Twitter's capacity to forecast tourism demand: the case of way of Saint James

IF 4.2 Q2 BUSINESS
Adrián Mendieta-Aragón, Julio Navío-Marco, Teresa Garín-Muñoz
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引用次数: 0

Abstract

PurposeRadical changes in consumer habits induced by the coronavirus disease (COVID-19) pandemic suggest that the usual demand forecasting techniques based on historical series are questionable. This is particularly true for hospitality demand, which has been dramatically affected by the pandemic. Accordingly, we investigate the suitability of tourists’ activity on Twitter as a predictor of hospitality demand in the Way of Saint James – an important pilgrimage tourism destination.Design/methodology/approachThis study compares the predictive performance of the seasonal autoregressive integrated moving average (SARIMA) time-series model with that of the SARIMA with an exogenous variables (SARIMAX) model to forecast hotel tourism demand. For this, 110,456 tweets posted on Twitter between January 2018 and September 2022 are used as exogenous variables.FindingsThe results confirm that the predictions of traditional time-series models for tourist demand can be significantly improved by including tourist activity on Twitter. Twitter data could be an effective tool for improving the forecasting accuracy of tourism demand in real-time, which has relevant implications for tourism management. This study also provides a better understanding of tourists’ digital footprints in pilgrimage tourism.Originality/valueThis study contributes to the scarce literature on the digitalisation of pilgrimage tourism and forecasting hotel demand using a new methodological framework based on Twitter user-generated content. This can enable hospitality industry practitioners to convert social media data into relevant information for hospitality management.
推特预测旅游需求的能力:圣詹姆斯之路的案例
目的 冠状病毒病(COVID-19)大流行引起的消费者习惯的急剧变化表明,基于历史序列的常规需求预测技术是有问题的。这一点对于受到大流行病严重影响的酒店业需求来说尤其如此。因此,我们研究了游客在推特上的活动是否适合作为圣雅各福群会--一个重要的朝圣旅游目的地--的酒店需求预测指标。 本研究比较了季节性自回归综合移动平均(SARIMA)时间序列模型和带有外生变量的 SARIMA(SARIMAX)模型的预测性能,以预测酒店旅游需求。结果结果证实,如果将推特上的游客活动纳入其中,传统时间序列模型对游客需求的预测结果将得到显著改善。推特数据可以成为提高旅游需求实时预测准确性的有效工具,这对旅游管理具有重要意义。本研究还有助于更好地了解朝圣旅游中游客的数字足迹。这可以帮助酒店业从业人员将社交媒体数据转化为酒店管理的相关信息。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
6.90
自引率
0.00%
发文量
21
审稿时长
24 weeks
期刊介绍: European Journal of Management and Business Economics is interested in the publication and diffusion of articles of rigorous theoretical, methodological or empirical research associated with the areas of business economics, including strategy, finance, management, marketing, organisation, human resources, operations, and corporate governance, and tourism. The journal aims to attract original knowledge based on academic rigour and of relevance for academics, researchers, professionals, and/or public decision-makers.
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