Predictability and self-similarity in demand maturity of tourist destinations: The case of Tenerife

This work aims to explore the behavior of a mature island tourist destination, Tenerife, according to the Autoregressive Fractional Differencing Integrated Moving Average (ARFIMA) model. This behavior will be compared to several other destinations, in an increasing geographical scale. Relevant lesso...

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Detalles Bibliográficos
Autores: Flores-Muñoz, Francisco, Gutiérrez-Barroso, Josúe, Báez-García, Alberto-Javier
Tipo de recurso: artículo
Fecha de publicación:2019
País:España
Institución:Universidad Autónoma de Madrid
Repositorio:Biblos-e Archivo. Repositorio Institucional de la UAM
Idioma:inglés
OAI Identifier:oai:repositorio.uam.es:10486/690970
Acceso en línea:http://hdl.handle.net/10486/690970
https://dx.doi.org/10.32826/cude.v42i118.16
Access Level:acceso abierto
Palabra clave:Demand modeling
Mature tourist destinations
ARFIMA
Economía
Descripción
Sumario:This work aims to explore the behavior of a mature island tourist destination, Tenerife, according to the Autoregressive Fractional Differencing Integrated Moving Average (ARFIMA) model. This behavior will be compared to several other destinations, in an increasing geographical scale. Relevant lessons will arise for policy making at the short and long run. Predictability seems to be available but only for a limited horizon. Self similarity across geographic level seems to arise from the results. These findings complement previous conceptualizations like classic TALC (tourism area life cycle) based on long term predictability