Where do tourism tokens travel to and from?

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F23%3A63568738" target="_blank" >RIV/70883521:28120/23:63568738 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.1080/13683500.2023.2237169" target="_blank" >https://doi.org/10.1080/13683500.2023.2237169</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1080/13683500.2023.2237169" target="_blank" >10.1080/13683500.2023.2237169</a>

Result language
angličtina
Original language name
Where do tourism tokens travel to and from?
Original language description
This study aims to identify the sources of spillovers affecting tourism tokens and classify the type of assets to which they correspond. Using daily data for different asset classes from June 2018 through November 2022, we employ a TVP-VAR methodology to test the connectedness between two tourism tokens, two leading travel equity indices, and the two dominant cryptocurrencies, namely, Bitcoin and Ethereum. The findings show that tourism tokens are relatively independent of fluctuations in the traditional sources affecting the travel and leisure sector, such as the U.S. dollar, the price of oil, or travel equity indices. These results hint that tourism tokens are more closely related to cryptocurrencies rather than pure travel goods. The results may help decision-makers in the travel and hospitality industries considering the use of tourism tokens identify the potential forces impacting them.
Czech name
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Czech description
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Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50206 - Finance

Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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