<p>The volatility of tourism demands under structural breaks pose significant challenges for destination management and policy planning. To address this critical issue, we developed a novel Hybrid Economic-Search Model (HESM) that synergistically integrates multidimensional data sources through an innovative two-stage forecasting architecture. Our framework uniquely combined composite diffusion index capturing macroeconomic regime shifts with a principal components-based Baidu Search Index reflecting real-time tourist intent. The model architecture employed a structured linear component to capture baseline relationships and interaction effects, followed by an XGBoost-based non-linear corrector to resolve residual patterns. Evaluated on the post-pandemic recovery period (2023–2024), HESM reduced the MAPE, MAE, and RMSE of the best-performing SARIMA benchmark by 27.07%, 26.62%, and 26.04%, respectively. Ablation studies further validated the individual and synergistic contributions of both economic and search data components. The model maintained robust performance across different market regimes, as confirmed through pre-pandemic validation. Our findings provide both methodological advancements and practical insights, demonstrating that hybrid frameworks leveraging multi-source data offer a paradigm shift in tourism forecasting accuracy under structural instability.</p>

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When simplicity fails: forecasting Mainland Chinese tourist arrivals in Macao during structural breaks with a hybrid economic-search model

  • Xiaoqing Luo

摘要

The volatility of tourism demands under structural breaks pose significant challenges for destination management and policy planning. To address this critical issue, we developed a novel Hybrid Economic-Search Model (HESM) that synergistically integrates multidimensional data sources through an innovative two-stage forecasting architecture. Our framework uniquely combined composite diffusion index capturing macroeconomic regime shifts with a principal components-based Baidu Search Index reflecting real-time tourist intent. The model architecture employed a structured linear component to capture baseline relationships and interaction effects, followed by an XGBoost-based non-linear corrector to resolve residual patterns. Evaluated on the post-pandemic recovery period (2023–2024), HESM reduced the MAPE, MAE, and RMSE of the best-performing SARIMA benchmark by 27.07%, 26.62%, and 26.04%, respectively. Ablation studies further validated the individual and synergistic contributions of both economic and search data components. The model maintained robust performance across different market regimes, as confirmed through pre-pandemic validation. Our findings provide both methodological advancements and practical insights, demonstrating that hybrid frameworks leveraging multi-source data offer a paradigm shift in tourism forecasting accuracy under structural instability.