Television-Induced Tourism: Evidence from Croatia
Autor: | Ivan Kozic, Tomislav Globan, Craig A. Depken |
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Rok vydání: | 2020 |
Předmět: |
Croatian
Attractiveness 050208 finance 05 social sciences Advertising Destinations language.human_language Difference in differences Dubrovnik Game of Thrones difference-in-differences film tourism Geography Market economy 0502 economics and business language Economics Revenue 050207 economics Volatility (finance) General Economics Econometrics and Finance Control methods Tourism Anecdotal evidence Public finance |
Zdroj: | Atlantic Economic Journal. 48:253-262 |
ISSN: | 1573-9678 0197-4254 |
DOI: | 10.1007/s11293-020-09673-3 |
Popis: | This paper analyzes the extent to which the filming of the popular television show Game of Thrones affected tourism in the Croatian city of Dubrovnik. Using monthly data and applying difference-in-differences, we show that the impact of airing Game of Thrones episodes filmed in Dubrovnik corresponded to approximately 5, 000 additional tourism overnights per month, or approximately 59, 000 per year. We extend existing results to show that the additional overnights mainly occur during the tourism off- season when transportation and lodging prices are ostensibly lower, consistent with anecdotal evidence. Results obtained provide another example that the filming of a television show can increase the attractiveness of an already well-established and globally-known destination. The results are especially useful for tourism industries in countries with highly seasonal tourism activities, like Croatia, that usually depend on beneficial climatic conditions, which are highly unpredictable and volatile. Filming of popular television shows and increased tourism may provide an additional revenue for local economies and help smooth seasonal and yearly volatility of local income. |
Databáze: | OpenAIRE |
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