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Title:Potential integration of metaverse, non-fungible tokens and sentiment analysis in quantitative tourism economic analysis
Authors:Gričar, Sergej (Author)
Šugar, Violeta (Author)
Baldigara, Tea (Author)
Folgieri, Raffaella (Author)
Language:English
Work type:Unknown
Tipology:1.01 - Original Scientific Article
Organization:UNM FPUV - University of Novo mesto - Faculty of Bussines and Managament Sciences
Abstract:With the emergence of the metaverse, countries’ digital efforts to create tourism opportunities have given rise to the possibility of capitalising on digital content which, along with physical tourism experiences, can generate further income and enhance a country’s reputation. Non-fungible tokens (NFTs), a unique application of blockchain technology, offer an enabling technology in several sectors, including tourism. Therefore, this study aims to explore the official tourism websites of Croatia and Slovenia and analyse current NFT applications in tourism economics. The methodology focuses explicitly on sentiment analysis, blockchain and machine learning. The paper introduces various applications currently in place, including Slovenia’s “I Feel Nft” project. The research shows that the main benefits of using NFT and sentiment analysis in the tourism economy are the promotion and presentation of major tourist destinations, exhibitions, works of art, and companies’ products in tokens, digital content and souvenirs. The adoption of sentiment analysis and NFTs in the tourism economy is still open to proposals for implementing public quantitative data metrics. Therefore, the scientific contribution of this research is essential in terms of operational recommendations and defining metrics for measuring the effectiveness of those methodologies and their applications in the tourism economy. On top of that, the practical contribution lies in monitoring the influx of tourists, and highlighting their increase over time and the significance of new technology in time series tourism research.
Year of publishing:2023
COBISS_ID:179288835 Link is opened in a new window
UDC:338.487+336.74:004.7
ISSN on article:1911-8074
DOI:10.3390/jrfm17010015 Link is opened in a new window
Note:Nasl. z nasl. zaslona; Opis vira z dne 3. 1. 2024; Ostale avtorice: Violeta Šugar, Tea Baldigara, Raffaella Folgieri;
Views:36829
Downloads:15
Files:URL https://www.mdpi.com/1911-8074/17/1/15
.pdf RAZ_Gricar_Sergej_i2023.pdf (2,26 MB)
 
Journal:J. risk financ. manag.
MDPI AG
 
Funder:ARRS - Agencija za raziskovalno dejavnost Republike Slovenije (ARRS)
Funding programme:Ciljni raziskovalni programi
Project no.:V5-2331
Project name:Izboljšanje trajnostnega dnevnega prevoza na delo in študij: Primerjalna analiza najboljših praks v EU, načrt za urbana območja in širše v Sloveniji
Project acronym:CRP2023
Project ID:info:eu-repo/grantAgreement/ARRS/Ciljni%20raziskovalni%20programi/V5-2331
 
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