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Tourist Seasonality and the Role of Markets

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  • Turrión Prats, Judith

Abstract

This paper performs an analysis of tourism seasonality in Spain, typically from a market-side perspective. Three exercises are performed; firstly, seasonality is analysed through monthly concentration indexes and, in particular, the CV; secondly, the role of markets is explored based on an additive decomposition technique; thirdly, its main economic determinants are assessed through a dynamic panel data model. The main results obtained can be summed up in: first, seasonality in Spain has clearly worsened since 2008, coinciding with a strong growth in overall demand; second, three markets generate two thirds of global seasonality, with the pattern of the UK market of particular concern; third, aggregate demand models suggest that prices, exchange rates and especially income levels are significant explanatory factors. Keywords: seasonality; markets; dynamic panel data models; Spanish tourism

Suggested Citation

  • Turrión Prats, Judith, 2016. "Tourist Seasonality and the Role of Markets," Working Papers 2072/290755, Universitat Rovira i Virgili, Department of Economics.
    • Handle: RePEc:urv:wpaper:2072/290755
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    References listed on IDEAS

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    Cited by:

    1. Francisco Javier Sáez-Fernández & Ignacio Jiménez-Hernández & María del Sol Ostos-Rey, 2020. "Seasonality and Efficiency of the Hotel Industry in the Balearic Islands: Implications for Economic and Environmental Sustainability," Sustainability, MDPI, vol. 12(9), pages 1-17, April.
    2. Juan Antonio Duro, 2018. "Seasonality of tourism," Tourism Economics, , vol. 24(5), pages 615-621, August.
    3. Turrión Prats, Judith & Duro Moreno, Juan Antonio, 2017. "Seasonality Determinants for the Main Markets in Spain," Working Papers 2072/306517, Universitat Rovira i Virgili, Department of Economics.
    4. Gundelfinger-Casar, Javier & Coto-Millán, Pablo, 2018. "Measuring the main determinants of tourism flows to the Canary Islands from mainland Spain," Journal of Air Transport Management, Elsevier, vol. 70(C), pages 83-90.
    5. Merkert, Rico & Webber, Tony, 2018. "How to manage seasonality in service industries – The case of price and seat factor management in airlines," Journal of Air Transport Management, Elsevier, vol. 72(C), pages 39-46.
    6. Martínez, José Manuel Guaita & Martín, José María Martín & Rey, María del Sol Ostos, 2020. "An analysis of the changes in the seasonal patterns of tourist behavior during a process of economic recovery," Technological Forecasting and Social Change, Elsevier, vol. 161(C).

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