5th South American Industrial Engineering and Operations Management Conference

Forecasting Models Used in the Tourism Sector: A Systematic Review of Literature

Juan Manuel Machuca De Pina, Guilermo Huapaya & Aiko Makino
Publisher: IEOM Society International
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Abstract

The tourism forecasting industry is facing challenges in improving its performance. However, this presents an opportunity for research and development, especially for developing countries looking to improve their tourism sector. The objective of a systematic review was identifying the newest and most used models for forecasting tourism demand. Using the PRISMA method and analyzing 40 articles, we concluded that hybrid models are the most effective for tourism demand forecasting. Combining a statistical model with a machine learning-based model is particularly efficient.

Published in: 5th South American Industrial Engineering and Operations Management Conference, Bogota, Colombia

Publisher: IEOM Society International
Date of Conference: May 7-9, 2024

ISBN: 979-8-3507-1735-8
ISSN/E-ISSN: 2169-8767