12-28

Research papers

• Claveria, Oscar
• Datzira, Jordi

There is a lack of studies on tourism demand in Catalonia. To fill the gap, thispaper focuses on detecting the macroeconomic factors that determine tourismdemand in Catalonia. We also analyse the relation between these factors andtourism demand. Despite the strong seasonal component and the outliers in thetime series of some countries, overnight stays give a better indication of tourismdemand in Catalonia than the number of tourists. The degree of linear associationbetween the macroeconomic variables and tourism demand is also higher whenusing quarterly rather than monthly data. Finally, there are notable differencesbetween the results obtained for the different countries analysed. These resultsindicate that the best way to model tourism demand in Catalonia is to specify aquarterly model of overnight stays, differentiating between an aggregate demandmodel for the total number of tourists and specific models for each of thecountries analysed.

• Economics and Business

• Τουρισμός

tourism demand in Catalonia, external economic factors, expectations, descriptive analysis

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