Influences of Tourist Crisis on Inbound Travel
This paper constructed a model to propose the financial crisis impact on inbound tourism. Two hypotheses are about the relationship between financial crisis and the number of inbound tourist, plus inbound tourists’ expense. This paper analyzes the number of inbound tourists and their average expenses by TRAMO/SEATS and Eviews software under the influences of financial crisis. The results show that firstly foreign exchange earnings, inbound tourist number and average expense have been reduced obviously. Secondly, the influence on average expenses is less than that on inbound tourist numbers at the end of 2008. The recovery of average expenses was faster than that of tourist numbers. Thirdly, the influence of inbound tourist numbers is greater and longer than that of average expenses. Fourthly, time length and degrees of crisis are quite different when trend curves are various. Then the paper puts forward specific countermeasures with Chinese characteristics.
Di Zheng, Yiqiang Wang, Yi-Min Deng, Aibing Yu and Weihua Li
H. M. Lee and X. J. Zhang, "Influences of Tourist Crisis on Inbound Travel", Applied Mechanics and Materials, Vols. 101-102, pp. 182-185, 2012