Economic crisis and tourism expenditure cutback decision
Economic crisis and tourism expenditure cutback decision
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DOI:
10.1016/j.annals.2013.08.013
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发表时间:
2014-01-01
影响因子:
13.2
通讯作者:
Campos-Soria, Juan A.
中科院分区:
文献类型:
--
作者:
Eugenio-Martin, Juan L.;Campos-Soria, Juan A.
Tourists from different European regions have reacted heterogeneously during the Global Economic Crisis. Such variability is due to different preferences and willingness to pay for tourism. This paper explores the underpinnings behind such hetefogeneity. Regional variables and household socioeconomic variables are gathered to understand tourists' expenditure cutback decision. Since the cutback decision is not independent of the destination choice, a Simultaneous Semi-Ordered Bivariate Probit model is specified, which deals with the simultaneous estimation of both decisions and endogeneity. Post-estimation results are based on GIS, contours and non-parametric analysis. They prove that during an economic crisis, tourists' cutback decisions on tourism expenditure depend on climate conditions of the place of origin, GDP and GDP growth. (C) 2013 Elsevier Ltd. All rights reserved.