Republica de Colombia.
    15. Marcello M. Mariani & Dimitrios Buhalis & Christian Longhi & Ourania Vitouladiti, 2014. "Managing change in tourism destinations : key issues and current trends," Post-Print halshs-00924447, HAL.
    16. Chou, Ming Che, 2013. "Does tourism development promote economic growth in transition countries? A panel data analysis," Economic Modelling, Elsevier, vol. 33(C), pages 226-232.
    17. Schubert, Stefan Franz & Brida, Juan Gabriel & Risso, Wiston Adrián, 2011. "The impacts of international tourism demand on economic growth of small economies dependent on tourism," Tourism Management, Elsevier, vol. 32(2), pages 377-385.
    18. Christine Lim & Michael McAleer, 2001. "Time Series Forecasts of International Tourism Demand for Australia," ISER Discussion Paper 0533, Institute of Social and Economic Research, Osaka University.
    19. Koi Nyen Wong & Tuck Cheong Tang, 2010. "Tourism and Openness to Trade in Singapore: Evidence Using Aggregate and Country-Level Data," Tourism Economics, , vol. 16(4), pages 965-980, December.
    20. Claveria, Oscar & Monte, Enric & Torra, Salvador, 2016. "A self-organizing map analysis of survey-based agents׳ expectations before impending shocks for model selection: The case of the 2008 financial crisis," International Economics, Elsevier, vol. 146(C), pages 40-58.
    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. Ceyhun Can OZCAN & Murat ASLAN & Saban NAZLIOGLU, 2017. "Economic freedom, economic growth and international tourism for post-communist (transition) countries: A panel causality analysis," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(2(611), S), pages 75-98, Summer.
    2. Oscar Claveria & Enric Monte & Salvador Torra, 2017. "“Regional tourism demand forecasting with machine learning models: Gaussian process regression vs. neural network models in a multiple-input multiple-output setting”," AQR Working Papers 201701, University of Barcelona, Regional Quantitative Analysis Group, revised Jan 2017.
    3. Lingaraj MALLICK & Ummalla MALLESH & Jaganath BEHERA, 2016. "Does tourism affect economic growth in Indian states? Evidence from panel ARDL model," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(1(606), S), pages 183-194, Spring.
    4. Viorica Chirilă & Gina Ionela Butnaru & Ciprian Chirilă, 2020. "Spillover Index Approach in Investigating the Linkage between International Tourism and Economic growth in Central and Eastern European Countries," Sustainability, MDPI, Open Access Journal, vol. 12(18), pages 1-36, September.
    5. Dutta, Nabamita & Kar, Saibal, 2018. "Relating rule of law and budgetary allocation for tourism: Does per capita income growth make a difference for Indian states?," Economic Modelling, Elsevier, vol. 71(C), pages 263-271.
    6. Ons Jedidi & Jean Sébastien Pentecote, 2015. "Robust Signals for Banking Crises," Economics Bulletin, AccessEcon, vol. 35(3), pages 1617-1629.
    7. Juan Gabriel Brida & Silvia London & Mara Rojas, 2013. "A Dynamic Model of Tourism and Economic Growth: the Role of Physical and Human Capital," Economics Bulletin, AccessEcon, vol. 33(2), pages 1361-1373.
    8. Lainà, Patrizio & Nyholm, Juho & Sarlin, Peter, 2015. "Leading indicators of systemic banking crises: Finland in a panel of EU countries," Review of Financial Economics, Elsevier, vol. 24(C), pages 18-35.
    9. Peter Sarlin, 2014. "Macroprudential oversight, risk communication and visualization," Papers 1404.4550, arXiv.org, revised Jun 2014.
    10. Omer Yalcinkaya & Muhammet Dastan & Kerem Karabulut, 2018. "The Effects of International Tourism Receipts on Economic Growth- Evidence from the First 20 Highest Income Earning Countries from Tourism in the World (1996-2016)," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 14(3), pages 55-71.
    11. Wei-Bin Zhang, 2017. "Spatial Agglomeration And Economic Development With The Inclusion Of Interregional Tourism," Economic Annals, Faculty of Economics, University of Belgrade, vol. 62(213), pages 93-128, April - J.
    12. Flood, Mark D. & Lemieux, Victoria L. & Varga, Margaret & William Wong, B.L., 2016. "The application of visual analytics to financial stability monitoring," Journal of Financial Stability, Elsevier, vol. 27(C), pages 180-197.
    13. Fernando Sánchez López, 2019. "Unemployment and Growth in the Tourism Sector in Mexico: Revisiting the Growth-Rate Version of Okun’s Law," Economies, MDPI, Open Access Journal, vol. 7(3), pages 1-17, August.
    14. İbrahim Hüseyni, & Ömer Doru, & Ahmet Tunç, 2017. "The Effects Of Tourism Revenues On Economic Growth In The Context Of Neo-Classical Growth Model: In The Case Of Turkey," EcoForum, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department., vol. 6(1), pages 1-2, January.
    15. Barthélémy, Sylvain & Binet, Marie-Estelle & Pentecôte, Jean-Sébastien, 2020. "Worldwide economic recoveries from financial crises through the decades," Journal of International Money and Finance, Elsevier, vol. 105(C).
    16. Savas Papadopoulos & Pantelis Stavroulias & Thomas Sager, 2019. "Systemic early warning systems for EU14 based on the 2008 crisis: proposed estimation and model assessment for classification forecasting," Journal of Banking Regulation, Palgrave Macmillan, vol. 20(3), pages 226-244, September.
    17. Muhammad Shahbaz & Ramzi Benkraiem & Anthony Miloudi & Aviral Kumar Tiwari, 2019. "Tourism-induced financial development in Malaysia: New evidence from the tourism development index," Tourism Economics, , vol. 25(5), pages 757-778, August.
    18. Abdul Rehman & Hengyun Ma & Muhammad Irfan & Munir Ahmad & Ousmane Traore, 2020. "Investigating the Influence of International Tourism in Pakistan and Its Linkage to Economic Growth: Evidence From ARDL Approach," SAGE Open, , vol. 10(2), pages 21582440209, June.
    19. Savas Papadopoulos & Pantelis Stavroulias & Thomas Sager & Etti Baranoff, 2017. "A ternary-state early warning system for the European Union," Working Papers 222, Bank of Greece.
    20. Demir Caner & Cergibozan Raif, 2018. "Determinants of Patent Protection Regimes: A Self-Organizing Map Approach," Review of Economic Perspectives, Sciendo, vol. 18(3), pages 261-283, September.

    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:ira:wpaper:201713. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: https://edirc.repec.org/data/feubaes.html .

    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: Alicia García (email available below). General contact details of provider: https://edirc.repec.org/data/feubaes.html .

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.