The Impact of Exchange Rate on Tourism Industry

2015 ◽  
pp. 107-118
Author(s):  
Meryem Samirkaş ◽  
Mustafa Can Samirkaş
Keyword(s):  
Exchange Rate ◽  
Current Account Deficit ◽  
Tourism Industry ◽  
Factors Affecting ◽  
Currency Exchange ◽  
Currency Exchange Rates ◽  
Tourism Sector ◽  
Causality Tests ◽  
The Impact ◽  
The Relationship

Tourism sector that is increasingly important in the world economy, developing rapidly in Turkey and provides a serious contributions to country's economy because Turkey consistently has a current account deficit, tourism is an important source of income. There are many factors affecting tourism; it is clear that the industry can be affected by changes in macroeconomic variables, just like any other economic focus. In this context, it is possible that the foreign exchange rate and changes in the value of various currencies can affect tourism, especially with regards to the demands of the tourists themselves. By using the Johansen cointegration and Granger causality tests, this chapter focused on identifying the relationship between currency exchange rates and the demand for tourism in Turkey.

The Impact of Exchange Rate on Tourism Industry

2016 ◽  
pp. 1165-1176
Author(s):  
Meryem Samirkaş ◽  
Mustafa Can Samirkaş
Keyword(s):  
Exchange Rate ◽  
Current Account Deficit ◽  
Tourism Industry ◽  
Factors Affecting ◽  
Currency Exchange ◽  
Currency Exchange Rates ◽  
Tourism Sector ◽  
Causality Tests ◽  
The Impact ◽  
The Relationship

Tourism sector that is increasingly important in the world economy, developing rapidly in Turkey and provides a serious contributions to country's economy because Turkey consistently has a current account deficit, tourism is an important source of income. There are many factors affecting tourism; it is clear that the industry can be affected by changes in macroeconomic variables, just like any other economic focus. In this context, it is possible that the foreign exchange rate and changes in the value of various currencies can affect tourism, especially with regards to the demands of the tourists themselves. By using the Johansen cointegration and Granger causality tests, this chapter focused on identifying the relationship between currency exchange rates and the demand for tourism in Turkey.

scholarly journals Dampak Pengembangan Pantai Kilo Lima pada Masyarakat Lokal di Kota Luwuk Kabupaten Banggai

2020 ◽  
Vol 2 (2) ◽  
pp. 136-144
Author(s):  
Anda Prasetyo Ery ◽  
Dharma Kuba ◽  
Ariesta Ariesta
Keyword(s):  
Natural Resources ◽  
Positive Impact ◽  
Tourism Development ◽  
Local Communities ◽  
Tourism Industry ◽  
Descriptive Research ◽  
Tourism Sector ◽  
Negative Impacts ◽  
The Impact ◽  
The Relationship

Tourism development often does not pay attention to the preservation of natural resources and local culture which are also affected by tourism development and considers that the tourism industry is an industry whose existence is interrelated. This research is descriptive research in the form of written or oral words from people and observable behavior and to be able to better identify the variables to be examined in relation to them and aims to present a structured, factual, and accurate description of the facts -fact and the relationship between the variables to be studied. From the results of the study there are positive and negative impacts that arise. Both environmental, socio-cultural, and economic impacts on local communities who are the main actors who feel the impact of tourism development. The community has felt the positive impact provided by the tourism sector. Although there are still negative impacts that are also felt.

scholarly journals Economic Growth, Exchange Rate and Constrained Competiveness of the Tourism Sector in Andalucía

2015 ◽  
Vol 48 (1) ◽  
pp. 84-100 ◽  
Author(s):  
Muhammad Ali Nasir ◽  
Junjie Wu ◽  
José Calderón Guerrero
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Price Index ◽  
Annual Data ◽  
Key Factors ◽  
European Monetary ◽  
Factors Affecting ◽  
Luxury Hotels ◽  
Tourism Sector ◽  
The Relationship

Abstract This paper examines the relationship between tourism and economic growth, analyzing key factors affecting tourism income in Andalucía, Spain. Based on time series annual data for the period 2005 to 2012 and a multiple regression analysis we show that international tourism has made an important contribution to Andalucía’s economic growth. Some of the factors considered in the analysis include the number of luxury hotels, the hotel price index and the exchange rate, though the latter is outside of the control of local authorities under the European Monetary Union (EMU).

scholarly journals Formation of the trend of ecologically safe social environment - an important component of sustainable development (on the example of tourism)

2021 ◽  
pp. 26
Author(s):  
Olena Garashchuk ◽  
Vira Kutsenko
Keyword(s):  
Sustainable Development ◽  
Social Environment ◽  
Tourism Industry ◽  
Environmental Standards ◽  
Tourism Sector ◽  
Environmental Requirements ◽  
Ecological Tourism ◽  
Functional Areas ◽  
The Impact ◽  
The Relationship

Introduction. A characteristic feature of our time is the deterioration of the ecological situation, necessitating the formation of an ecologically safe environment as an important component of sustainable development. In this regard, the tourism sector and ecological tourism in particular, which is one of the leading types of economic activity that provide an ecological direction of economic development, is gaining momentum. Today there are both favorable and unfavorable factors for the development of the tourism sector.Purpose of the research. The study is devoted to the substantiation of the scientific and practical foundations, the application of which will ensure the activities of the tourism sector in the context of the implementation of the environmental requirements of sustainable development.Results. The essence and significance of an ecologically safe social environment, necessary to ensure sustainable development in the country, is revealed. It highlights the place in this process of the tourism sector in general and ecological tourism, in particular, as well as the types of natural resources on the basis of which this area operates. A vision of the main functional areas of activity in the field of ecological tourism and infrastructure components of the tourism industry is presented.The main attention in the aspect of the investigated problematics is paid to the search for ways of preserving and rational use of natural resource potential. At the same time, special emphasis is placed on environmental education – primarily children, adolescents, youth and the substantiation of the main tasks of environmental policy in the context of ensuring sustainable development. Problems associated with the impact of the environmental situation on the state of public health are also taken into account. The proposed theoretical and methodological approaches to the formation of a trend to further strengthen the relationship between ecology, economy and society in the context of the implementation of European environmental standards in national legislation.Perspectives. Further research is required on the issues of determining the directions of specific measures for the development of the tourism sector, carried out taking into account the existing socio-economic prerequisites and aimed at creating an ecologically safe social environment as an important component of sustainable development.

scholarly journals Factors Affecting Customer Value Co-Creation Behavior: A Case of Tourism Industry

2020 ◽  
Vol V (IV) ◽  
pp. 23-30
Author(s):  
Aziz Ur Rehman Rana ◽  
Amir Gulzar ◽  
Amjad Shamim
Keyword(s):  
Customer Value ◽  
Target Population ◽  
Tourism Industry ◽  
Factors Affecting ◽  
Mediating Role ◽  
Northern Areas ◽  
Tourism Sector ◽  
Study Results ◽  
The Relationship

The main purpose of this study is to find the factors affecting value co-creation behavior. This study also aimed to find the mediating role of customer co-creation attitude on the relationship between factors and value co-creation behavior. The target population selected for this study was the northern areas of Pakistan. The sample size of this study was (n=480) respondents. The data were collected at three different time's intervals, i.e. at the time, 1, independent variables data were collected at time 2 mediating variable was collected, and at time 3 dependent variable data was collected. This study results revealed that all factors have a positive and significant effect on customer value co-creation behavior. The results revealed that customer co-creation attitude has a positive and significant mediating role between factors and customer value co-creation behavior. The results of this study will open a new avenue in the tourism sector and as well for scholars and practitioners.

scholarly journals MODEL ESTIMASI GARCH DALAM MENGUKUR KINERJA NILAI TUKAR RUPIAH

2017 ◽  
Vol 18 (02) ◽  
pp. 52-61
Author(s):  
Imelda Saluza
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Accurate Estimation ◽  
Estimation Model ◽  
High Data ◽  
Currency Exchange ◽  
Currency Exchange Rates ◽  
High Volatility ◽  
The Exchange Rate ◽  
The Impact

The exchange rate is determined by the demand and supply relationship of the currency. If the demand for a currency increases, while the supply remains or even decreases, then the exchange rate will rise vice versa. The ups and downs of exchange rates on the money market indicate the magnitude of the volatility that occurs in the currency of a State against the currencies of other countries. The volatility phenomenon indicates difficulty in analyzing the exchange rate. Increasing volatility indicates an even greater movement of currency exchange rates even if currency exchange rates experience extreme volatility resulting in economic instability both from the micro and macro sides. The high volatility seen from the pattern of price movements that occur in financial markets, and the impact that can be generated from the high volatility data is the error that will have a variance that is not constant. That is, a relatively high data variability at a time indicates the presence of heteroscedasticity. Heteroscedasticity can lead to errors in drawing a conclusion to the estimated model obtained. Therefore, we need a model that is able to solve the problem that is Generalized Autoregressive Conditional Heteroscedasticity (GARCH) model in order to get more accurate estimation model to estimate exchange rate. From the simulation result, all data contain the volatility seen from the result of heteroscedasticity test, and obtained estimation model for all data.

scholarly journals THE RELATIONSHIP BETWEEN POLITICAL RISK AND EMPLOYMENT IN TOURISM: A CASE OF SOUTH AFRICA

2021 ◽  
Vol 9 (2) ◽  
pp. 78-88
Author(s):  
Jean Claude Manaliyo ◽  
Keyword(s):  
Time Series Data ◽  
Political Risk ◽  
Tourism Industry ◽  
Series Data ◽  
Long Run ◽  
Tourism Sector ◽  
Short Run ◽  
High Level ◽  
The Impact ◽  
The Relationship

Political risk is one of the determinants of employment in the tourism industry. Changes in the level of political risk in a country result in fluctuations in employment in the tourism sector. Countries with a high level of political risk experience a decline in employment whereas countries with a low level of political risk experience an increase in employment. This paper investigates the impact of political risk on employment in South Africa’s tourism industry using quarterly time series data for the period between 2007 and 2017. The study employs the Autoregressive Distribution Lag (ARDL) model to determine the impact of political risk on employment in tourism in both the short- and long-run. The results from the analysis reveal that political risk has both short- and long-run effects on employment in South Africa’s tourism industry. When the level of political risk declines by 1%, employment grows by 5.016% in the long-run whereas employment increases by 1.51% in the short-run when the level of political risk declines by 1%. These results imply that governments have to keep the level of political risk low by avoiding political risk events and actions for the tourism industry to create additional employment opportunities.

scholarly journals The impact of the COVID-19 outbreak on Chinese-listed tourism stocks

2021 ◽  
Vol 7 (1) ◽  
Author(s):  
Wenmin Wu ◽  
Chien-Chiang Lee ◽  
Wenwu Xing ◽  
Shan-Ju Ho
Keyword(s):  
Stock Returns ◽  
Cultural Differences ◽  
Stock Price ◽  
Negative Impact ◽  
Tourism Industry ◽  
Regression Analyses ◽  
Short Term ◽  
Tourism Sector ◽  
Event Study Method ◽  
The Impact

AbstractThis research explored the effects of the coronavirus disease (COVID-19) outbreak on stock price movements of China’s tourism industry by using an event study method. The results showed that the crisis negatively impacted tourism sector stocks. Further quantile regression analyses supported the non-linear relationship between the government’s responses and stock returns. The results present that the resurgence of the virus in Beijing did bring about a short-term negative impact on the tourism industry. The empirical results can be used for future researchers to conduct a comparative study of cultural differences concerning government responses to the COVID-19.

scholarly journals Factors affecting the organizational performance of manufacturing firms

2017 ◽  
Vol 9 ◽  
pp. 184797901771262 ◽  
Author(s):  
Ahmad Adnan Al-Tit
Keyword(s):  
Organizational Performance ◽  
Measurement Instrument ◽  
Manufacturing Firms ◽  
Factors Affecting ◽  
Mediating Role ◽  
Values And Beliefs ◽  
The Individual ◽  
The Impact ◽  
The Relationship

Numerous studies have been conducted to explore the individual effects of organizational culture (OC) and supply chain management (SCM) practices on organizational performance (OP) in different settings. The aim of this study is to investigate the impact of OC and SCM on OP. The sample of the study consisted of 93 manufacturing firms in Jordan. Data were collected from employees and managers from different divisions using a reliable and valid measurement instrument. The findings confirm that both OC and SCM practices significantly predict OP. The current study is significant in reliably testing the relationship between SCM practices and OP; however, it is necessary to consider cultural assumptions, values and beliefs as the impact of OC on OP is greater than the impact of SCM practices. Based on the results, future studies should consider the moderating and mediating role of OC on the relationship between SCM practices and OP.

Research on the hydrographic survey cycle for updating navigational charts

2021 ◽  
pp. 1-13
Author(s):  
Jing Duan ◽  
Xiaoxia Wan ◽  
Jianan Luo
Keyword(s):  
Neural Network ◽  
Bp Neural Network ◽  
Calculation Model ◽  
Impact Factors ◽  
Factors Affecting ◽  
Material Resources ◽  
Hydrographic Survey ◽  
Survey Planning ◽  
The Impact ◽  
The Relationship

Abstract Due to the vast ocean area and limited human and material resources, hydrographic survey must be carried out in a selective and well-planned way. Therefore, scientific planning of hydrographic surveys to ensure the effectiveness of navigational charts has become an urgent issue to be addressed by the hydrographic office of each coastal state. In this study, a reasonable calculation model of hydrographic survey cycle is established, which can be used to make the plan of navigational chart updating. The paper takes 493 navigational charts of Chinese coastal ports and fairways as the research object, analyses the fundamental factors affecting the hydrographic survey cycle and gives them weights, proposes to use the BP neural network to construct the relationship between the cycle and the impact factors, and finally establishes a calculation model of the hydrographic survey cycle. It has been verified that the calculation cycle of the model is effective, and it can provide reference for hydrographic survey planning and chart updating, as well as suggestions for navigation safety.

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