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Appears in Collections:Accounting and Finance Journal Articles
Peer Review Status: Refereed
Title: Sentiment, Mood and Outbound Tourism Demand
Author(s): Dragouni, Mina
Filis, George
Gavriilidis, Konstantinos
Santamaria, Daniel
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Keywords: Sentiment
spillover effects
economic crisis
economic policy uncertainty
Issue Date: Sep-2016
Date Deposited: 26-Jun-2016
Citation: Dragouni M, Filis G, Gavriilidis K & Santamaria D (2016) Sentiment, Mood and Outbound Tourism Demand. Annals of Tourism Research, 60, pp. 80-96.
Abstract: We investigate spillover effects from sentiment and mood shocks on US outbound tourism demand from 1996 until 2013. We use the Index of Consumer Sentiment and Economic Policy Uncertainty Index as proxies for sentiment and the S&P500 as a proxy for mood. We find a moderate to high interrelationship among sentiment, mood and outbound tourism demand. More importantly, sentiment and mood indicators are net transmitters of spillover shocks to outbound tourism demand. The magnitude of spillover effects sourced by sentiment and mood is time-varying and depends on certain socio-economic and environmental events. Our results have important implications for policymakers and travel agents in their efforts to predict tourism arrivals from key origin countries and to plan their tourism strategy.
DOI Link: 10.1016/j.annals.2016.06.004
Rights: This item has been embargoed for a period. During the embargo please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study. Accepted refereed manuscript of: Dragouni M, Filis G, Gavriilidis K & Santamaria D (2016) Sentiment, Mood and Outbound Tourism Demand, Annals of Tourism Research, 60, pp. 80-96. DOI: 10.1016/j.annals.2016.06.004 © 2016, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International
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