Forecasting tourism recovery amid COVID-19

The profound impact of the coronavirus disease 2019 (COVID-19) pandemic on global tourism activity has rendered forecasts of tourism demand obsolete. Accordingly, scholars have begun to seek the best methods to predict the recovery of tourism from the devastating effects of COVID-19. In this study,...

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Main Authors: Zhang, Hanyuan, Song, Haiyan, Wen, Long, Liu, Chang
Format: Article
Language:English
Published: Elsevier Ltd 2021
Subjects:
Online Access:https://eprints.nottingham.ac.uk/64690/
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author Zhang, Hanyuan
Song, Haiyan
Wen, Long
Liu, Chang
author_facet Zhang, Hanyuan
Song, Haiyan
Wen, Long
Liu, Chang
author_sort Zhang, Hanyuan
building Nottingham Research Data Repository
collection Online Access
description The profound impact of the coronavirus disease 2019 (COVID-19) pandemic on global tourism activity has rendered forecasts of tourism demand obsolete. Accordingly, scholars have begun to seek the best methods to predict the recovery of tourism from the devastating effects of COVID-19. In this study, econometric and judgmental methods were combined to forecast the possible paths to tourism recovery in Hong Kong. The autoregressive distributed lag-error correction model was used to generate baseline forecasts, and Delphi adjustments based on different recovery scenarios were performed to reflect different levels of severity in terms of the pandemic’s influence. These forecasts were also used to evaluate the economic effects of the COVID-19 pandemic on the tourism industry in Hong Kong.
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spelling nottingham-646902021-03-10T06:16:40Z https://eprints.nottingham.ac.uk/64690/ Forecasting tourism recovery amid COVID-19 Zhang, Hanyuan Song, Haiyan Wen, Long Liu, Chang The profound impact of the coronavirus disease 2019 (COVID-19) pandemic on global tourism activity has rendered forecasts of tourism demand obsolete. Accordingly, scholars have begun to seek the best methods to predict the recovery of tourism from the devastating effects of COVID-19. In this study, econometric and judgmental methods were combined to forecast the possible paths to tourism recovery in Hong Kong. The autoregressive distributed lag-error correction model was used to generate baseline forecasts, and Delphi adjustments based on different recovery scenarios were performed to reflect different levels of severity in terms of the pandemic’s influence. These forecasts were also used to evaluate the economic effects of the COVID-19 pandemic on the tourism industry in Hong Kong. Elsevier Ltd 2021-01-16 Article PeerReviewed application/pdf en cc_by https://eprints.nottingham.ac.uk/64690/1/Forecasting%20tourism%20recovery%20amid%20COVID-19.pdf Zhang, Hanyuan, Song, Haiyan, Wen, Long and Liu, Chang (2021) Forecasting tourism recovery amid COVID-19. Annals of Tourism Research, 87 . p. 103149. ISSN 01607383 COVID-19; tourism demand; crisis management; Delphi method; forecasting scenarios http://dx.doi.org/10.1016/j.annals.2021.103149 doi:10.1016/j.annals.2021.103149 doi:10.1016/j.annals.2021.103149
spellingShingle COVID-19; tourism demand; crisis management; Delphi method; forecasting scenarios
Zhang, Hanyuan
Song, Haiyan
Wen, Long
Liu, Chang
Forecasting tourism recovery amid COVID-19
title Forecasting tourism recovery amid COVID-19
title_full Forecasting tourism recovery amid COVID-19
title_fullStr Forecasting tourism recovery amid COVID-19
title_full_unstemmed Forecasting tourism recovery amid COVID-19
title_short Forecasting tourism recovery amid COVID-19
title_sort forecasting tourism recovery amid covid-19
topic COVID-19; tourism demand; crisis management; Delphi method; forecasting scenarios
url https://eprints.nottingham.ac.uk/64690/
https://eprints.nottingham.ac.uk/64690/
https://eprints.nottingham.ac.uk/64690/