The COVID-19 pandemic and domestic travel subsidies
| Autor: | Hisamitsu Saito, Toshiyuki Matsuura |
|---|---|
| Rok vydání: | 2022 |
| Předmět: |
Gravity model
Coronavirus disease 2019 (COVID-19) Cost effectiveness business.industry Severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) COVID-19 Subsidy Development Article Tourism demand Gravity model of trade Tourism Leisure and Hospitality Management Development economics Pandemic Cost-effectiveness Travel subsidy business human activities Accommodation Tourism |
| Zdroj: | Annals of Tourism Research |
| ISSN: | 0160-7383 |
| Popis: | The spread of the coronavirus disease 2019 (COVID-19) has significantly reduced tourism demands worldwide. Employing weekly data on tourist flows between Japanese prefectures, we examine the cost-effectiveness of domestic travel subsidies. Our results provide two implications for the literature. First, we identify the underlying mechanism of tourist flows during the pandemic. In contrast to infectious diseases that have only local effects, the COVID-19 pandemic has decreased tourism demand not only to, but also from, severely affected regions, deteriorating tourism businesses even in areas not severely affected by the disease. Second, we confirm the effectiveness of a price-discount strategy in mitigating economic damage to the accommodation sector caused by the pandemic. (c) 2021 The Authors. Published by Elsevier Ltd. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/). |
| Databáze: | OpenAIRE |
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