Tourism persistence in Spain: National versus international visitors

  1. Gil-Alana, Luis A 1
  2. Román, Elena San 2
  3. Gil-López, Águeda 3
  1. 1 University of Navarra, Spain; Universidad Francisco de Vitoria, Spain
  2. 2 Complutense University, Spain
  3. 3 Universidad Francisco de Vitoria, Spain
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Revista:
Tourism Economics

ISSN: 1354-8166,  2044-0375

Año de publicación: 2019

Volumen: 27

Número: 4

Páginas: 614-625

Tipo: Artículo

DOI: 10.1177/1354816619891349 GOOGLE SCHOLAR lock_openAcceso abierto editor

Otras publicaciones en: Tourism Economics

Resumen

In this article, we examine the statistical properties of the time series corresponding to the number of national and international visitors in Spain using fractional integration. This methodology allows us to examine the degree of persistence of the series, and thus, infer some conclusions about the nature of the shocks. According to the results reported in this work, seasonality matters in both cases, being more important in international tourism. Moreover, we observe significant differences in the degree of persistence between national and international tourism. Although both series seem to be mean reverting, with shocks having a transitory nature, higher orders of integration are observed in the case of the international arrivals.

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