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Tourism And Discretionary Income Allocation - Heterogeneity Among Households, Sara Dolnicar, G. I. Crouch, T. Devinney, T. Huybers, J. Louviere, H. Oppewal
Tourism And Discretionary Income Allocation - Heterogeneity Among Households, Sara Dolnicar, G. I. Crouch, T. Devinney, T. Huybers, J. Louviere, H. Oppewal
Faculty of Commerce - Papers (Archive)
Tourism expenditures have been much researched in the past: at the aggregate level to evaluate national benefit of the tourism industry and at the disaggregate level to evaluate the attractiveness of tourist market segments. Past studies, however, fail to take into account that tourism expenditures are affected by the plethora of other expenditures households make and that households are heterogeneous in allocating discretionary funds to alternative spending options. The present study fills this gap by investigating heterogeneity in household discretionary expenditures derived from a realistic choice task. In doing so it challenges the implicit paradigm of prior research into tourism …
Discretionary Expenditure And Tourism Consumption: Insights From A Choice Experiment, G. I. Crouch, H. Oppewal, T. Huybers, Sara Dolnicar, J. J. Louviere, T. Devinney
Discretionary Expenditure And Tourism Consumption: Insights From A Choice Experiment, G. I. Crouch, H. Oppewal, T. Huybers, Sara Dolnicar, J. J. Louviere, T. Devinney
Faculty of Commerce - Papers (Archive)
Consumers’ decisions to spend money on tourism occur in the context of the other potential uses of their resources and corresponding values or utilities. While many studies have examined the demand for travel and tourism there is no known study that reveals how individuals and households make tradeoffs when allocating their spending between various potential categories of discretionary expenditure. This study assesses these tradeoffs empirically through the conduct of a choice experiment on a random sample of Australian consumers. The results provide insight into how each category of discretionary expenditure is valued and how spending in each category competes for …