Nuus / News special report Reply

Yesterday the TREES (Tourism Research in Economics, Environs and Society) reseach area hosted a forecasting workshop in Potchefstroom. The workshop featured invited presentations from top researchers in the field of tourism demand forecasting.

The analysis showed that forecasting is not only important for policy and planning purposes, but the analysis makes it possible to have a closer look at price and income elasticities. Price elasticities indicate how sensitive tourists are to price changes and have implications for the competitiveness of destinations. Income elasticities indicate how tourism demand changes when incomes change. This differs depending on the business cycle and there was some evidence of people “vacationing with the Joneses”.

See the full programme and photo slideshow below…

The full programme included the following speakers and papers:

Combining the statistical and judgmental tourism demand forecasts

Prof. Haiyan Song – Hong Kong Polytechnic University, Hong Kong

 

Automatic forecasting with exponential smoothing and ARIMA models

Prof. George Athanasopoulos – Monash University, Australia

 

AIDS models for tourism demand modelling and forecasting

Dr. Gang Li – Surrey University, UK

 

The business cycle, varying tourist behaviour and forecasting performance

Prof. Egon Smeral – Austrian Institute of Economic Research, Vienna

 

Tourism Forecasting in South Africa – some perspectives

Prof. Andrea Saayman – North-West University, South Africa

 

Practical Tourism Forecasting: the Example of Asia Pacific

Prof. Stephen Witt – Emeritus professor, Surrey University, UK

 

Using the fpp package in R for forecasting tourism flows

Prof. George Athanasopoulos – Monash University, Australia

 

We also took some good pictures for the album:

This slideshow requires JavaScript.

 

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