Tourist destination competitiveness and ESG performance in the airline industry
Creators: name: Dempere, Juan
name: Modugu, Kennedy
Publisher: name: figshare
Year: 2022
Subjects: subject: 150701 Air Transportation and Freight Services
subject: FOS: Economics and business
subject: 159999 Commerce, Management, Tourism and Services not elsewhere classified
subject: 150401 Food and Hospitality Services
subject: 150402 Hospitality Management
subject: 150601 Impacts of Tourism
subject: 150702 Rail Transportation and Freight Services
subject: 150602 Tourism Forecasting
subject: 150603 Tourism Management
subject: 150604 Tourism Marketing
subject: 150605 Tourism Resource Appraisal
subject: 150699 Tourism not elsewhere classified
subject: 150606 Tourist Behaviour and Visitor Experience
subject: 150799 Transportation and Freight Services not elsewhere classified
subject: 50205 Environmental Management
subject: FOS: Earth and related environmental sciences
subject: 50204 Environmental Impact Assessment
subject: 50299 Environmental Science and Management not elsewhere classified
subject: 59999 Environmental Sciences not elsewhere classified
subject: Environmental Science
subject: Environmental Humanities
subject: 140202 Economic Development and Growth
subject: Economics
subject: 149999 Economics not elsewhere classified
subject: 140205 Environment and Resource Economics
subject: 140209 Industry Economics and Industrial Organisation
subject: 140210 International Economics and International Finance
subject: 140304 Panel Data Analysis
subject: 140213 Public Economics- Public Choice
subject: 140214 Public Economics- Publically Provided Goods
subject: 140216 Tourism Economics
subject: 140217 Transport Economics
subject: 160603 Comparative Government and Politics
subject: FOS: Political science
subject: 160505 Economic Development Policy
subject: 160507 Environment Policy
subject: 160605 Environmental Politics
subject: 160802 Environmental Sociology
subject: FOS: Sociology
subject: 160205 Police Administration, Procedures and Practice
subject: FOS: Law
subject: 160599 Policy and Administration not elsewhere classified
subject: 160509 Public Administration
subject: 160510 Public Policy
subject: 160402 Recreation, Leisure and Tourism Geography
subject: FOS: Social and economic geography
subject: 160512 Social Policy
subject: 160805 Social Change
subject: 160513 Tourism Policy

description: <strong>Tourist destination competitiveness and ESG performance in the airline industry</strong> <strong>Abstract</strong>: The relevance of corporate environmental, social, and governance performance (ESG) has increased significantly during the last few years. The airline industry is susceptible to such environmental, social, and governance practices, which explains its selection for the analysis purposes in this study. This paper analyzes the influence of the Travel &amp; Tourism Competitiveness Index and its constituent factors on environmental, social, and governance performance variables in a sample of leading airline companies worldwide with historical data available from 2013 to 2019. The study required analyzing panel data using a panel-corrected standard error model. The results suggest that airlines headquartered in countries with ideal conditions for operating businesses and outstanding information and communication technology readiness show excellent environmental, social, and governance performance. However, the findings also imply that airline companies headquartered in countries with heavy government influence on the airline industry sector measured by the government prioritization of the domestic travel and tourism sector have poor environmental, social, and governance performance. Similarly, the analysis provided evidence that countries well positioned to join national air service arrangements and subscribe to regional trade agreements have airline companies with excellent environmental, social, and governance performance metrics. The reported results can be priceless for policymakers designing national travel and tourism policies to enhance domestic airline firms’ environmental, social, and governance performance.