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Asian Pacific has become a rapidly growing tourism region and turn into the second best performing region in the world since 2001. Over the last decade, the average annual growth rate of international tourist visit Asia and the Pacific had reached 7.1% between 2000 and 2005. However, the decision of where to go for international tourists would be influenced by the exchange rate between mother country and the destination. The more information on traveling expenses among different destinations were gathered and analyzed, the more price-sensitivity travelers will shift their choice from the high exchange rate to the lower one. Thus, the exchange rate regime is essential to international tourism and even could be treated as a promoting policy to tourism.The main purpose of this paper is to exam the Copula-based measures of dependence structure between international tourism demand and exchange rates in Asian countries based on the monthly data. According to empirical results, the negative relationship between international tourists and exchange rate is presented. The impact of the currency appreciation on tourism demand is more greatly than the currency depreciation. Therefore, this delivers important information that there are opportunities for tourism operators to focus their marketing efforts in trying and offsetting potential for reduced demands.

(Proceedings of Third 2008 International Conference on Convergence and Hybrid Information Technology, p1188-p1193)Tourism Demand and Exchange Rates in Asian Countries: New Evidence from Copulas Approach

It has been a major source of contention among economics scholars, that tourism is a major driver of socio-economic development in the world and serves as a major source of revenue across countries. Hence, this paper examines the effects of exchange rate fluctuation on tourism sector output in Nigeria for the period of 1995 to 2015, using the Vector Error Correction Model (VECM), granger causality test and co-integration approach to ascertain this relationship. Results revealed that exchange rate fluctuation indeed has a significantly negative effect on tourism sector output in Nigeria, and that an increased fluctuation reduces the contribution of the tourism sector to GDP. The granger Causality test result showed that there is a unidirectional causality and long run relationship between contribution of tourism sector to GDP and the contribution of the Tourism sector to employment, real effective exchange rate, and the international number of tourist arrival. Among various recommendations in the study is for the government of Nigeria to review existing economic policies that affect the exchange rate fluctuation, as these some of this policies may be responsible for the consistent increase in exchange rate fluctuation , as these could substantially reduce the number of tourist arrival and tourism sector output.

/pdf/exchange-rate-fluctuation-and-tourism-sector-output-in-wa86i2uz7o.pdf

Exchange Rate Fluctuation and Tourism Sector Output in Nigeria

x CHAPTER 1 RESEARCH OVERVIEW 1.0 Introduction 1 1.1 Background of Study 2 – 3 1.1.1 Tourist Arrival from China to the United States 4 – 5 (Dependent Variable) 1.1.2 Exchange Rate (independent variable) 5 – 7 1.1.3 Income (independent variable) 7 – 9 1.1.4 Terrorism (independent variable) 9 – 11 1.1.5 Natural Disasters (independent variable) 11 – 13 1.2 Problem Statement 13 – 16 1.3 Objective of the Study 17 1.4 Research Question of the Study 17 1.5 Significance of the Study 17 – 18 1.6 Chapter Layout 18 – 19

A Study of The Factors Affecting The China Tourist Arrival in the United States

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A Study of The Factors Affecting The China Tourist Arrival in the United States