Country Economic Memorandum for Sao Tome and Principe - Background Note 11 : What is the Potential and Hindrances for the Tourism Sector in Sao Tome and Príncipe?

The purpose of this paper is to empirically evaluate the tourism performance of STP with respect to the main determinants that have been found in the literature. Tourism is clearly a comparative advantage of STP and already an important economic ac...

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Main Author:	Monte-Rojas, Gabriel
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	TOURISM AIR TRANSPORT LGBT DECRIMINALIZATION PRICE ELASTICITY OF DEMAND CONNECTIVITY TRANSPORT
Online Access:	http://documents.worldbank.org/curated/en/282671562911496233/Country-Economic-Memorandum-Background-Note-11-What-is-the-potential-and-hindrances-for-the-tourism-sector-in-Sao-Tome-and-Príncipe http://hdl.handle.net/10986/32140

id	okr-10986-32140
recordtype	oai_dc
spelling	okr-10986-321402021-05-25T09:26:20Z Country Economic Memorandum for Sao Tome and Principe - Background Note 11 : What is the Potential and Hindrances for the Tourism Sector in Sao Tome and Príncipe? Monte-Rojas, Gabriel TOURISM AIR TRANSPORT LGBT DECRIMINALIZATION PRICE ELASTICITY OF DEMAND CONNECTIVITY TRANSPORT The purpose of this paper is to empirically evaluate the tourism performance of STP with respect to the main determinants that have been found in the literature. Tourism is clearly a comparative advantage of STP and already an important economic activity, however, STP is far from the characterization of a tourism-dependent small economy. Tourism represents 10.8 percent of GDP and the ratio between international inbound tourists and population is at 14.5 percent. For a summary of how STP relates to other destinations. This puts STP as the twelfth country in terms of size of direct contribution of the tourism sector to GDP and the eighteenth in terms of the ratio between tourists and population. Using data from different sources, this note analyzes STP’s tourism-related characteristics and uses different empirical tools to evaluate them vis-à-vis its peers. Economic literature shows that tourism demand is affected by price and income but also by a host of other factors such as air connectivity, language, and culture among others. First, there is an extensive research agenda on measuring price and income elasticities of tourism, which is specific for different types of tourism destination. Second, there is a myriad of characteristics that are found to be important to the tourism industry, such as remoteness, language, culture, air connectivity, bilateral trade, etc. More recently, there has been many studies emphasizing the role of digital media and digital presence1 as a key determinant of tourist decisions. 2019-07-29T21:15:20Z 2019-07-29T21:15:20Z 2019-06-26 Report http://documents.worldbank.org/curated/en/282671562911496233/Country-Economic-Memorandum-Background-Note-11-What-is-the-potential-and-hindrances-for-the-tourism-sector-in-Sao-Tome-and-Príncipe http://hdl.handle.net/10986/32140 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Country Economic Memorandum Economic & Sector Work Africa Sao Tome and Principe
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	TOURISM AIR TRANSPORT LGBT DECRIMINALIZATION PRICE ELASTICITY OF DEMAND CONNECTIVITY TRANSPORT
spellingShingle	TOURISM AIR TRANSPORT LGBT DECRIMINALIZATION PRICE ELASTICITY OF DEMAND CONNECTIVITY TRANSPORT Monte-Rojas, Gabriel Country Economic Memorandum for Sao Tome and Principe - Background Note 11 : What is the Potential and Hindrances for the Tourism Sector in Sao Tome and Príncipe?
geographic_facet	Africa Sao Tome and Principe
description	The purpose of this paper is to empirically evaluate the tourism performance of STP with respect to the main determinants that have been found in the literature. Tourism is clearly a comparative advantage of STP and already an important economic activity, however, STP is far from the characterization of a tourism-dependent small economy. Tourism represents 10.8 percent of GDP and the ratio between international inbound tourists and population is at 14.5 percent. For a summary of how STP relates to other destinations. This puts STP as the twelfth country in terms of size of direct contribution of the tourism sector to GDP and the eighteenth in terms of the ratio between tourists and population. Using data from different sources, this note analyzes STP’s tourism-related characteristics and uses different empirical tools to evaluate them vis-à-vis its peers. Economic literature shows that tourism demand is affected by price and income but also by a host of other factors such as air connectivity, language, and culture among others. First, there is an extensive research agenda on measuring price and income elasticities of tourism, which is specific for different types of tourism destination. Second, there is a myriad of characteristics that are found to be important to the tourism industry, such as remoteness, language, culture, air connectivity, bilateral trade, etc. More recently, there has been many studies emphasizing the role of digital media and digital presence1 as a key determinant of tourist decisions.
format	Report
author	Monte-Rojas, Gabriel
author_facet	Monte-Rojas, Gabriel
author_sort	Monte-Rojas, Gabriel
title	Country Economic Memorandum for Sao Tome and Principe - Background Note 11 : What is the Potential and Hindrances for the Tourism Sector in Sao Tome and Príncipe?
title_short	Country Economic Memorandum for Sao Tome and Principe - Background Note 11 : What is the Potential and Hindrances for the Tourism Sector in Sao Tome and Príncipe?
title_full	Country Economic Memorandum for Sao Tome and Principe - Background Note 11 : What is the Potential and Hindrances for the Tourism Sector in Sao Tome and Príncipe?
title_fullStr	Country Economic Memorandum for Sao Tome and Principe - Background Note 11 : What is the Potential and Hindrances for the Tourism Sector in Sao Tome and Príncipe?
title_full_unstemmed	Country Economic Memorandum for Sao Tome and Principe - Background Note 11 : What is the Potential and Hindrances for the Tourism Sector in Sao Tome and Príncipe?
title_sort	country economic memorandum for sao tome and principe - background note 11 : what is the potential and hindrances for the tourism sector in sao tome and príncipe?
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/282671562911496233/Country-Economic-Memorandum-Background-Note-11-What-is-the-potential-and-hindrances-for-the-tourism-sector-in-Sao-Tome-and-Príncipe http://hdl.handle.net/10986/32140
_version_	1764475862431825920

Country Economic Memorandum for Sao Tome and Principe - Background Note 11 : What is the Potential and Hindrances for the Tourism Sector in Sao Tome and Príncipe?

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