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The number of Norwegian guest nights in Swedish hotels and cottages is studied. Aggregation of an integer-valued AR(1) model and a two-stage demand model underlies the empirical results. The parameters in the model are check-out probability, mean check-in and the probability of selecting the...
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In this paper we consider a model for international tourism demand. The analysis departure from a utility function that … stochastic seasonal and trend components. An application is done for different segments of the Swedish tourism market. …
Persistent link: https://www.econbiz.de/10005198020
cross-relate the time series for inbound tourism in Sweden for different visitor categories and estimate vector ARMA models …
Persistent link: https://www.econbiz.de/10005207121
Starting from a day-to-day model on hotel specific guest nights we obtain an integer-valued moving average model by cross-sectional and temporal aggregation. The two parameters of the aggregate model reflect the daily mean check-in and the daily check-out probability. Letting the parameters be...
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