Exchange rate and its impact on tourism

Václav Kafka

Diplomová práce

Abstract:

This diploma thesis is focused on relationship of tourism and selected economic variables especially the exchange rate. The thesis is divided in two main parts. Theoretical part and Practical part. The first subchapter of theoretical part deals with tourism industry as more and more significant part of global economy. The next subchapter is focused on exchange rate. The exchange rate is one of variables which are expected to influence inbound tourism of the Czech Republic. This eventual relationship is described in third subchapter of theoretical part. For the theoretical part was utilized many literature resources. In all cases the quotation is presented. The second part of the thesis is called practical part and it provides results of own case study which observes the relationship of the number of inbound tourists in the Czech Republic and exchange rate. There are chosen 4 countries with highest number of tourists in the Czech Republic and different currency: Germany, United Kingdom, Russia and Poland. For each of these countries is created individual econometric model with 4 exogenous variables: unemployment rate, exchange rate, average wage and inflation. The data for creation of model are sourced from CSZO, statistical offices of selected countries and Eurostat. The time period is 16 years. From 2000 till 2015.

Keywords

exchange rate, devaluation, tourism, tourist, currency, geographical segmentation, econometric model, fluctuation, impact, interventions

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 31. 3. 2017

Obhajoba závěrečné práce

• Vedoucí: doc. Ing. Mansoor Maitah, Ph.D. Ph.D.

Česká zemědělská univerzita v Praze

Provozně ekonomická fakulta

Magisterský studijní program / obor:
Economics and Management / Economics and Management