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

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 i...

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Detalles Bibliográficos
Autores principales: Kim, Jewoo, Lee, Choong-Ki
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Ltd. 2017
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7185866/
http://dx.doi.org/10.1016/j.jdmm.2016.03.002
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author Kim, Jewoo
Lee, Choong-Ki
author_facet Kim, Jewoo
Lee, Choong-Ki
author_sort Kim, Jewoo
collection PubMed
description 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.
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spelling pubmed-71858662020-04-28 Role of tourism price in attracting international tourists: The case of Japanese inbound tourism from South Korea Kim, Jewoo Lee, Choong-Ki Journal of Destination Marketing & Management Article 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. Elsevier Ltd. 2017-03 2016-04-07 /pmc/articles/PMC7185866/ http://dx.doi.org/10.1016/j.jdmm.2016.03.002 Text en © 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.
spellingShingle Article
Kim, Jewoo
Lee, Choong-Ki
Role of tourism price in attracting international tourists: The case of Japanese inbound tourism from South Korea
title Role of tourism price in attracting international tourists: The case of Japanese inbound tourism from South Korea
title_full Role of tourism price in attracting international tourists: The case of Japanese inbound tourism from South Korea
title_fullStr Role of tourism price in attracting international tourists: The case of Japanese inbound tourism from South Korea
title_full_unstemmed Role of tourism price in attracting international tourists: The case of Japanese inbound tourism from South Korea
title_short Role of tourism price in attracting international tourists: The case of Japanese inbound tourism from South Korea
title_sort role of tourism price in attracting international tourists: the case of japanese inbound tourism from south korea
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7185866/
http://dx.doi.org/10.1016/j.jdmm.2016.03.002
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