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The impact of terrorism on European tourism

Corbet, Shaen, O’Connell, John F., Efthymiou, Marina, Guiomard, Cathal and Lucey, Brian (2019) The impact of terrorism on European tourism Annals of Tourism Research, 75. pp. 1-17.

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The_Impact_of_Terrorism_on_European_Airline_Tourism_Flows.pdf - Accepted version Manuscript
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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 ARMA-GARCH 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 ticket-type 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
Divisions : Faculty of Arts and Social Sciences > School of Hospitality and Tourism Management
Authors :
O’Connell, John F.
Efthymiou, Marina
Guiomard, Cathal
Lucey, Brian
Date : March 2019
DOI : 10.1016/j.annals.2018.12.012
Copyright Disclaimer : © 2019. This manuscript version is made available under the CC-BY-NC-ND 4.0 license
Uncontrolled Keywords : Terrorism; European aviation industry; Tourism flows; ARMA-GARCH
Depositing User : Clive Harris
Date Deposited : 20 May 2019 07:54
Last Modified : 30 May 2019 12:15

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