Game of Thrones and Tourism Impacts on Croatian Housing Prices
Department
Economics, Finance and Quantitative Analysis
Document Type
Article
Publication Date
1-1-2022
Abstract
The Game of Thrones television program was widely seen throughout the world. The show acted as an advertisement for travel and home purchases in the Republic of Croatia. A hedonic least squares regression model adjusted for autocorrelation is used to consider the impact of the television show, tourist visits to the country, and domestic personal income on the housing price index. The descriptive statistics and regression results suggest that the television show and tourism impact existing housing prices. Visitors to the country purchased or rented enough housing to cause demand to increase for residential properties, which results in a higher housing price index. Per capita domestic income is not a significant factor influencing the housing price index for existing dwellings.
Journal Title
Tourism Analysis
Journal ISSN
10835423
Volume
27
Issue
1
First Page
113
Last Page
118
Digital Object Identifier (DOI)
10.3727/108354221X16140381653042