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The study examines how progress towards a circular economy (CE), patents related to recycling and secondary raw materials as a proxy for innovation, affect tourism receipts. The study uses Autoregressive Distributed Lag (ARDL) and Error Correction Method (ECM) to analyse time series data from EU countries from 2000 to 2020. Our estimates show that there exist long-run and short-run equilibrium relationships. In sum, evidence shows that promoting circular innovative practices, including recycling and using secondary raw materials in tourist destinations, could improve environmental quality and positively impact tourism receipts. The study concludes with policy and practical suggestions for circular economy innovation towards green tourism, destination management, and sustainable tourism., Competing Interests: The authors have declared that no competing interests exist., (Copyright: © 2023 Erdiaw-Kwasie et al. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.)

This paper investigates the impact of pandemic-induced uncertainty on the changes in the level and volatility of tourism demand. We estimate a structural VAR model using U.S. monthly data from January 2000 to December 2021 and find that pandemic-induced uncertainty shock has a negative and significant impact on inbound tourism. Our results reveal that, in the long run, a one-standard-deviation shock in the index of uncertainty induced by global pandemic shock explains about 50 per cent of the variations in the demand for tourism. Our findings on the predictive power of pandemic-induced uncertainty on tourism demand has important policy implications for tourism and hospitality management. [ABSTRACT FROM AUTHOR]

The COVID-19 pandemic has inflicted significant damage to the world economy, and the tourism and leisure industry is no exception. This article investigates the effect of COVID-19 pandemic, vaccine rollouts, and government policy responses on Australia's tourism and leisure industry. To do so, we use data on stock market performances of the travel and leisure industry as key indicators. Our findings show that while vaccine rollouts help for a partial recovery of the travel and leisure industry, full and speedy recovery remains a challenge under stringent policies related to COVID-19 safety, suggesting the enormous magnitude of the task ahead in terms of policy responses. [ABSTRACT FROM AUTHOR]

This article models the endogenously interrelated relationship between global economic policy uncertainty (EPU), world industrial production (WIP), and the demand for US tourism net export (TNX) expenditures. To do so, we apply an identified structural vector autoregression model over monthly data spanning from January 1999 to October 2020. Our findings reveal that a positive shock in WIP has a significant positive effect on demand for TNXs. In contrast, unanticipated increases in price and EPU have a statistically significant negative effect on TNXs. Our results show that, in the long run, a one standard deviation shock in global EPU explains about 26.05% of the variations in tourism net service exports. [ABSTRACT FROM AUTHOR]

In this paper, we examine the impact of geopolitical risk on the demand for tourism service export. Using structural VAR model and U.S. monthly data from January 1999 to August 2020, we find that geopolitical risk has a negative and significant impact on tourism service exports. Our results reveal that, in the long-run, a one-standard-deviation shock in geopolitical risk shock explains about 12.6% of the variations in tourism net service exports. [ABSTRACT FROM AUTHOR]