Sentiment, mood and outbound tourism demand

Journal article


Dragouni, M., Filis, G., Gavriilidis, K. and Santamaria, D. 2016. Sentiment, mood and outbound tourism demand. Annals of Tourism Research. 60, pp. 80-96. https://doi.org/10.1016/j.annals.2016.06.004
AuthorsDragouni, M., Filis, G., Gavriilidis, K. and Santamaria, D.
Abstract

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.

Year2016
JournalAnnals of Tourism Research
Journal citation60, pp. 80-96
PublisherElsevier
ISSN0160-7383
Digital Object Identifier (DOI)https://doi.org/10.1016/j.annals.2016.06.004
Publication dates
Online2016
Publication process dates
Deposited25 Aug 2016
Accepted26 Jul 2016
Accepted author manuscript
Output statusPublished
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https://repository.canterbury.ac.uk/item/87wv1/sentiment-mood-and-outbound-tourism-demand

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