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https://doi.org/10.20867/thm.30.3.7
Tourism persistence in Asean countries: The impact of Covid-19
Amir Imeri
; Assistant Professor, UBT – Higher Education Institution, Faculty of Management, Business and Economics, Pristina, Kosovo
*
Luis Alberiko Gil-Alana
; Professor University of Navarra, Department of Economics, Pamplona, Spain and Universidad Francisco de Vitoria, Madrid, Spain
* Corresponding author.
Abstract
Purpose – This study deals with the COVID-19’s effects on the travel sector in ASEAN
countries and applies fractional integration methods.
Methodology/Design/Approach – The persistence and seasonality of foreign tourist visitors in
ASEAN members is investigated using monthly data at different time periods.
Findings – The results demonstrate that the series’ nature has undergone significant changes
as a result of the present epidemic, moving from mean reversion in the period before Covid,
to its absence once the data of the pandemic are incorporated in the series. In fact, using
the whole dataset, the hypothesis of a unit root cannot be rejected and seasonality becomes
almost irrelevant in all series examined. On this basis, the results suggest for more active
involvement of certain governments in recovering the tourism industry with the intention of
reaching the original trend.
Originality of the research – To our knowledge ne previous study was conducted to analyze
the COVID-19’s effects on the travel sector in ASEAN countries through fractional integration
methods.
Keywords
ASEAN; Covid-19; Fractional Integration; Persistence; Shocks; Tourism
Hrčak ID:
320744
URI
Publication date:
17.9.2024.
Visits: 0 *