Digital Economy Empowers the Development of Tourism Industry:The Perspective of Tourism Investment and Consumption
Tourism industry,as a substantial component of the national economy,has a crucial function in unleashing the capacity for expenditure and enhancing domestic demand.The rapid advancement of new-generation information and digital technology,such as cloud computing,big data,and artificial intelligence,has greatly contributed to the growth and success of the tourism industry and the overall prosperity of the tourism economy.Against the background,the article looks into whether the digital economy can support the growth of tourism sector,which has important theoretical and practical implications for promoting the growth of the tourism market in the modern day and ensuring the high-quality development of tourism sector.This paper delves at the impact of the digital economy on the tourism industry,from the perspectives of tourism investment and tourism consumption.From a tourism investment perspective,the progress of the digital economy,specifically the use of technologies like big data and machine learning,can help reduce the unequal access to information between financial institutions and tourism businesses.This can in turn help alleviate the financial limitations faced by the tourism enterprises.Meanwhile,digital technologies,such as internet platforms and artificial intelligence algorithms,can facilitate the alignment of supply and demand factors within the tourism industry.This process mitigates information asymmetry between tourism enterprises and destinations,as well as between tourism enterprises and consumers,thereby stimulating the vitality of tourism investment.From a tourism consumption perspective,the digital economy enhances the capability of tourists to access information about tourism products and influences their consumption preferences,ultimately contributing to the stimulation of tourism consumption vitality.This paper utilizes textual analysis,prefecture-level statistical data,data from tourism-related listed companies,map big data,and microdata to empirically evaluate the impact of the digital economy on the tourism industry and its channel mechanism,based on the digital economy development index.The study reveals that the digital economy has a substantial impact on the growth of the tourism sector,and this influence is further amplified by improvements in transportation infrastructure.This result remains strong and reliable even after undergoing a range of methods to address endogeneity and tests to ensure its robustness.Furthermore,the mechanism test demonstrates that the digital economy has effectively promoted the expansion of the tourism industry through the encouragement of higher levels of investment and the stimulation of consumption.Moreover,the heterogeneity analysis reveals that places endowed with ample tourism resources exhibit a more significant influence of the digital economy on the growth of the tourism industry in comparison to regions with limited tourism resources.The main contributions of this study are as follows.Firstly,this study investigates the ways in which the digital economy promotes and influences the development of the tourism industry,including both the impact on tourism investment and tourism consumption.This empirical research demonstrates that the digital economy is facilitating the growth of the tourism business,thereby enhancing scholarly comprehension of the elements that impact regional tourism economies.Secondly,this paper examines the impact of the digital economy on the tourism industry,taking into account differences in regional transportation infrastructure and tourism resources.It also offers spatial policy recommendations for utilizing the digital economy to drive high-quality tourism development.Thirdly,it elucidates the internal coherence and functional limitations of how the digital economy empowers the tourism industry,so broadening and intensifying the theoretical basis for the digital economy's influence on the actual economy.Moreover,it offers a fresh viewpoint on expediting the revival of the tourism sector and ensuring steady macroeconomic growth.
digital economytourism investmenttourism consumptiontourism economy
万方数据
维普
