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Journal Article
Taking the plunge
Water parks are springing up throughout the district, but how much buoyancy does this tourism niche have?
Journal Article
The travel market in the United States and the Third District
How much economic activity does travel generate? How many jobs does the travel industry create? And how do the Third District states?Pennsylvania, New Jersey, and Delaware?stack up in terms of travel-related spending? Tim Schiller takes a look at these questions and discusses the importance of travel and tourism to the local and national economy
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
Lewis and Clark: the adventure begins, again
Vacation Plans and the COVID-19 Pandemic
The COVID-19 pandemic has disrupted many parts of the economy, including travel. This is what might be ahead for tourism.
Journal Article
Montgomery drives ahead with autos
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
Unconventional wisdom
District convention centers reported surprisingly steady activity during the recession, but a building boom and stiff competition could eventually take a toll.
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 ...