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Visitor arrivals forecasts amid COVID-19: A perspective from the Africa team

COVID-19 disrupted international tourism worldwide, subsequently presenting forecasters with a challenging conundrum. In this competition, we predict international arrivals for 20 destinations in two phases: (i) Ex post forecasts pre-COVID; (ii) Ex ante forecasts during and after the pandemic up to...

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Autores principales: Kourentzes, Nikolaos, Saayman, Andrea, Jean-Pierre, Philippe, Provenzano, Davide, Sahli, Mondher, Seetaram, Neelu, Volo, Serena
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Ltd. 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9754959/
https://www.ncbi.nlm.nih.gov/pubmed/36540371
http://dx.doi.org/10.1016/j.annals.2021.103197
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author Kourentzes, Nikolaos
Saayman, Andrea
Jean-Pierre, Philippe
Provenzano, Davide
Sahli, Mondher
Seetaram, Neelu
Volo, Serena
author_facet Kourentzes, Nikolaos
Saayman, Andrea
Jean-Pierre, Philippe
Provenzano, Davide
Sahli, Mondher
Seetaram, Neelu
Volo, Serena
author_sort Kourentzes, Nikolaos
collection PubMed
description COVID-19 disrupted international tourism worldwide, subsequently presenting forecasters with a challenging conundrum. In this competition, we predict international arrivals for 20 destinations in two phases: (i) Ex post forecasts pre-COVID; (ii) Ex ante forecasts during and after the pandemic up to end 2021. Our results show that univariate combined with cross-sectional hierarchical forecasting techniques (THieF-ETS) outperform multivariate models pre-COVID. Scenarios were developed based on judgemental adjustment of the THieF-ETS baseline forecasts. Analysts provided a regional view on the most likely path to normal, based on country-specific regulations, macroeconomic conditions, seasonal factors and vaccine development. Results show an average recovery of 58% compared to 2019 tourist arrivals in the 20 destinations under the medium scenario; severe, it is 34% and mild, 80%.
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spelling pubmed-97549592022-12-16 Visitor arrivals forecasts amid COVID-19: A perspective from the Africa team Kourentzes, Nikolaos Saayman, Andrea Jean-Pierre, Philippe Provenzano, Davide Sahli, Mondher Seetaram, Neelu Volo, Serena Ann Tour Res Article COVID-19 disrupted international tourism worldwide, subsequently presenting forecasters with a challenging conundrum. In this competition, we predict international arrivals for 20 destinations in two phases: (i) Ex post forecasts pre-COVID; (ii) Ex ante forecasts during and after the pandemic up to end 2021. Our results show that univariate combined with cross-sectional hierarchical forecasting techniques (THieF-ETS) outperform multivariate models pre-COVID. Scenarios were developed based on judgemental adjustment of the THieF-ETS baseline forecasts. Analysts provided a regional view on the most likely path to normal, based on country-specific regulations, macroeconomic conditions, seasonal factors and vaccine development. Results show an average recovery of 58% compared to 2019 tourist arrivals in the 20 destinations under the medium scenario; severe, it is 34% and mild, 80%. Elsevier Ltd. 2021-05 2021-03-20 /pmc/articles/PMC9754959/ /pubmed/36540371 http://dx.doi.org/10.1016/j.annals.2021.103197 Text en © 2021 Elsevier Ltd. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Kourentzes, Nikolaos
Saayman, Andrea
Jean-Pierre, Philippe
Provenzano, Davide
Sahli, Mondher
Seetaram, Neelu
Volo, Serena
Visitor arrivals forecasts amid COVID-19: A perspective from the Africa team
title Visitor arrivals forecasts amid COVID-19: A perspective from the Africa team
title_full Visitor arrivals forecasts amid COVID-19: A perspective from the Africa team
title_fullStr Visitor arrivals forecasts amid COVID-19: A perspective from the Africa team
title_full_unstemmed Visitor arrivals forecasts amid COVID-19: A perspective from the Africa team
title_short Visitor arrivals forecasts amid COVID-19: A perspective from the Africa team
title_sort visitor arrivals forecasts amid covid-19: a perspective from the africa team
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9754959/
https://www.ncbi.nlm.nih.gov/pubmed/36540371
http://dx.doi.org/10.1016/j.annals.2021.103197
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