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Winter seasonality
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[guest nights in hotels and health resorts in winter (DJF)/total guest nights in hotels and health resorts] |
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[- %] |
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The higher the seasonality, the less the tourism industry is robust and the more the region is sensitive (Baum 2001; Jang 2004). |
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Linear ↑ |
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Seasonality causes difficulty in gaining access to capital, fluctuating returns on investment, and subsequent high risk of investment. This is primarily due to the instability of tourism revenues over seasons and under-or-over utilization of the same resources and facilities (Jang 2004). |
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