Keywords
Abstract
Tourism plays a crucial role in the global economy, influencing various sectors, including financial markets. This thesis examines the relationship between tourism and stock market performance, focusing on how tourism-related industries impact stock indices and investor sentiment. Using empirical data and theoretical analysis, this study highlights key factors such as economic cycles, geopolitical events, and consumer spending that link tourism dynamics with stock market fluctuations. The findings provide insights into investment strategies and economic policies that optimize financial stability amidst tourism-driven market changes.
References
Adams, R., & Santos, J. (2021). Tourism Economics and Stock Market Performance. Journal of Financial Studies, 45(3), 234-256.
Baker, S. R., Bloom, N., & Davis, S. J. (2020). Economic Uncertainty and Market Reactions to Tourism Events. American Economic Review, 110(7), 1894-1923.
Chen, M. H. (2017). The Impact of Tourism on Stock Markets: Evidence from Hospitality and Travel Industries. Tourism Management, 58, 112-125.
Gössling, S., Scott, D., & Hall, C. M. (2021). Tourism, Financial Markets, and Global Crises. Current Issues in Tourism, 24(4), 567-589.
Papatheodorou, A. (2016). The Effect of Tourism Growth on Financial Markets: A Sectoral Approach. International Journal of Tourism Research, 18(2), 147-160.