Sustainable development in tourism municipalities: The role of public goods

It is usually argued that, since many of the inputs used in the production function of private firms in tourism municipalities are depletable, unsustainability looms over the horizons of tourism jurisdictions. However, this reasoning forgets that public goods are an important part of tourism products. Since public goods are nonrival (and hence nondepletable), a way out of the apparent unsustainability might exist. By considering well-established growth models, this paper argues that a correct supply of public goods may contribute to achieve sustainable development throughout time in tourism municipalities.     

The contributions of economics to hospitality literature: A content analysis of hospitality and tourism journals

This paper aimed to develop a concrete understanding of economics topics and methodologies that have been applied to hospitality research and to suggest areas for further research. Content analysis of 292 full-length articles was performed. The results showed that the contributions of economics to hospitality literature were largely empirical and microeconomics-related. Most of the research topics focused on market analysis, which involves demand and supply modelling and price determinants, followed by performance analysis, involving efficiency and productivity studies. Limited contributions of macroeconomic topics to hospitality were determined, highlighting the lack of studies on the impact of government or public policies on the hospitality industry. Moreover, the application of game theory to market structures was found to be limited, creating a vacuum in terms of understanding the competitive and cooperative behaviours of hospitality firms. As a contribution to the literature, the study provides suggestions for future research.     

The segmentation of canary island tourism markets by expenditure: implications for tourism policy

The Canary Islands have an indisputable comparative and competitive edge within the European Union as regards their tourism products. The present study takes a segmented market approach to study the Canary Islands tourism market, featuring a range of tourism products, each of which satisfies to a greater or lesser extent the needs of one segment of demand. It has two objectives: firstly, to ascertain which segments of demand are currently acquired at destination and secondly, to identify within these segments the niches associated with the highest expenditure. This will enable us to draw up guideliness for a regional policy on product innovation that focuses on these niches and thus generates higher levels of local development.     

Demand elasticities of tourism in Singapore

In 1983 the UN Economic and Social Commission for Asia and the Pacific set up a study to investigate the relationship between prices of tourist goods and tourist inflow in Singapore. The analysis was carried out on a “world” level using amalgamated data for 15 nations, also individually for each of the five major tourist-generating countries. Determinants of demand considered were - income, exchange rates, shopping and hotel prices, and local disturbances. Tourism demand is found to be highly income elastic whereas effects of prices and exchange rate movements vary between countries. Two out of three disturbance factors significantly reduced demand.     

Optimal targeting of latent tourism demand segments

This paper identifies for the first time the optimal target markets employing the latent tourism demand expenditure, a novel concept in tourism literature. The study quantifies latent tourism demand between each pair of origin-destination through distinguishing by type of tourism and seasonality. It works with market shares that are estimated via a fractional regression model. Moreover, latent demand is clustered using a market segmentation approach based on a latent class regression. Finally, the optimal target markets are chosen depending on the expected latent tourism expenditure. The result has clear policy implications in terms of which markets are promoted, the optimal channels of communication and the maximum budget for each marketing campaign.     

An analysis on the emotional approach to segmentation: A study of yoga tourism

The purpose of this study is to empirically identify the pattern of tourists’ emotional responses to profile tourists and investigate their relationships with destination image and behavioral intentions in yoga tourism. Structured questionnaires were used to collect data from 395 tourists visiting Rishikesh, India. Cluster analysis uncovers three distinct clusters based on the pattern of tourists’ emotions: ecstatic, passionate, and unemotional. Multiple discriminant analysis confirms the validity of three clusters solution. The three yoga tourist clusters differ by their perception of destination image and behavioral intentions. Findings offer important implications for scholars and marketers to better serve this niche market.     

Segmentation by motivation for rural tourism activities in The Gambia

In The Gambia, as in many other African countries, rural areas rarely profit from the turnover earned in the country's tourism sector. In academic and political literature, however, rural tourism is frequently identified as a diversification strategy that may trigger local economic development in remote communities. To promote rural tourism development, further knowledge is required to understand why tourists are motivated to engage in distinct tourism market segments. In this study, survey data was collected from 450 tourists in The Gambia using a self-administered questionnaire. The questionnaire was constructed to identify the key characteristics and motivations of tourists so that the significant market segments could be categorized and the (latent) tourist demand for rural tourism activities could be gauged. This study identified four distinct segments of tourists in The Gambia: heritage & nature seekers, multi-experiences seekers, multi-experiences & beach seekers, and sun & beach seekers. Drawing on our key findings, we conclude by identifying a development path that could diversify Gambia's tourism sector. The development path would also include event-based rural tourism initiatives that align with the motivations of the identified market segments and may additionally benefit rural communities by reducing economic leakage rates.     

A panel data-based analysis of factors influencing market demand for Chinese outbound tourism

This paper presents data on the top 50 outbound destinations for Chinese tourists from 2002 to 2013. The total number of Chinese tourists traveling to these 50 destinations accounts for 95.38% of outbound travelers from China. We built a dynamic panel data model to measure factors that influence market demand for Chinese outbound tourism. The results show that economic variables such as income, tourism prices, and exchange rates have a significant influence on outbound tourism volume. The effect of bilateral goods trade and leisure time significantly differ between the full sample and the two subsamples, whereas political stability of the destinations and special incidents in China have no significant impact on demand for outbound tourism. Based on these findings, this study proposes strategies to strengthen the management of China’s outbound tourism market.     

Examining the efficacy of self-classification approach in segmenting special-interest tourists: food tourism case

Self-classification is used as an a priori approach to tourist typology and market segmentation. However, skepticism still surrounds its ability to incorporate the multidimensionality of tourist behavior. This study seeks to empirically verify the efficacy of a single-item self-classification approach. The robustness of this self-classification measure is examined by comparing it to a data-driven multidimensional psychographic approach in terms of its ability to predict the behaviors of tourists toward food-related destination consumption. Results suggest that the single-item self-classification approach performs equally well as the psychographic approach in segmenting food-related consumption behaviors. The implications and limitations of this study are also discussed.     

经济型酒店的产品创新与市场细分

经济型酒店经过快速扩张,已经形成了稳定的品牌个性和相对完善的网络建设,但是随着竞争的加剧,未来市场分化是必然趋势.以产品差异化为动力的经济型酒店的专营化发展可以避免同质化带来的价格竞争,并且将不同消费者的潜在需求转化为现实需求,从而形成细化的专业市场,使得经济型酒店产品形态更加丰富,市场发育更为成熟.     

Segmenting global tourism markets: A panel club convergence approach

This study adopts an advanced panel club convergence approach to analyzing global tourism market segmentation. We empirically examine the convergence process of Turkish global tourism source markets over the period of 2001–2015, covering 81 markets. We further employ a recently developed procedure to test for structural breaks in our data. Three groups of breakpoint-homogenous countries are identified. We then examine within-group club formation and reveal a number of convergence clubs (or segments). The results show the importance of Asian source markets in the post-break periods. This study illustrates the application of structural break and club convergence analysis for segmenting global tourism markets, and generates important implications for tourism organizations to develop global marketing strategies.     

The effects of the military in politics on the inbound tourism: evidence from Turkey

In this paper, we analyze the effects of the military in politics on the number of tourist inflows from 71 countries to Turkey for the period from 1984 to 2014. We use the fixed-effects and the random-effects as well as the dynamic generalized methods of moments estimations. We find that a lower level of the relative military in politics (the difference between the source country and Turkey) positively affects the tourism inflows to Turkey. Specifically, one standard deviation reduction in the index of the relative military intervention in politics in Turkey leads to almost 7% increase in the tourism inflows.     

Econometric forecasts of tourism demand to 2005

A complete system of demand equations which was developed previously to generate forecasts of tourism imports and exports is modified to allow for destination-specific demand structures in the tourism export functions. The new model is shown to be considerably more realistic than the original one, and represents a major conceptual improvement. Furthermore, the modified complete system of demand equations yields more accurate outof-sample forecasts, across both varying time horizons and types of forecast. The new model is used to generate forecasts of tourism imports and exports for 18 countries and various major geographical areas, including the recently expanded European Union, for the period up to 2005 for different scenarios.     

The economic organization of tourism

This paper argues that it is inappropriate to portray tourism organisation as involving the coordination of firms producing conventional well-defined commodities with marginally differentiated technologies as in a conventional industry. A number of alternative theories of corporate and industrial organization are contrasted with respect to their applicability to the imperfectly specified tourism commodity. A perspective on firms and industry which emphasizes the coordination of changing technological and marketing competencies through network relationships is believed to be particularly suitable to represent the tourism learning system and to provide an alternative outlook on tourism industry, coordination and organizational structures.     

The economics and implications of moratoria on tourism accommodation development as a rejuvenation tool in mature tourism destinations

This paper fills a literature gap on the economic rationale and implications of moratoria on accommodation development in mature tourism destinations. Moratoria are government-led capacity controls, which reduce market competition and seek to create economic rents. The paper provides a comprehensive set of economic foundations justifying the enactment of moratoria in situations characterised by over-capacity, low profitability, little innovation, environmental damage, strategic behaviour and sectoral imbalances. It notes that the implementation of these controls could be related to regulatory capture, rent seeking and clientelism. While capacity controls can restrain tourism over-expansion and can help fix some of its undesirable consequences, they may lead to multiple and varied unforeseen effects on the rejuvenation process and on the rest of the economy, issues also addressed in the paper. Moratoria relate to the concept of de-growth, which is a highly contested area of discussion. A moratorium does not ensure renovation of private and public capital or maintain the natural environment. It may give rise to detrimental strategies by firms, opening up room for corruption. To be effective, a moratorium must be accompanied by complementary policies, besides being coherently embodied in a broader tourism and regional rejuvenation strategy.     

The length of stay in the demand for tourism

One of the main characteristics of current tourism is the reduction in the length of stay at a destination. Nevertheless, this variable has received little attention in literature. This paper examines the microeconomic determinants of the length of stay at one of the Mediterranean's leading sun-and-sand destinations. The estimation of a conditional demand function model highlights the explanatory power of the tourist's sociodemographic profile and of holiday characteristics, as well as the sensitivity of the length of stay to price changes.     

The impacts of international tourism demand on economic growth of small economies dependent on tourism

This paper studies the impacts on economic growth of a small tourism-driven economy caused by an increase in the growth rate of international tourism demand. We present a formal model and empirical evidence. The ingredients of the dynamic model are a large population of intertemporally optimizing agents and an AK technology representing tourism production. The model shows that an increase in the growth of tourism demand leads to transitional dynamics with gradually increasing economic growth and increasing terms of trade. In our empirical application, an econometric methodology is applied to annual data of Antigua and Barbuda from 1970 to 2008. We perform a cointegration analysis to look for the existence of a long-run relationship among variables of economic growth, international tourism earnings and the real exchange rate. The exercise confirms the theoretical findings.     

A segmentation analysis of resident attitudes to the social impact of tourism

There is increasing evidence that costs and benefits from tourism do not accrue equally to residents of destination areas despite implicit assumptions to this effect by tourism development bodies. Research into the explanation of resident attitudes towards tourism has been hampered partly by the lack of adequate statistical tools. The applicability of a segmentation procedure to this problem is discussed and examples are given of explanatory models of resident attitudes towards tourism's social impact. Significant differences in resident attitudes are identified and related to personal and locational characteristics, with tourist contact, length of residence, age and language being major explanatory variables. It is argued that such differences should be given greater consideration by public and private tourism development agencies.     

The employment and economic effects of tourism reappraised

Four arguments frequently employed in the support of tourism are examined to assess the extent to which they can be verified. These are the part of tourism in the growth of the service sector, the multiplier, employment generation and local authority rate generation. These are all important facets of tourism, but it is argued that, in the UK, the benefits claimed often exceed the evidence or the authority of public sector agencies to create them.