Forecasting Regional Investment in the Hotel Industry: An Input-Output Approach
| dc.creator | Freeman, Daniel | |
| dc.creator | Felsenstein, Daniel | |
| dc.date | 2017-04-01T17:49:54Z | |
| dc.date.accessioned | 2026-07-09T06:29:10Z | |
| dc.description | The tourism industry is characterized by severe shifts in demand that play havoc with forecasting future investment. Within the tourism industry, the need for large-scale initial capital investment in the hotel sector, make the latter particularly vulnerable to the vagaries of the tourism market. Given an up-turn in demand, the hotel industry cannot always re-spond immediately and its' response is likely to vary across regions. There is therefore a need for a forecasting tool that can estimate the magnitude of the demand 'push' that can stimulate the hotel sector into new investment and the extent to which this response is re-gionally differentiated. Using a multi-regional input output (MRIO) augmented by an in-vestment matrix, this paper demonstrates the capabilities of such an approach. Regional ho-tel industry outputs for four classes of hotels in the six regions of Israel are estimated. Ex-pected regional rates of return to hotel investment are compared with actual (reported) rates of return and the discrepancy between the two explained. Regional hotel (per room) capaci-ty coefficients are also estimated and regional responses to an increase in demand of 100,000 extra tourists are calculated in terms of additional hotel rooms and capital investment. | |
| dc.identifier | doi:10.22004/ag.econ.132995 | |
| dc.identifier | https://ageconsearch.umn.edu/record/132995/files/07-3-7.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/132995 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/577125 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/132995 | |
| dc.title | Forecasting Regional Investment in the Hotel Industry: An Input-Output Approach | |
| dc.type | Text |