IDEAS home Printed from https://ideas.repec.org/a/sae/toueco/v26y2020i5p809-829.html
   My bibliography  Save this article

The determinants of the hotel sector revenues: The case of French Polynesia

Author

Listed:
  • Gil Montant

    (Université de la Polynésie Française, Polynésie française)

Abstract

This article is an empirical analysis focused on the hotel sector in French Polynesia in 2007–2017. One assesses the impact of a set of variables on the French Polynesian hotel sector monthly revenues through a gravity model. First, one specifies a basic model that embeds several potential explanatory variables (the exchange rate (both nominal and real), the rate of unemployment, the geographical distance, some specific historical events, etc.). Next, a second model is specified so as to assess the impact of hotel capacities measured by the number of bedrooms offered. Estimates rest on an unbalanced monthly panel database that embeds main countries from where tourists present in French Polynesia are originated. In order to compare results, each specification is estimated by two methods: classical panel regression (Ordinary least squares /Generalized least squares) and pseudo Poisson maximum likelihood. Both methods lead to coherent results.

Suggested Citation

  • Gil Montant, 2020. "The determinants of the hotel sector revenues: The case of French Polynesia," Tourism Economics, , vol. 26(5), pages 809-829, August.
    • Handle: RePEc:sae:toueco:v:26:y:2020:i:5:p:809-829
    DOI: 10.1177/1354816619863253
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/1354816619863253
    Download Restriction: no
    File URL: https://libkey.io/10.1177/1354816619863253?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Florent DEISTING & Serge REY, 2015. "Determinants Of Tourism In French Overseas Departments And Collectivities," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 42, pages 215-230.
    2. Paresh Kumar Narayan & Seema Narayan & Arti Prasad & Biman Chand Prasad, 2010. "Tourism and Economic Growth: A Panel Data Analysis for Pacific Island Countries," Tourism Economics, , vol. 16(1), pages 169-183, March.
    3. Alan Winters, L. & Martins, Pedro M. G., 2004. "When comparative advantage is not enough: business costs in small remote economies," World Trade Review, Cambridge University Press, vol. 3(3), pages 347-383, November.
    4. Yang, Zhenshan & Cai, Jianming, 2016. "Do regional factors matter? Determinants of hotel industry performance in China," Tourism Management, Elsevier, vol. 52(C), pages 242-253.
    5. Florent DEISTING & Serge REY, 2015. "Determinants Of Tourism In French Overseas Departments And Collectivities," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 42, pages 215-230.
    6. Stefano Bresciani & Alkis Thrassou & Demetris Vrontis, 2015. "Determinants of performance in the hotel industry - an empirical analysis of Italy," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 17(1), pages 19-34.
    7. J. M. C. Santos Silva & Silvana Tenreyro, 2006. "The Log of Gravity," The Review of Economics and Statistics, MIT Press, vol. 88(4), pages 641-658, November.
    8. Auboin, Marc & Ruta, Michel, 2011. "The relationship between exchange rates and International Trade: A review of economic literature," WTO Staff Working Papers ERSD-2011-17, World Trade Organization (WTO), Economic Research and Statistics Division.
    9. Yair Eilat & Liran Einav, 2004. "Determinants of international tourism: a three-dimensional panel data analysis," Applied Economics, Taylor & Francis Journals, vol. 36(12), pages 1315-1327.
    10. A. Özlem Önder & Aykan Candemir & Neşe Kumral, 2009. "An Empirical Analysis of the Determinants of International Tourism Demand: The Case of Izmir," European Planning Studies, Taylor & Francis Journals, vol. 17(10), pages 1525-1533, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jaume Rosselló Nadal & María Santana Gallego, 2022. "Gravity models for tourism demand modeling: Empirical review and outlook," Journal of Economic Surveys, Wiley Blackwell, vol. 36(5), pages 1358-1409, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tekleselassie, Tsegay Gebrekidan, 2016. "Three essays on the impact of institutions and policies on socio-economic outcomes," Economics PhD Theses 1316, Department of Economics, University of Sussex Business School.
    2. Inmaculada Martínez-Zarzoso, 2019. "The Euro and the CFA Franc: Evidence of Sectoral Trade Effects," Open Economies Review, Springer, vol. 30(3), pages 483-504, July.
    3. Wenwen Zhang & Yi-Bin Chiu, 2020. "Globalization, Country Risks, and Trade in Tourism Services: Evidence from China," Sustainability, MDPI, vol. 12(14), pages 1-26, July.
    4. M. Bruna Zolin & Utai Uprasen, 2018. "Trade creation and diversion: effects of EU enlargement on agricultural and food products and selected Asian countries," Asia Europe Journal, Springer, vol. 16(4), pages 351-373, December.
    5. Andrea Saayman & Paolo Figini & Silvio Cassella, 2016. "The influence of formal trade agreements and informal economic cooperation on international tourism flows," Tourism Economics, , vol. 22(6), pages 1274-1300, December.
    6. Roberto Patuelli & Maurizio Mussoni & Guido Candela, 2016. "The Effects of World Heritage Sites on Domestic Tourism: A Spatial Interaction Model for Italy," Advances in Spatial Science, in: Roberto Patuelli & Giuseppe Arbia (ed.), Spatial Econometric Interaction Modelling, chapter 0, pages 281-315, Springer.
    7. Andrés Artal-Tur & Vicente J. Pallardó-López & Francisco Requena-Silvente, 2016. "Examining the impact of visa restrictions on international tourist flows using panel data," Estudios de Economia, University of Chile, Department of Economics, vol. 43(2 Year 20), pages 265-279, December.
    8. Wamboye, Evelyn F. & Nyaronga, Peter John & Sergi, Bruno S., 2020. "What are the determinant of international tourism in Tanzania?," World Development Perspectives, Elsevier, vol. 17(C).
    9. Gianluca Cafiso & Roberto Cellini & Tiziana Cuccia, 2015. "Do Economic Crises Lead Tourists to Closer Destinations? An Analysis of Italy's Regional Data," CESifo Working Paper Series 5250, CESifo.
    10. Neelu Seetaram & Sylvain Petit, 2012. "Panel data analysis in Tourism Research," Post-Print hal-01831529, HAL.
    11. Akhil Sharma & Tarun Vashishat & Abdul Rishad, 2019. "The consequences of exchange rate trends on international tourism demand: evidence from India," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 21(2), pages 270-287, December.
    12. Vincent Dropsy & Christian Montet & Bernard Poirine, 2020. "Tourism, insularity, and remoteness: A gravity-based approach," Tourism Economics, , vol. 26(5), pages 792-808, August.
    13. Lin, Yi-Chen & Deng, Wen-Shuenn, 2018. "Are per capita international tourist arrivals converging?," International Review of Economics & Finance, Elsevier, vol. 57(C), pages 274-290.
    14. Marco Colagrossi & Claudio Deiana & Andrea Geraci & Ludovica Giua, 2022. "Hang up on stereotypes: Domestic violence and an anti‐abuse helpline campaign," Contemporary Economic Policy, Western Economic Association International, vol. 40(4), pages 585-611, October.
    15. Johannes Buggle & Thierry Mayer & Seyhun Orcan Sakalli & Mathias Thoenig, 2023. "The Refugee’s Dilemma: Evidence from Jewish Migration out of Nazi Germany," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 138(2), pages 1273-1345.
    16. Anthony Briant & Pierre-Philippe Combes & Miren Lafourcade, 2014. "Product Complexity, Quality of Institutions and the Protrade Effect of Immigrants," The World Economy, Wiley Blackwell, vol. 37(1), pages 63-85, January.
    17. Jules Hugot & Camilo Umana Dajud, 2016. "Trade costs and the Suez and Panama Canals," Working Papers 2016-29, CEPII research center.
    18. Akhtaruzzaman, Muhammad & Berg, Nathan & Lien, Donald, 2017. "Confucius Institutes and FDI flows from China to Africa," China Economic Review, Elsevier, vol. 44(C), pages 241-252.
    19. Doukoure Charle Fe, 2021. "Trade flows between the West African Economic and Monetary Union's members so little: does exports structure matter ?," Economics Bulletin, AccessEcon, vol. 41(2), pages 816-833.
    20. Mikel Bedayo & Gabriel Jiménez & José-Luis Peydró & Raquel Vegas, 2020. "Screening and Loan Origination Time: Lending Standards, Loan Defaults and Bank Failures," Working Papers 1215, Barcelona School of Economics.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:toueco:v:26:y:2020:i:5:p:809-829. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.