Climate change is likely to have a significant impact on a number of key economic sectors, including tourism. We employ panel data techniques on regional tourist and climatic data in the UK to estimate the influence that temperature, precipitation and sunny conditions have on domestic tourism. Significant impacts are found, including lagged relationships. The model is then used to estimate the impact that the hot weather of summer 2003 had on domestic tourism in the UK, finding a positive impact on revenues ranging between £14.79 million to £30.32 million.
|Number of pages||10|
|Publication status||Published - Dec 2009|