Uncertainty and the Tourism Industry
Nonlinearity, Asymmetries, and Implications
Bibliographic Data
| ID | 21654097 |
|---|---|
| Authors | Aliana Man Wai Leong (0009-0000-2268-4042, School of Liberal Arts Macau University of Science and Technology Taipa Macau), Wai Yie Leong (0000-0002-5389-1121), Emrah Kocak (0000-0002-5889-3126, Department of Economics Erciyes University Kayseri Turkey), Jing Yi Bai (0000-0002-0901-6063), Jingyi Bai (School of Liberal Arts Macau University of Science and Technology Taipa Macau), Fevzi Okumus (0000-0001-8670-9720, Rosen College of Hospitality Management University of Central Florida Orlando Florida USA, corresponding author) |
| Year | 2025 |
| Volume | 27 |
| Issue | 2 |
| Publication date | 2025-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | International Journal of Tourism Research (JOURNAL) |
| Journal identifiers | ISSN: 1099-2340 • E-ISSN: 1522-1970 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1002/jtr.70021 |
| OpenAlex | W4409623760 |
| Language | EN |
| Citations received | 1 |
| References cited | 66 |
This study investigates the asymmetric effects of pandemic‐induced uncertainty on tourism demand from Western Europe to the United States of America, offering a novel perspective within the framework of business‐cycle theory. Traditional models typically assume a symmetric impact of external shocks, such as pandemics, on tourism demand; however, this study challenges that assumption. According to business‐cycle theory, cyclical fluctuations during both expansion and contraction phases exhibit asymmetric effects. This research applies this theory to explore how pandemic‐induced uncertainty affects tourism demand, using a non‐linear approach. Our findings demonstrate that the positive impact of uncertainty reduction (contraction phase) on tourism demand is greater than the negative impact of increased uncertainty (expansion phase). The study highlights the importance of incorporating nonlinearity and asymmetry when analyzing tourism demand, particularly in the context of global crises and uncertainties
Business · Econometrics · Economics · Financial economics · Geography · Natural resource economics · Public economics · Tourism · Forecasting Techniques and Applications · Market Dynamics and Volatility · Monetary Policy and Economic Impact
Modelling Asymmetric Cointegration and Dynamic Multipliers in a Nonlinear ARDL Framework
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Too afraid to Travel? Development of a Pandemic (Covid-19) Anxiety Travel Scale (Pats)
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| Unique citing works | 1 |
|---|---|
| Citations per year | 1 |
| Citation span | 2026 - 2026 (1) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 1 |