Redirigiendo al acceso original de articulo en 15 segundos...

The Response of Hotel Room Occupancy Rate in Fiji to Shocks: Empirical Evidence from Unit Root Tests with Endogenous Multiple Structural Breaks

Janesh Sami    


Despite the political coup in December 2006 and Global Financial Crisis (GFC) in 2008, the tourism industry in Fiji has proven to be quite resilient. This article examines the response of hotel room occupancy rate in the tourism industry to domestic and external shocks using annual time series data from 1969 to 2019. We employ a suite of unit root tests accommodating for single and multiple endogenous structural breaks, and find that occupancy rate is a stationary process. The break dates coincide with the political coup in 1987 and Global Financial Crisis in 2007/2008. The results suggest that shocks are likely to have a temporary impact on the room occupancy rate in Fiji?s tourism industry and the series will return to its trend path following an adverse shock.Keywords: Fiji, Hotel Room Occupancy Rate, Structural Breaks, Tourism, Unit RootJEL Classifications: C22, C29, Z30DOI:

 Artículos similares

Hertiana Ikasari, Ida Farida     Pág. 169 - 179
This study aims to analyze competitiveness level of tourism industry in Semarang Municipality. The data used in this research are secondary data from Central Bureau of Statistics (CBS/BPS) and Culture and Tourism Office of Semarang Municipality. Moreover... ver más

Elvira da Costa Ribeiro,Bing Wang     Pág. 180 - 185
The importance of the tourism sector as an economic activity has increased the interest of researchers trying to understand the impact of tourism on economic growth. Therefore, the purpose of the present quantitative research is to analyze the relationsh... ver más

Abdur Rauf,Hafiz Muhammad Abubakar Siddique,Qasim Saleem,Sidra Sidra     Pág. 387 - 393
The association among terrorism and tourism is crucial from the macroeconomic perspective as tourism is considered as a vital sector regarding developmental impacts. This analysis conducted to extract the influence of terrorism on tourism in Pakistan, ex... ver más

Gülsah Gençer Çelik     Pág. 158 - 165
This paper examines the volatility of the tourism sector in Borsa Istanbul in Turkey, paying special attention to the role of exchange rate exposure in the process. The GARCH, BJR (TARCH) and EGARCH models are employed to estimate the volatility in the s... ver más

Delson Chikobvu,Tendai Makoni    
AbstractOrientation: Modelling of international tourist arrivals? volatility is vital for marketing, planning, policy formulation and investment purposes among others. Symmetric and asymmetric tourism volatility models for years 2000?2017 were fitte... ver más