Sentiment, mood and outbound tourism demand

By M. Dragouni, George Filis, K. Gavriilidis, D. Santamaria. 2016

134 citations recorded by the source corpus.

We investigate spillover effects from sentiment and mood shocks on US outbound tourism demand from 1996 until 2013. We use the Index of Consumer Sentiment and Economic Policy Uncertainty Index as proxies for sentiment and the S&P500 as a proxy for mood. We find a moderate to high interrelationship among sentiment, mood and outbound tourism demand. More importantly, sentiment and mood indicators are net transmitters of spillover shocks to outbound tourism demand. The magnitude of spillover effects sourced by sentiment and mood is time-varying and depends on certain socio-economic and environmental events. Our results have important implications for policymakers and travel agents in their efforts to predict tourism arrivals from key origin countries and to plan their tourism strategy.

Subfields: Economics and Econometrics, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/21d0d2e717c7c7067e6e5a671741caf56cc2c17e

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Ender Demir
2. Giray Gozgor
3. Ahmet Sensoy

In Sociology and Political Science

1. Ender Demir
2. Giray Gozgor

Citations in the corpus

• The Effects of Economic Policy Uncertainty on Outbound Travel Expenditures (2018, background): “1 The main finding of our paper is somewhat in line with the previous results of Dragouni et al. (2016), showing that there is a significant spillover from EPU to outbound tourism.”