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Journal Article
Exploring new tourism territory
The Lewis & Clark bicentennial was expected to bring new tourism, but results have been mixed.
Discussion Paper
Does a Data Quirk Inflate China’s Travel Services Deficit?
Chinese residents are increasingly traveling to see the rest of the world, logging a total of 162 million foreign visits in 2018, up from 57 million in 2010. Increased travel spending by Chinese residents is acting to reduce the country's trade surplus because such spending is counted as a services import. However, there appears to be a quirk in the Chinese data that results in a significant understatement of the offsetting spending by visitors to China (a services export). According to other Chinese data, this understatement totaled $85 billion in 2018. If so, China's deficit in travel ...
Journal Article
Where have all the tourists gone?
Leisure travel has been hit hard in many parts of the district. Tourism businesses and promoters have been forced to adapt.
Journal Article
Tourism and New York City's economy
In New York City, tourism has made impressive gains in recent years, particularly in the foreign visitor segment. While not large enough to propel the city's economy, this long-term growth industry is critical to maintaining the local export base and providing jobs to low-skilled workers.
Journal Article
The year of the minivan
After 9/11, tourism took a turn toward safe, family options, which are a perfect fit for the district.
Journal Article
Florida's international visitors: profiling a warm welcome
Working Paper
Exchange Rate Elasticities of International Tourism and the Role of Dominant Currency Pricing
In this paper, we estimate exchange rate elasticities of international tourism. Both the bilateral exchange rate and the U.S. dollar exchange rate relative to tourism origin countries are important drivers of tourism flows. The U.S. dollar exchange rate is more important for tourism destination countries with higher U.S. dollar borrowing, pointing toward a complementarity between U.S. dollar pricing and financing. Country-specific dominant currencies (CSDCs) play only a minor role on average but are important for tourism-dependent countries and those with a high concentration of foreign ...
Journal Article
Exchange rates and competition for tourists
Journal Article
District tourism focuses on new attractions
Journal Article
Lewis and Clark: the adventure begins, again