Cambiamento climatico e turismo invernale per l'Italia
Pubblicato il 31/12/22 00:00 [Doc.11536]
di BANCA D'ITALIA
by Gioia Maria Mariani and Diego Scalise
Increasing temperatures and snow-scarce winter seasons challenge the winter tourism industry, one of the most weather-sensitive economic sectors. In this paper we assemble a novel dataset matching weather conditions and tourism flows in a sample of 39 Italian ski resorts in the last 20 years. We study the relationship between snow conditions, ski passes and overnight stays at ski resort level by means of a panel estimator with double fixed effects to quantify the risk of tourism losses due to climate change. We estimate a positive and significant relationship between snowfall conditions and winter tourism flows in Italian Alpine resorts. According to our estimates and to consensus projections on climate variables, in the coming years the impacts of climate change on ski passes and overnight stays could be significant, especially at lower altitudes. We also find evidence that providing artificial snow only has a weak effect on winter tourism flows, pointing toward the need for a more comprehensive approach to adaptation strategies.
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