Socio-economic development of tourist destinations: A cross-country analysis

Autor: Olena Stryzhak, L'uboš Cibák, Mykola Sidak, Volodymyr Yermachenko
Jazyk: angličtina
Rok vydání: 2024
Předmět:
Zdroj: Journal of Eastern European and Central Asian Research, Vol 11, Iss 1 (2024)
Druh dokumentu: article
ISSN: 2328-8272
2328-8280
DOI: 10.15549/jeecar.v11i1.1442
Popis: The study aims to investigate the characteristics of socio-economic development in the context of countries’ tourism advancement. The paper analyzes the Travel & Tourism Development Index (TTDI) and the Happiness Rating (HR). The sample covers data from 102 countries for the year 2021. The analysis showed that there are differences in the relationships between TTDI and HR, as well as their sub-indices, among groups of countries distributed according to income level. The research methodology includes the use of such methods as correlation analysis to determine the relationships between indicators like factor analysis to identify the degree of indicators' influence on the sample and a graphical method to visualise the analysis results. The study uses the World Bank approach to classify countries into income groups. The study confirms that a country's welfare level is one factor that determines patterns in various areas, including tourism.
Databáze: Directory of Open Access Journals