{"title":"Tourism demand for Malaysia: Further evidence from panel approaches","authors":"Ching-Yi Tan, Siew-Voon Soon","doi":"10.1016/j.apmrv.2022.12.006","DOIUrl":null,"url":null,"abstract":"<div><p>This study investigates the influence of price factors on tourist visits to Malaysia from 21 countries. The study samples chosen in this study are between 2000 and 2019, before the COVID-19 outbreak. Panel approaches are utilized on five regions. The results show that the tourism demand from Asian countries has a positive impact on tour prices and income, but these variables negatively affect the tourism demand from ASEAN and western countries. Most tourists in the regions choose Singapore and Indonesia as substitute destinations, while Thailand is a complementary destination for Malaysia's tourism industry. The findings are invariant among the regions. However, traveling costs do not reduce the tourism demand; hence, this factor is negligible for Malaysia. In addition, the tourism demand from ASEAN countries increases with a depreciation in Ringgit Malaysia, but the effect is the opposite for China, Asia, and western countries. The overall findings show that different regions react differently to price factors.</p></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"28 4","pages":"Pages 459-469"},"PeriodicalIF":5.5000,"publicationDate":"2023-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"4","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Asia Pacific Management Review","FirstCategoryId":"1085","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1029313222000768","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"MANAGEMENT","Score":null,"Total":0}
引用次数: 4
Abstract
This study investigates the influence of price factors on tourist visits to Malaysia from 21 countries. The study samples chosen in this study are between 2000 and 2019, before the COVID-19 outbreak. Panel approaches are utilized on five regions. The results show that the tourism demand from Asian countries has a positive impact on tour prices and income, but these variables negatively affect the tourism demand from ASEAN and western countries. Most tourists in the regions choose Singapore and Indonesia as substitute destinations, while Thailand is a complementary destination for Malaysia's tourism industry. The findings are invariant among the regions. However, traveling costs do not reduce the tourism demand; hence, this factor is negligible for Malaysia. In addition, the tourism demand from ASEAN countries increases with a depreciation in Ringgit Malaysia, but the effect is the opposite for China, Asia, and western countries. The overall findings show that different regions react differently to price factors.
期刊介绍：
Asia Pacific Management Review (APMR), peer-reviewed and published quarterly, pursues to publish original and high quality research articles and notes that contribute to build empirical and theoretical understanding for concerning strategy and management aspects in business and activities. Meanwhile, we also seek to publish short communications and opinions addressing issues of current concern to managers in regards to within and between the Asia-Pacific region. The covered domains but not limited to, such as accounting, finance, marketing, decision analysis and operation management, human resource management, information management, international business management, logistic and supply chain management, quantitative and research methods, strategic and business management, and tourism management, are suitable for publication in the APMR.
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