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

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          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.

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          Most cited references 59

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          Forecasting tourism demand: A review of empirical research

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            Destination Competitiveness: Determinants and Indicators

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              Tourism demand modelling and forecasting—A review of recent research

               Gang Li,  Haiyan Song (2008)
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                Author and article information

                Contributors
                Journal
                Journal of Destination Marketing & Management
                Elsevier Ltd.
                2212-571X
                2212-571X
                7 April 2016
                March 2017
                7 April 2016
                : 6
                : 1
                : 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
                S2212-571X(16)30006-3
                10.1016/j.jdmm.2016.03.002
                7185866
                © 2016 Elsevier Ltd. All rights reserved.

                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.

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