{"id":3089,"date":"2025-11-01T00:11:46","date_gmt":"2025-10-31T23:11:46","guid":{"rendered":"https:\/\/test-cetop.upf.pf\/?p=3089"},"modified":"2025-11-08T04:27:11","modified_gmt":"2025-11-08T03:27:11","slug":"focus-loptimisation-du-portefeuille-de-marches-touristiques-emetteurs-pour-la-polynesie-francaise","status":"publish","type":"post","link":"https:\/\/test-cetop.upf.pf\/?p=3089","title":{"rendered":"FOCUS | L\u2019optimisation du portefeuille de march\u00e9s touristiques \u00e9metteurs pour la Polyn\u00e9sie fran\u00e7aise"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"3089\" class=\"elementor elementor-3089\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3c2b580a e-con-full e-flex e-con e-parent\" data-id=\"3c2b580a\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;shape_divider_bottom&quot;:&quot;curve&quot;,&quot;shape_divider_bottom_negative&quot;:&quot;yes&quot;}\">\n\t\t\t\t<div class=\"elementor-shape elementor-shape-bottom\" aria-hidden=\"true\" data-negative=\"true\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 1000 100\" preserveAspectRatio=\"none\">\n\t<path class=\"elementor-shape-fill\" d=\"M500,97C126.7,96.3,0.8,19.8,0,0v100l1000,0V1C1000,19.4,873.3,97.8,500,97z\"\/>\n<\/svg>\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3520ad76 e-con-full e-flex e-con e-child\" data-id=\"3520ad76\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-62ed885c elementor-widget elementor-widget-heading\" data-id=\"62ed885c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Actualit\u00e9s<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-69c6fedd elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading\" data-id=\"69c6fedd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"theme-post-title.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">FOCUS | L\u2019optimisation du portefeuille de march\u00e9s touristiques \u00e9metteurs pour la Polyn\u00e9sie fran\u00e7aise<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4ca30ced e-con-full e-flex e-con e-parent\" data-id=\"4ca30ced\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-48609ced e-flex e-con-boxed e-con e-child\" data-id=\"48609ced\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-10c02b59 elementor-widget elementor-widget-theme-post-featured-image elementor-widget-image\" data-id=\"10c02b59\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"theme-post-featured-image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"4460\" height=\"2975\" src=\"https:\/\/test-cetop.upf.pf\/wp-content\/uploads\/2025\/11\/earth-in-hands.jpg\" class=\"attachment-full size-full wp-image-3092\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7b2f2e66 e-flex e-con-boxed e-con e-child\" data-id=\"7b2f2e66\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-aa116b5 elementor-widget elementor-widget-text-editor\" data-id=\"aa116b5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>La Polyn\u00e9sie fran\u00e7aise doit envisager de nouvelles approches pour relancer le tourisme. Si le tourisme interne est mis en avant, cette forme de tourisme ne suffira pas, la strat\u00e9gie devra prendre en compte une ouverture \u00e0 l\u2019international.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3d9829c elementor-widget elementor-widget-heading\" data-id=\"3d9829c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">FOCUS : L\u2019optimisation du portefeuille de march\u00e9s touristiques \u00e9metteurs pour la Polyn\u00e9sie fran\u00e7aise<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e078a94 elementor-widget elementor-widget-heading\" data-id=\"e078a94\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Yann Otcenasek, doctorant en sciences \u00e9conomiques \u00e0 l\u2019Universit\u00e9 de la Polyn\u00e9sie fran\u00e7aise. *\n\nJean-Claude Oul\u00e9, Professeur agr\u00e9g\u00e9 d\u2019\u00c9conomie et Gestion \u00e0 l\u2019Universit\u00e9 de la Polyn\u00e9sie fran\u00e7aise. Dipl\u00f4m\u00e9 d\u2019expertise comptable. *\n\nSylvain Petit, Ma\u00eetre de conf\u00e9rences en sciences \u00e9conomiques, habilit\u00e9 \u00e0 diriger les Recherches \u00e0 l\u2019Universit\u00e9 de la Polyn\u00e9sie fran\u00e7aise. *<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5128aab elementor-widget elementor-widget-heading\" data-id=\"5128aab\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">Publi\u00e9 le 02\/06\/2020<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-13770f7 elementor-widget elementor-widget-text-editor\" data-id=\"13770f7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>En 2019, la Polyn\u00e9sie a accueilli 236 642 touristes selon les chiffres de l\u2019ISPF, soit une hausse de 9,4% par rapport \u00e0 2018. L\u2019ann\u00e9e 2020 risque de pr\u00e9senter beaucoup de difficult\u00e9s et de d\u00e9fis pour les diff\u00e9rents acteurs du tourisme, notamment parce que l\u2019\u00e9pid\u00e9mie du coronavirus a entra\u00een\u00e9 la fermeture des fronti\u00e8res des pays du monde entier. Il s\u2019agit d\u2019une situation in\u00e9dite o\u00f9 du jour au lendemain, les pays r\u00e9cepteurs se sont retrouv\u00e9s sans aucun touriste et ce sont les destinations insulaires sp\u00e9cialis\u00e9es dans le tourisme qui se retrouvent en plus grande difficult\u00e9.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1bea442 e-con-full e-flex e-con e-parent\" data-id=\"1bea442\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-076f779 e-con-full e-flex e-con e-child\" data-id=\"076f779\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7ef2aa9 elementor-widget elementor-widget-heading\" data-id=\"7ef2aa9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">La volatilit\u00e9 des march\u00e9s \u00e9metteurs : une analogie avec la gestion de portefeuille de titres<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7f47dcc elementor-widget elementor-widget-text-editor\" data-id=\"7f47dcc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"font-weight: 400;\">Dans un premier temps, on peut s\u2019aider d\u2019une d\u00e9composition des march\u00e9s touristiques de la Polyn\u00e9sie fran\u00e7aise. En 2019, la plus grosse part des touristes provenait d\u2019Am\u00e9rique du Nord, avec 40,8% de parts de march\u00e9 (96 740 touristes, dont 88 782 des \u00c9tats-Unis) et restaient en moyenne 10,1 jours en h\u00e9bergement marchand. Les touristes fran\u00e7ais, quant \u00e0 eux, repr\u00e9sentaient 25,5% de parts de march\u00e9 (soit 60 382 touristes) et restaient en moyenne 21,5 jours. Enfin, le troisi\u00e8me march\u00e9 plus important est le march\u00e9 europ\u00e9en (hors France) qui repr\u00e9sentait 13,7% de parts et cette client\u00e8le restait en moyenne 13,4 jours.<\/p><p style=\"font-weight: 400;\">Chacun de ces march\u00e9s r\u00e9agit diff\u00e9remment \u00e0 l\u2019\u00e9volution du march\u00e9 touristique global en fonction de sa volatilit\u00e9 qui peut \u00eatre d\u00e9finie comme la sensibilit\u00e9 d\u2019un march\u00e9 donn\u00e9 \u00e0 l\u2019\u00e9volution du march\u00e9 global. La gestion de portefeuille recommande d\u2019investir dans des valeurs offensives qui progressent plus que le march\u00e9 global lorsque celui-ci est porteur. Mais un portefeuille doit toujours contenir des valeurs d\u00e9fensives dont on augmente la part en p\u00e9riode de baisse du march\u00e9 parce que ces valeurs baissent moins que le march\u00e9. La d\u00e9tention de ces valeurs dans un portefeuille permet d\u2019att\u00e9nuer les pertes en cas de crise alors que la d\u00e9tention de valeurs offensives permet d\u2019amplifier les gains en cas de reprise. Pour chaque titre, les analystes financiers calculent un coefficient de volatilit\u00e9 nomm\u00e9 b\u00eata. Nous avons calcul\u00e9 le b\u00eata des principaux march\u00e9s \u00e9metteurs de touristes vers la Polyn\u00e9sie fran\u00e7aise en utilisant les donn\u00e9es de l\u2019enqu\u00eate de fr\u00e9quentation touristique effectu\u00e9e par l\u2019ISPF r\u00e9alis\u00e9e chaque ann\u00e9e (2007 \u00e0 2019). Notre indicateur s&rsquo;interpr\u00e8te de la mani\u00e8re suivante : une valeur faible caract\u00e9rise une valeur d\u00e9fensive qui amortit les effets d\u2019une crise ; une valeur plus \u00e9lev\u00e9e caract\u00e9rise une valeur offensive dans laquelle on investit lorsque les march\u00e9s repartent.<\/p><p style=\"font-weight: 400;\">\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c770d1f e-con-full e-flex e-con e-parent\" data-id=\"c770d1f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-ed2aac9 e-con-full e-flex e-con e-child\" data-id=\"ed2aac9\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-1fe52a8 e-con-full e-flex e-con e-child\" data-id=\"1fe52a8\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-f8e60c1 e-con-full e-flex e-con e-child\" data-id=\"f8e60c1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6a9da11 elementor-widget elementor-widget-heading\" data-id=\"6a9da11\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Tableau 1 : Volatilit\u00e9 des march\u00e9s touristiques \u00e9metteurs<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3e179d5 e-con-full e-flex e-con e-child\" data-id=\"3e179d5\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-09f42ab e-con-full e-flex e-con e-child\" data-id=\"09f42ab\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-44c0a8e elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"44c0a8e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Am\u00e9rique du nord<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7195fc7 e-con-full e-flex e-con e-child\" data-id=\"7195fc7\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f251e78 elementor-widget elementor-widget-heading\" data-id=\"f251e78\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">0,51<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-517eeae e-con-full e-flex e-con e-child\" data-id=\"517eeae\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-86428ed e-con-full e-flex e-con e-child\" data-id=\"86428ed\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3c159fd elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"3c159fd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">France<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e1a292b e-con-full e-flex e-con e-child\" data-id=\"e1a292b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1ac75f8 elementor-widget elementor-widget-heading\" data-id=\"1ac75f8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">0,25<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-573bd04 e-con-full e-flex e-con e-child\" data-id=\"573bd04\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-f0b7e30 e-con-full e-flex e-con e-child\" data-id=\"f0b7e30\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4bfa31d elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"4bfa31d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Pacifique<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a146c63 e-con-full e-flex e-con e-child\" data-id=\"a146c63\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8045a4d elementor-widget elementor-widget-heading\" data-id=\"8045a4d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">0,10<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0e8faf0 e-con-full e-flex e-con e-child\" data-id=\"0e8faf0\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-0b68cc7 e-con-full e-flex e-con e-child\" data-id=\"0b68cc7\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2fe49c5 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"2fe49c5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Europe (hors France)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-36dff22 e-con-full e-flex e-con e-child\" data-id=\"36dff22\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-97b4691 elementor-widget elementor-widget-heading\" data-id=\"97b4691\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">0,09<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b1da6a6 e-con-full e-flex e-con e-child\" data-id=\"b1da6a6\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-801e75c e-con-full e-flex e-con e-child\" data-id=\"801e75c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1595ca4 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"1595ca4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Asie<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7e63d3d e-con-full e-flex e-con e-child\" data-id=\"7e63d3d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c9e7634 elementor-widget elementor-widget-heading\" data-id=\"c9e7634\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">0,04<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c658fdc e-con-full e-flex e-con e-child\" data-id=\"c658fdc\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-a7b225e e-con-full e-flex e-con e-child\" data-id=\"a7b225e\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1ae615a elementor-widget elementor-widget-text-editor\" data-id=\"1ae615a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul style=\"font-weight: 400;\"><li>\u00a0\u00a0<b><strong>Le march\u00e9 am\u00e9ricain<\/strong><\/b>\u00a0<b><strong>est tr\u00e8s volatile<\/strong><\/b>\u00a0: c\u2019est une valeur offensive vers laquelle il faut accentuer la communication quand le march\u00e9 global red\u00e9marre.<\/li><li>\u00b7\u00a0 \u00a0 \u00a0\u00a0<b><strong>Le march\u00e9 fran\u00e7ais<\/strong><\/b>\u00a0<b><strong>est deux fois moins volatile que le march\u00e9 am\u00e9ricain<\/strong><\/b>, ce qui doit permettre d\u2019amortir les effets de la crise compte tenu de son volume car ce march\u00e9 devrait baisser moins que le march\u00e9 global. Il est donc important de maintenir le lien avec ce march\u00e9 aussi bien en termes de communication que de transport pendant la p\u00e9riode de crise et de \u00ab recovery \u00bb.<\/li><li>\u00b7\u00a0\u00a0\u00a0\u00a0<b><strong>Les autres march\u00e9s (Europe hors France, Pacifique, Asie) sont tr\u00e8s peu volatiles\u00a0<\/strong><\/b>: ils constituent d\u2019excellentes valeurs d\u00e9fensives sur lesquelles on devrait pouvoir compter pour att\u00e9nuer la baisse du march\u00e9 global \u00e0 condition qu\u2019ils ne soient pas contraints par les mesures ou les craintes sanitaires et les capacit\u00e9s de transport.<\/li><\/ul><p style=\"font-weight: 400;\">Ces r\u00e9sultats rejoignent ceux de Botti et al (2020) publi\u00e9s dans la revue Tourism Economics . Dans cet article, les auteurs proposent une approche de mesure \u201cmoyenne-variance\u201d pour identifier un \u201cportefeuille optimal\u201d de touristes (selon leurs provenances) pour la Polyn\u00e9sie fran\u00e7aise, \u00e0 travers les donn\u00e9es d\u2019arriv\u00e9es touristiques entre 2014 et 2017. Les auteurs simulent trois formes de d\u00e9cision optimale : risk lover (la destination cherche \u00e0 maximiser le rendement) ; risk adverse (la destination cherche \u00e0 minimiser le risque) et une situation interm\u00e9diaire.<\/p><p style=\"font-weight: 400;\">Ces r\u00e9sultats montrent que la client\u00e8le nord-am\u00e9ricaine est surrepr\u00e9sent\u00e9e dans le portefeuille de la destination (et inversement pour la client\u00e8le chinoise et europ\u00e9enne). Pour la France, la destination doit investir sur cette client\u00e8le si elle souhaite minimiser le risque et \u00e0 l\u2019inverse, le poids de cette client\u00e8le doit \u00eatre moindre si on souhaite privil\u00e9gier le rendement au d\u00e9triment du risque.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4a5bf85 e-con-full e-flex e-con e-parent\" data-id=\"4a5bf85\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-18ec1e0 elementor-widget elementor-widget-heading\" data-id=\"18ec1e0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Tableau 2 : Portefeuilles optimaux pour le tourisme en Polyn\u00e9sie fran\u00e7aise (Botti et al., 2020)<\/h2>\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-636ae68 e-con-full e-flex e-con e-child\" data-id=\"636ae68\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-10b9e87 e-con-full e-flex e-con e-child\" data-id=\"10b9e87\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3dc10d9 e-con-full e-flex e-con e-child\" data-id=\"3dc10d9\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-1e87c07 e-con-full e-flex e-con e-child\" data-id=\"1e87c07\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e70962b e-con-full e-flex e-con e-child\" data-id=\"e70962b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1d07bd5 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"1d07bd5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Real portfolio in 2017<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6617401 e-con-full e-flex e-con e-child\" data-id=\"6617401\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1740a1b elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"1740a1b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Risk adverse decision-maker<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9609874 e-con-full e-flex e-con e-child\" data-id=\"9609874\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cff5c34 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"cff5c34\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Neutral decision-maker<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-09fa30e e-con-full e-flex e-con e-child\" data-id=\"09fa30e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ef05d33 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"ef05d33\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Risk lover decision-maker<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9fc9955 e-con-full e-flex e-con e-child\" data-id=\"9fc9955\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-15ad6b6 e-con-full e-flex e-con e-child\" data-id=\"15ad6b6\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3f85ca7 elementor-widget elementor-widget-text-editor\" data-id=\"3f85ca7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Africa<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4676f16 e-con-full e-flex e-con e-child\" data-id=\"4676f16\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9f6d00e elementor-widget elementor-widget-text-editor\" data-id=\"9f6d00e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>0.21%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4fe628c e-con-full e-flex e-con e-child\" data-id=\"4fe628c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5ee2abf elementor-widget elementor-widget-text-editor\" data-id=\"5ee2abf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>0.13%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-908883c e-con-full e-flex e-con e-child\" data-id=\"908883c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-64ad0cb elementor-widget elementor-widget-text-editor\" data-id=\"64ad0cb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>0.13%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-065294f e-con-full e-flex e-con e-child\" data-id=\"065294f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5b61edf elementor-widget elementor-widget-text-editor\" data-id=\"5b61edf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>0.13%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c55a361 e-con-full e-flex e-con e-child\" data-id=\"c55a361\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-76ed1a7 e-con-full e-flex e-con e-child\" data-id=\"76ed1a7\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b03e9a0 elementor-widget elementor-widget-text-editor\" data-id=\"b03e9a0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Central America<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-34d42de e-con-full e-flex e-con e-child\" data-id=\"34d42de\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4182778 elementor-widget elementor-widget-text-editor\" data-id=\"4182778\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>0.38%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b171578 e-con-full e-flex e-con e-child\" data-id=\"b171578\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e803d23 elementor-widget elementor-widget-text-editor\" data-id=\"e803d23\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>0.30%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-25d460f e-con-full e-flex e-con e-child\" data-id=\"25d460f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-43b7d11 elementor-widget elementor-widget-text-editor\" data-id=\"43b7d11\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>0.30%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-fb7c453 e-con-full e-flex e-con e-child\" data-id=\"fb7c453\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-09299d6 elementor-widget elementor-widget-text-editor\" data-id=\"09299d6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>0.30%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-cfccda3 e-con-full e-flex e-con e-child\" data-id=\"cfccda3\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-335696d e-con-full e-flex e-con e-child\" data-id=\"335696d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-231803b elementor-widget elementor-widget-text-editor\" data-id=\"231803b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>North America<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3c18165 e-con-full e-flex e-con e-child\" data-id=\"3c18165\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5b59b88 elementor-widget elementor-widget-text-editor\" data-id=\"5b59b88\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>28.77%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-67da5a0 e-con-full e-flex e-con e-child\" data-id=\"67da5a0\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0640267 elementor-widget elementor-widget-text-editor\" data-id=\"0640267\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>15.42%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-bb91bbb e-con-full e-flex e-con e-child\" data-id=\"bb91bbb\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a3e1983 elementor-widget elementor-widget-text-editor\" data-id=\"a3e1983\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>15.42%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5f16568 e-con-full e-flex e-con e-child\" data-id=\"5f16568\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3ba4ef8 elementor-widget elementor-widget-text-editor\" data-id=\"3ba4ef8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>15.42%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-adf1a4d e-con-full e-flex e-con e-child\" data-id=\"adf1a4d\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-fc35fc1 e-con-full e-flex e-con e-child\" data-id=\"fc35fc1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1f3a729 elementor-widget elementor-widget-text-editor\" data-id=\"1f3a729\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>South America<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6b0fccf e-con-full e-flex e-con e-child\" data-id=\"6b0fccf\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8b68469 elementor-widget elementor-widget-text-editor\" data-id=\"8b68469\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>3.72%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9f7b604 e-con-full e-flex e-con e-child\" data-id=\"9f7b604\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6b5f558 elementor-widget elementor-widget-text-editor\" data-id=\"6b5f558\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>7.47%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-873888c e-con-full e-flex e-con e-child\" data-id=\"873888c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f8a20be elementor-widget elementor-widget-text-editor\" data-id=\"f8a20be\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>2.49%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a851f9a e-con-full e-flex e-con e-child\" data-id=\"a851f9a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-10e4a68 elementor-widget elementor-widget-text-editor\" data-id=\"10e4a68\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>2.49%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-230bf68 e-con-full e-flex e-con e-child\" data-id=\"230bf68\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-528b86d e-con-full e-flex e-con e-child\" data-id=\"528b86d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-38ed5e9 elementor-widget elementor-widget-text-editor\" data-id=\"38ed5e9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>China<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7d7d962 e-con-full e-flex e-con e-child\" data-id=\"7d7d962\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cf836f1 elementor-widget elementor-widget-text-editor\" data-id=\"cf836f1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>2.63%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b8d8ae1 e-con-full e-flex e-con e-child\" data-id=\"b8d8ae1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2d46c4b elementor-widget elementor-widget-text-editor\" data-id=\"2d46c4b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>11.14%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-408191a e-con-full e-flex e-con e-child\" data-id=\"408191a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cff6254 elementor-widget elementor-widget-text-editor\" data-id=\"cff6254\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>23.95%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-10d8d93 e-con-full e-flex e-con e-child\" data-id=\"10d8d93\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c8e15e2 elementor-widget elementor-widget-text-editor\" data-id=\"c8e15e2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>28.32%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-381a653 e-con-full e-flex e-con e-child\" data-id=\"381a653\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-d2510ac e-con-full e-flex e-con e-child\" data-id=\"d2510ac\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-36f2f7b elementor-widget elementor-widget-text-editor\" data-id=\"36f2f7b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Japan<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-86a834c e-con-full e-flex e-con e-child\" data-id=\"86a834c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2f7a173 elementor-widget elementor-widget-text-editor\" data-id=\"2f7a173\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>4.81%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-930ec47 e-con-full e-flex e-con e-child\" data-id=\"930ec47\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6f593fa elementor-widget elementor-widget-text-editor\" data-id=\"6f593fa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>3.85%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4608db7 e-con-full e-flex e-con e-child\" data-id=\"4608db7\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ea199d8 elementor-widget elementor-widget-text-editor\" data-id=\"ea199d8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>3.85%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ad47a00 e-con-full e-flex e-con e-child\" data-id=\"ad47a00\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-dcee373 elementor-widget elementor-widget-text-editor\" data-id=\"dcee373\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>3.85%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d848b00 e-con-full e-flex e-con e-child\" data-id=\"d848b00\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-134d4c8 e-con-full e-flex e-con e-child\" data-id=\"134d4c8\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d37eca3 elementor-widget elementor-widget-text-editor\" data-id=\"d37eca3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Europe<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-bd8e06f e-con-full e-flex e-con e-child\" data-id=\"bd8e06f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f59e6f3 elementor-widget elementor-widget-text-editor\" data-id=\"f59e6f3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>4.81%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3a100ae e-con-full e-flex e-con e-child\" data-id=\"3a100ae\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-dc23d62 elementor-widget elementor-widget-text-editor\" data-id=\"dc23d62\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>12.27%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5272bd6 e-con-full e-flex e-con e-child\" data-id=\"5272bd6\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-47d1619 elementor-widget elementor-widget-text-editor\" data-id=\"47d1619\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>12.27%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d008ab8 e-con-full e-flex e-con e-child\" data-id=\"d008ab8\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f5bf94c elementor-widget elementor-widget-text-editor\" data-id=\"f5bf94c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>12.27%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-814bbcd e-con-full e-flex e-con e-child\" data-id=\"814bbcd\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-1b64e87 e-con-full e-flex e-con e-child\" data-id=\"1b64e87\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0824092 elementor-widget elementor-widget-text-editor\" data-id=\"0824092\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>France<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-05e3862 e-con-full e-flex e-con e-child\" data-id=\"05e3862\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c4697d9 elementor-widget elementor-widget-text-editor\" data-id=\"c4697d9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>33.69%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a41cbcc e-con-full e-flex e-con e-child\" data-id=\"a41cbcc\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-842d67c elementor-widget elementor-widget-text-editor\" data-id=\"842d67c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>42.99%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0ed8185 e-con-full e-flex e-con e-child\" data-id=\"0ed8185\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-027c071 elementor-widget elementor-widget-text-editor\" data-id=\"027c071\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>35.16%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-75abb0f e-con-full e-flex e-con e-child\" data-id=\"75abb0f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f7e201c elementor-widget elementor-widget-text-editor\" data-id=\"f7e201c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>30.80%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f716085 e-con-full e-flex e-con e-child\" data-id=\"f716085\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-d0b765e e-con-full e-flex e-con e-child\" data-id=\"d0b765e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-26ac400 elementor-widget elementor-widget-text-editor\" data-id=\"26ac400\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Total Pacific<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-70bded0 e-con-full e-flex e-con e-child\" data-id=\"70bded0\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9393159 elementor-widget elementor-widget-text-editor\" data-id=\"9393159\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>10.16%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-81785ba e-con-full e-flex e-con e-child\" data-id=\"81785ba\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-961b0c6 elementor-widget elementor-widget-text-editor\" data-id=\"961b0c6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>6.33%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0799f22 e-con-full e-flex e-con e-child\" data-id=\"0799f22\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e74532e elementor-widget elementor-widget-text-editor\" data-id=\"e74532e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>6.33%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f2591a2 e-con-full e-flex e-con e-child\" data-id=\"f2591a2\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2ea0d77 elementor-widget elementor-widget-text-editor\" data-id=\"2ea0d77\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>6.33%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ffdfed2 e-con-full e-flex e-con e-child\" data-id=\"ffdfed2\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-0f93507 e-con-full e-flex e-con e-child\" data-id=\"0f93507\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-201035a elementor-widget elementor-widget-text-editor\" data-id=\"201035a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Middle East<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2baa5e0 e-con-full e-flex e-con e-child\" data-id=\"2baa5e0\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-571fe6b elementor-widget elementor-widget-text-editor\" data-id=\"571fe6b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>0.28%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c24f217 e-con-full e-flex e-con e-child\" data-id=\"c24f217\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0317912 elementor-widget elementor-widget-text-editor\" data-id=\"0317912\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>0.09%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ee20265 e-con-full e-flex e-con e-child\" data-id=\"ee20265\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4ad4db4 elementor-widget elementor-widget-text-editor\" data-id=\"4ad4db4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>0.09%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8933065 e-con-full e-flex e-con e-child\" data-id=\"8933065\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a00f9ec elementor-widget elementor-widget-text-editor\" data-id=\"a00f9ec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>0.09%<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8b42f29 e-con-full e-flex e-con e-child\" data-id=\"8b42f29\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-f7f6c2f e-con-full e-flex e-con e-child\" data-id=\"f7f6c2f\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-00aa40f elementor-widget elementor-widget-text-editor\" data-id=\"00aa40f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Par cons\u00e9quent, on comprend qu\u2019en p\u00e9riode actuelle o\u00f9 nous avons stopp\u00e9 les flux touristiques, pour un red\u00e9marrage non risqu\u00e9 financi\u00e8rement, la client\u00e8le fran\u00e7aise (mais aussi europ\u00e9enne et chinoise) est \u00e0 privil\u00e9gier.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4760f5c e-con-full e-flex e-con e-child\" data-id=\"4760f5c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-ff142c0 e-con-full e-flex e-con e-child\" data-id=\"ff142c0\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ed5423d elementor-widget elementor-widget-heading\" data-id=\"ed5423d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Pourquoi les touristes viennent-ils ?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-32e84b1 elementor-widget elementor-widget-text-editor\" data-id=\"32e84b1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"font-weight: 400;\">Afin de comprendre pourquoi les touristes internationaux viennent dans une destination (et en Polyn\u00e9sie fran\u00e7aise notamment), on peut s\u2019aider de plusieurs travaux sur les mod\u00e8les dits \u201cgravitaires\u201d. Ces mod\u00e8les reposent sur une conception proche de la loi de gravitation de Newton selon laquelle l\u2019attraction entre deux corps (plan\u00e8tes) est proportionnelle \u00e0 leurs masses et inversement proportionnelle \u00e0 la distance les s\u00e9parant. Les \u00e9conomistes ont \u00e9labor\u00e9 des mod\u00e8les de gravit\u00e9 pour le commerce international, puis pour le tourisme, afin de mesurer les effets sur les flux touristiques des variables suivantes, entre autres :<\/p><ul><li style=\"font-weight: 400;\">Les niveaux de PIB des march\u00e9s \u00e9metteurs et de la destination (c\u2019est-\u00e0-dire, les poids \u00e9conomiques qui engendrent la demande et l\u2019offre de services touristiques)<\/li><li style=\"font-weight: 400;\">Le \u201cprix relatif de la destination\u201d (c\u2019est-\u00e0-dire la diff\u00e9rence du co\u00fbt de la vie entre les destinations, dont le taux de change est un \u00e9l\u00e9ment important)<\/li><li style=\"font-weight: 400;\">La distance entre la destination et le march\u00e9 \u00e9metteur<\/li><\/ul><p style=\"font-weight: 400;\">De cette mani\u00e8re, on comprend bien pourquoi les touristes am\u00e9ricains sont si nombreux en Polyn\u00e9sie fran\u00e7aise (PIB \u00e9lev\u00e9 et une distance relative plut\u00f4t faible). De plus, le poids des touristes europ\u00e9ens peut aussi se comprendre gr\u00e2ce \u00e0 la stabilit\u00e9 du taux de change entre l\u2019euro et le franc CFP. Mais ces variables ne nous permettent pas de comprendre pourquoi le poids des touristes australien, n\u00e9o-z\u00e9landais, japonais est si faible et \u00e0 l\u2019inverse pourquoi le poids des touristes fran\u00e7ais est si \u00e9lev\u00e9. Deux travaux r\u00e9cents (Dropsy et al., 2020 et Petit et Seetaram, 2019) aident \u00e0 comprendre ce fait. La premi\u00e8re \u00e9tude a montr\u00e9 que l\u2019isolement de certaines destinations insulaires telles que la n\u00f4tre est un facteur aggravant, mais qui peut \u00eatre en partie contrebalanc\u00e9 par la proximit\u00e9 linguistique et institutionnelle entre la destination et le march\u00e9 \u00e9metteur. La seconde \u00e9tude, sans faire la distinction entre les \u00e9conomies insulaires et continentales, montrent que les liens linguistiques, historiques et culturels sont des leviers de demande touristique tout aussi important que les \u00e9l\u00e9ments \u201cclassiques\u201d (PIB, prix, distance). De cette mani\u00e8re, on s\u2019aper\u00e7oit donc bien que les touristes fran\u00e7ais sont tr\u00e8s importants pour la destination. Certes, ce march\u00e9 \u00e9metteur est tr\u00e8s \u00e9loign\u00e9 mais le taux de change fixe, la proximit\u00e9 linguistique, historique et institutionnelle sont des \u00e9l\u00e9ments d\u00e9terminants et assurant une demande stable et forte. Il s\u2019agit d\u2019une demande plus captive et simple \u00e0 attirer. Et comme nous l\u2019expliquions plus haut, il s\u2019agit d\u2019une client\u00e8le peu risqu\u00e9e, ce qui d\u00e9montre bien que dans la phase de red\u00e9marrage touristique, il s\u2019agira d\u2019une client\u00e8le \u00e0 privil\u00e9gier tr\u00e8s fortement en termes de campagne marketing. Si la client\u00e8le am\u00e9ricaine est vitale pour le secteur h\u00f4telier, il faut bien comprendre que cette demande sera instable et que de nombreuses opportunit\u00e9s sont \u00e0 prendre sur les march\u00e9s chinois et europ\u00e9ens.<\/p><p><i>* Les opinions exprim\u00e9es dans cet article n\u2019engagent que leur(s) auteur(s) et ne correspondent pas n\u00e9cessairement \u00e0 celles de l\u2019UPF ou du CETOP.<\/i><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Actualit\u00e9s La Polyn\u00e9sie fran\u00e7aise doit envisager de nouvelles approches pour relancer le tourisme. Si le tourisme interne est mis en avant, cette forme de tourisme ne suffira pas, la strat\u00e9gie devra prendre en compte une ouverture \u00e0 l\u2019international. FOCUS : L\u2019optimisation du portefeuille de march\u00e9s touristiques \u00e9metteurs pour la Polyn\u00e9sie fran\u00e7aise Yann Otcenasek, doctorant en [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20,13],"tags":[],"class_list":["post-3089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-actualites","category-actualites-publications-recentes"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/test-cetop.upf.pf\/index.php?rest_route=\/wp\/v2\/posts\/3089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/test-cetop.upf.pf\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/test-cetop.upf.pf\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/test-cetop.upf.pf\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/test-cetop.upf.pf\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3089"}],"version-history":[{"count":13,"href":"https:\/\/test-cetop.upf.pf\/index.php?rest_route=\/wp\/v2\/posts\/3089\/revisions"}],"predecessor-version":[{"id":4279,"href":"https:\/\/test-cetop.upf.pf\/index.php?rest_route=\/wp\/v2\/posts\/3089\/revisions\/4279"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/test-cetop.upf.pf\/index.php?rest_route=\/wp\/v2\/media\/3092"}],"wp:attachment":[{"href":"https:\/\/test-cetop.upf.pf\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/test-cetop.upf.pf\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/test-cetop.upf.pf\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}