README.md

---
languages:
- en
licenses:
- cc-by-4.0
multilinguality:
- monolingual
size_categories:
- 100K<n<1M
task_categories:
- time-series-forecasting
task_ids:
- time-series-forecasting-tourism
---

# Tourism Monthly Dataset with Economic Covariates

This dataset, originally sourced from Athanasopoulos et al. (2011), focuses on the tourism industry with a monthly frequency. It has been enhanced with economic covariates, namely Consumer Price Index (CPI), Inflation Rate, and Gross Domestic Product (GDP), from official Australian government sources. It is designed for forecasting and analytical purposes in the context of tourism and its economic impacts.

## Dataset Description

The dataset spans from 1998, covering various aspects of tourism, including different types of visits (e.g., holiday, business, other), across multiple series, totaling 1311 distinct series. It includes monthly data, aiming to predict future tourism trends with a horizon of 24 months. The data has been enriched with economic indicators to provide a comprehensive analysis platform.

### Series Naming Convention

Each series name in the dataset is composed of four parts:

1. **The first three characters**: These represent encoded names for States, Zones, and Regions within Australia. This encoding allows users to easily identify the geographic focus of each series.
2. **The last three letters**: These indicate the purpose of the visit, which can be for business (`Bus`), holiday (`Hol`), visiting friends or relatives (`Vis`), or other purposes (`Oth`).

### Columns Overview:

- **Year**: The year of the record.
- **Month**: The month of the record.
- **Date**: The full date of the record.
- **Series Names** (e.g., AAAHol, AAAVis, AAABus, ...): These columns represent different tourism series, capturing various types of visits and activities. The naming convention provides insights into the geographic area and the purpose of the visits.
- **CPI**: The Consumer Price Index, reflecting the change in the price level of a basket of consumer goods and services purchased by households.
- **Inflation_Rate**: The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.
- **GDP**: Gross Domestic Product, representing the total monetary or market value of all the finished goods and services produced within Australia's borders in a specific time period.

### Data Sources:

- **Tourism Data**: Derived from the work of Athanasopoulos et al., 2011, focusing on the tourism sector.
- **Economic Covariates**: Sourced from official Australian government publications, providing key economic indicators.

## Usage

This dataset can be utilized for time-series forecasting, economic impact studies, and comprehensive analysis of the tourism industry in relation to economic trends. It's particularly useful for researchers, economists, and policymakers interested in understanding and predicting the dynamics of tourism and its interactions with the economy.

## License

This dataset is distributed under the Creative Commons Attribution 4.0 International (CC BY 4.0) license. Users are free to share and adapt the material for any purpose, even commercially, under the condition that appropriate credit is given, a link to the license is provided, and it is indicated if changes were made.