Sentiment, mood and outbound tourism demand

Dragouni, M., Filis, G., Gavriilidis, K. and Santamaria, D. (2016) Sentiment, mood and outbound tourism demand. Annals of Tourism Research, 60. pp. 80-96. ISSN 0160-7383.

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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.

Item Type: Article
Subjects: G Geography. Anthropology. Recreation > G Geography (General) > G0149 Travel. Voyages and travels (General) > G0155 Tourism
H Social Sciences
H Social Sciences > HB Economic Theory
Divisions: Faculty of Social and Applied Sciences > The Business School
Depositing User: Dr Daniel Santamaria
Date Deposited: 25 Aug 2016 14:25
Last Modified: 21 Sep 2016 12:11

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Last edited: 29/06/2016 12:23:00