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| Author: | Falk, M. |
| Title: | A dynamic panel data analysis of snow depth and winter tourism |
| Journal: | Tourism Management
2010 : DEC, VOL. 31:6, p. 912-924 |
| Index terms: | Austria tourism panel data models |
| Freeterms: | overnight stays snow cover |
| Language: | eng |
| Abstract: | This paper examines the relationship btw. the number of overnight stays (henceforth as: o-n-stays) and different measures of snow depth (as: s-d.) based on panel data covering 28 Austrian ski resorts for the period from 1986/87 to 2005/06. Using the dynamic heterogeneous panel data technique of Pesaran, Shin, and Smith (1999), there is found a long-run relationship btw. the number of o-n-stays, amount of s-d., weighted real GDP per capita of the major countries of visitor origin, and price index of accommodation services. The long-run elasticity (herein as: l-r-e.) of o-n-stays as to s-d. was 0.10. However, for high-elevation resorts the evolution of the number of o-n-stays was independent of variations in s-d. In addition, the l-r-e. of the number of o-n-stays with respect to weighted real GDP per capita of the country's visitors was much greater for high-elevation resorts than for low-elevation resorts. Finally, early Easter holidays were significantly and positively related to winter tourism demand. |
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