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The impact of terrorism on European tourism

Corbet, Shaen ORCID: 0000-0001-7430-7417, O'Connell, John F., Efthymiou, Marina ORCID: 0000-0001-8611-5973, Guiomard, Cathal and Lucey, Brian ORCID: 0000-0002-4052-8235 (2018) The impact of terrorism on European tourism. Annals of Tourism Research, 75 . pp. 1-17. ISSN 0160-7383

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Abstract

This paper estimates the influence of terrorist attacks on European tourism through the short-term post-hoc response of the airline industry and passengers. We use a seasonally-adjusted ARMAGARCH methodology on unique datasets that examine changes in tourism as measured by ASKs, seats filled and changes in both fares and revenues. Traffic flows are found to fall despite significant fare reductions; however, this response varies substantially based on the flight origin and tickettype purchased. We found that business travel slows substantially due to duty of care legislation for corporate transport. While we found evidence indicating substantial airline fare reductions, in the majority of investigated cases this response was unable to mitigate substantial reductions in passenger demand and flows across varying ticket types.

Item Type:Article (Published)
Refereed:Yes
Subjects:UNSPECIFIED
DCU Faculties and Centres:DCU Faculties and Schools > DCU Business School
Publisher:Elsevier
Official URL:http://dx.doi.org/10.1016/j.annals.2018.12.012
Copyright Information:© 2018 Elsevier. CC BY-NC-ND
ID Code:25055
Deposited On:01 Oct 2020 11:51 by Thomas Murtagh . Last Modified 27 May 2021 12:54

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