Analysis of asymmetry factors in the development of the EU tourism industry
The effects of the economic recession and the COVID-19 crisis call for more active support for the tourism industry. To pursue a supranational tourism policy and create a favorable marketing environment at the national level, it is necessary to consider the objective differences between member state...
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LLC "CPC "Business Perspectives"
2020-12-01
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| Series: | Innovative Marketing |
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| Online Access: | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/14472/IM_2020_04_Polyakov.pdf |
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| author | Maxim Polyakov Vladimir Bilozubenko Natalia Nebaba Maxim Korneyev Yelyzaveta Saihak |
| author_facet | Maxim Polyakov Vladimir Bilozubenko Natalia Nebaba Maxim Korneyev Yelyzaveta Saihak |
| author_sort | Maxim Polyakov |
| collection | DOAJ |
| description | The effects of the economic recession and the COVID-19 crisis call for more active support for the tourism industry. To pursue a supranational tourism policy and create a favorable marketing environment at the national level, it is necessary to consider the objective differences between member states and their characteristics in the field of tourism. This study aims to highlight the main factors that characterize the asymmetry of the tourism industry in the EU countries, which allows ensuring the competitiveness of national tourism companies through the formation of an appropriate marketing strategy. The research methodology includes calculation of the asymmetry coefficient and cluster and classification analysis based on Eurostat data.At the first stage, 27 indicators were selected that characterize the structural proportions of the tourism industry and the intensity of tourism in the EU countries. Based on the calculation of the asymmetry coefficient, a high level of heterogeneity of the tourism industry parameters in the EU countries for each of the indicators was demonstrated. At the second stage, clustering (algorithm – k-means, metric – Euclidean distance) of the EU countries was carried out according to the selected indicators. As a result, eight clusters were obtained, which showed asymmetry in developing national tourism sectors in the EU. At the third stage, as a result of classification (method – decision trees), seven combinations of indicators were identified, which completely distinguish the resulting clusters of the EU countries. The parameters included in these combinations are, in fact, the main factors of the asymmetry in the development of the EU tourism industry.Based on the analysis of the asymmetric development of the tourism industry by country, it is possible to determine its growth points and competitiveness drivers in the EU internal market and identify marketing strategies. |
| format | Article |
| id | doaj-art-563e5d0ab68f4d04a38d6762986fc501 |
| institution | DOAJ |
| issn | 1814-2427 1816-6326 |
| language | English |
| publishDate | 2020-12-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Innovative Marketing |
| spelling | doaj-art-563e5d0ab68f4d04a38d6762986fc5012025-08-20T03:04:40ZengLLC "CPC "Business Perspectives"Innovative Marketing1814-24271816-63262020-12-0116411712810.21511/im.16(4).2020.1014472Analysis of asymmetry factors in the development of the EU tourism industryMaxim Polyakov0https://orcid.org/0000-0001-7896-2486Vladimir Bilozubenko1https://orcid.org/0000-0003-1269-7207Natalia Nebaba2https://orcid.org/0000-0003-1264-106XMaxim Korneyev3https://orcid.org/0000-0002-4005-5335Yelyzaveta Saihak4https://orcid.org/0000-0002-6406-9272Doctor of Economics, Associate Professor, Managing Partner Noosphere Ventures Inc., Menlo ParkDoctor of Economics, Associate Professor, Department of International Economic Relations, Regional Studies and Tourism, University of Customs and FinancePh.D. in Economics, Associate Professor, Department of International Economic Relations, Regional Studies and Tourism, University of Customs and FinanceDoctor of Economics, Professor, Department of International Economic Relations, Regional Studies and Tourism, University of Customs and FinancePostgraduate, Department of International Economic Relations, Regional Studies and Tourism, University of Customs and FinanceThe effects of the economic recession and the COVID-19 crisis call for more active support for the tourism industry. To pursue a supranational tourism policy and create a favorable marketing environment at the national level, it is necessary to consider the objective differences between member states and their characteristics in the field of tourism. This study aims to highlight the main factors that characterize the asymmetry of the tourism industry in the EU countries, which allows ensuring the competitiveness of national tourism companies through the formation of an appropriate marketing strategy. The research methodology includes calculation of the asymmetry coefficient and cluster and classification analysis based on Eurostat data.At the first stage, 27 indicators were selected that characterize the structural proportions of the tourism industry and the intensity of tourism in the EU countries. Based on the calculation of the asymmetry coefficient, a high level of heterogeneity of the tourism industry parameters in the EU countries for each of the indicators was demonstrated. At the second stage, clustering (algorithm – k-means, metric – Euclidean distance) of the EU countries was carried out according to the selected indicators. As a result, eight clusters were obtained, which showed asymmetry in developing national tourism sectors in the EU. At the third stage, as a result of classification (method – decision trees), seven combinations of indicators were identified, which completely distinguish the resulting clusters of the EU countries. The parameters included in these combinations are, in fact, the main factors of the asymmetry in the development of the EU tourism industry.Based on the analysis of the asymmetric development of the tourism industry by country, it is possible to determine its growth points and competitiveness drivers in the EU internal market and identify marketing strategies.https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/14472/IM_2020_04_Polyakov.pdfasymmetry factorscountry clusteringmarketing strategysupranational policytourism |
| spellingShingle | Maxim Polyakov Vladimir Bilozubenko Natalia Nebaba Maxim Korneyev Yelyzaveta Saihak Analysis of asymmetry factors in the development of the EU tourism industry Innovative Marketing asymmetry factors country clustering marketing strategy supranational policy tourism |
| title | Analysis of asymmetry factors in the development of the EU tourism industry |
| title_full | Analysis of asymmetry factors in the development of the EU tourism industry |
| title_fullStr | Analysis of asymmetry factors in the development of the EU tourism industry |
| title_full_unstemmed | Analysis of asymmetry factors in the development of the EU tourism industry |
| title_short | Analysis of asymmetry factors in the development of the EU tourism industry |
| title_sort | analysis of asymmetry factors in the development of the eu tourism industry |
| topic | asymmetry factors country clustering marketing strategy supranational policy tourism |
| url | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/14472/IM_2020_04_Polyakov.pdf |
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