Expenditure decisions of international tourists to Taiwan: application of the Heckman two-stage approach
Based on a large sample of 30,945 international tourists to Taiwan from 2016 to 2021, this study examines how these tourists make expenditure decisions in Tawan. Simultaneously, we consider various determinants such as travel characteristics, individual characteristics, and satisfaction levels, and...
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2024-12-01
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| Series: | Cogent Social Sciences |
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| Online Access: | https://www.tandfonline.com/doi/10.1080/23311886.2024.2318870 |
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| author | Kieu-Thi Phan Sheng-Hung Chen Jie-Min Lee Ca-Van Pham |
| author_facet | Kieu-Thi Phan Sheng-Hung Chen Jie-Min Lee Ca-Van Pham |
| author_sort | Kieu-Thi Phan |
| collection | DOAJ |
| description | Based on a large sample of 30,945 international tourists to Taiwan from 2016 to 2021, this study examines how these tourists make expenditure decisions in Tawan. Simultaneously, we consider various determinants such as travel characteristics, individual characteristics, and satisfaction levels, and the COVID-19 pandemic influence tourists’ decisions regarding their expenditures on accommodation, food, transportation, shopping, and other expenses. Employing a two-stage Heckman approach, the study finds that satisfaction positively affects spending in various categories, highlighting the importance of enhancing visitor satisfaction. Tourists traveling shorter distances allocate more to accommodation, food, and shopping, while repeat visitors prioritize transportation, accommodation, and shopping. Longer stays result in higher transportation and other expenses, while shorter stays lead to increased spending on accommodation, food, and shopping. Gender, age, education, and income levels also influence spending patterns. Moreover, the COVID-19 pandemic disrupted spending, reducing accommodation and transportation expenses but increasing food and shopping spending as tourists adapted to new standards. |
| format | Article |
| id | doaj-art-18e914a855a34b9b8dbc66a6d6d72be2 |
| institution | Kabale University |
| issn | 2331-1886 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Social Sciences |
| spelling | doaj-art-18e914a855a34b9b8dbc66a6d6d72be22025-08-20T03:44:07ZengTaylor & Francis GroupCogent Social Sciences2331-18862024-12-0110110.1080/23311886.2024.2318870Expenditure decisions of international tourists to Taiwan: application of the Heckman two-stage approachKieu-Thi Phan0Sheng-Hung Chen1Jie-Min Lee2Ca-Van Pham3Department of International Business, National Kaohsiung University of Science and Technology, Kaohsiung, TaiwanDepartment of International Business, National Kaohsiung University of Science and Technology, Kaohsiung, TaiwanDepartment of Shipping and Transportation Management, National Kaohsiung University of Science and Technology, Kaohsiung, TaiwanSchool of Economics and Law, Tra Vinh University, Tra Vinh, VietnamBased on a large sample of 30,945 international tourists to Taiwan from 2016 to 2021, this study examines how these tourists make expenditure decisions in Tawan. Simultaneously, we consider various determinants such as travel characteristics, individual characteristics, and satisfaction levels, and the COVID-19 pandemic influence tourists’ decisions regarding their expenditures on accommodation, food, transportation, shopping, and other expenses. Employing a two-stage Heckman approach, the study finds that satisfaction positively affects spending in various categories, highlighting the importance of enhancing visitor satisfaction. Tourists traveling shorter distances allocate more to accommodation, food, and shopping, while repeat visitors prioritize transportation, accommodation, and shopping. Longer stays result in higher transportation and other expenses, while shorter stays lead to increased spending on accommodation, food, and shopping. Gender, age, education, and income levels also influence spending patterns. Moreover, the COVID-19 pandemic disrupted spending, reducing accommodation and transportation expenses but increasing food and shopping spending as tourists adapted to new standards.https://www.tandfonline.com/doi/10.1080/23311886.2024.2318870Touristexpendituredecisiontravel characteristicsocioeconomic characteristicheckman two-stage |
| spellingShingle | Kieu-Thi Phan Sheng-Hung Chen Jie-Min Lee Ca-Van Pham Expenditure decisions of international tourists to Taiwan: application of the Heckman two-stage approach Cogent Social Sciences Tourist expenditure decision travel characteristic socioeconomic characteristic heckman two-stage |
| title | Expenditure decisions of international tourists to Taiwan: application of the Heckman two-stage approach |
| title_full | Expenditure decisions of international tourists to Taiwan: application of the Heckman two-stage approach |
| title_fullStr | Expenditure decisions of international tourists to Taiwan: application of the Heckman two-stage approach |
| title_full_unstemmed | Expenditure decisions of international tourists to Taiwan: application of the Heckman two-stage approach |
| title_short | Expenditure decisions of international tourists to Taiwan: application of the Heckman two-stage approach |
| title_sort | expenditure decisions of international tourists to taiwan application of the heckman two stage approach |
| topic | Tourist expenditure decision travel characteristic socioeconomic characteristic heckman two-stage |
| url | https://www.tandfonline.com/doi/10.1080/23311886.2024.2318870 |
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