For Publishers
DiscoveryMetadataPeer reviewHostingPublishing
For Researchers
JoinPublishReviewCollect
Register
Blog
About
Search
Advanced search
My ScienceOpen
Search
For Publishers
For Researchers
Blog
About
38
views
57
references
 Top references
cited by
2
    
0 reviews
 Review
0
comments
 Comment
0
recommends
+1 Recommend
0 collections
    0
    shares
      124
      similar
       All similar
      • Record: found
      • Abstract: found
      • Article: not found

      Role of tourism price in attracting international tourists: The case of Japanese inbound tourism from South Korea

      research-article

      Read this article at

      ScienceOpenPublisherPMC
      Bookmark
          There is no author summary for this article yet. Authors can add summaries to their articles on ScienceOpen to make them more accessible to a non-specialist audience.

          Abstract

          Tourism price has been extensively used to predict tourism demand. However, there is no agreement on the proper indicators of its components. Use of different price indicators may be the reason for researchers’ apparently inconsistent results. The purpose of this study was to identify proper price indicators for the demand model of Japanese inbound tourism from South Korea. After comparing six models, each with different price indicators, the model with relative price and exchange rate but without transport cost was identified as the best model in which relative price, exchange rate, and per capita income were found to be significant.

          Highlights

          • •

            The effect of tourism price variables on inbound tourism demand is examined.

          • •

            Exchange rates and relative prices separately lead to increase in tourist arrivals.

          • •

            Both proxy variables for transport cost appear to have no influence on tourism.

          • •

            Price competitiveness can contribute to stimulating international tourism demand.

          • •

            Government policy should be developed considering its impact on tourism prices.

          Related collections

          Most cited references57

          • Record: found
          • Abstract: not found
          • Article: not found

          Tourism demand modelling and forecasting—A review of recent research

          Gang Li, Haiyan Song (2008)
          Article 0 comments Cited 172 times – based on 0 reviews     Review now
            Bookmark
            • Record: found
            • Abstract: not found
            • Article: not found

            Forecasting tourism demand: A review of empirical research

            Stephen F. Witt, Christine Witt (1995)
            Article 0 comments Cited 114 times – based on 0 reviews     Review now
              Bookmark
              • Record: found
              • Abstract: found
              • Article: not found

              The impact of crisis events and macroeconomic activity on Taiwan's international inbound tourism demand

              Yu-Shan Wang (2008)
              The number of inbound tourism arrivals directly impacts the tourism industry and the government agency investments therein. Therefore, policymakers need to improve their understanding of how crisis events affect the demand for inbound tourism. From the first quarter of 1996 to the second quarter of 2006, Taiwan experienced four major disasters at approximately two-year intervals. These disasters included the Asian financial crisis in 1997, the 21st September 1999 earthquake, the 11th September 2001 attacks in the United States, and the outbreak of SARS in 2003. This paper examines the impact of crisis events on the demand for tourism in order to establish a better understanding of changes and trends in the demand for international tourism. This paper uses the auto-regression distributed lag model by Pesaran, Shin, and Smith [Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds testing approaches to the analysis of long-run relationship. Journal of Applied Econometrics, 16, 289–326] to examine the negative impact of these disasters on the demand for inbound tourism. This paper also explores the influence of variables, such as foreign exchange rates, incomes, relative prices, and transportation costs, on the dynamics of the demand for inbound tourism. This paper finds that a long-term equilibrium exists among all variables, indicating that macroeconomic variables may be used to determine the rise or fall of the number of inbound tourism arrivals. Income and foreign exchange rates are both significant explanatory variables. In terms of incurred losses, the number of inbound tourism arrivals suffered the greatest decline during the outbreak of severe acute respiratory syndrome (SARS), followed by the 21st September 1999 earthquake and the 11th September 2001 attacks. The impact of the Asian financial crisis was relatively mild. This paper finds that any impact on safety, whether domestic or international, negatively affects tourism demand. The impact of financial crises on tourism demand is less significant. Ensuring the safety and health of tourists is the key to maintain demand for inbound tourism.
              Article 0 comments Cited 76 times – based on 0 reviews     Review now
                Bookmark
                All references

                Author and article information

                Contributors
                Jewoo Kim
                Choong-Ki Lee
                Journal
                Title: Journal of Destination Marketing & Management
                Publisher: Elsevier Ltd.
                ISSN (Print): 2212-571X
                ISSN (Electronic): 2212-571X
                Publication date PMC-release: 7 April 2016
                Publication date (Print): March 2017
                Publication date (Electronic): 7 April 2016
                Volume: 6
                Issue: 1
                Pages: 76-83
                Affiliations
                [a ]Apparel, Events and Hospitality Management, Iowa State University, Ames, IA, USA
                [b ]Department of Tourism, Kyung Hee University, 1 Hoegi-dong, Dongdaemun-gu, Seoul 130-70, South Korea
                Author notes
                Article
                Publisher ID: S2212-571X(16)30006-3
                DOI: 10.1016/j.jdmm.2016.03.002
                PMC ID: 7185866
                SO-VID: 0b4a5cbb-d4b4-41a9-9e4d-61de640a1382
                Copyright © © 2016 Elsevier Ltd. All rights reserved.
                License:

                Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.

                History
                Date received : 25 November 2015
                Date revision received : 7 February 2016
                Date accepted : 13 March 2016
                Categories
                Subject: Article

                Keywords: tourism demand,demand models,price variables,transport cost,japan
                Data availability:
                Keywords: tourism demand, demand models, price variables, transport cost, japan

                Comments

                Comment on this article

                scite_

                Similar content124

                See all similar

                Cited by2

                See all cited by

                Most referenced authors310

                See all reference authors