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연구정보

[경제] Tourism demand for Malaysia: Further evidence from panel approaches

말레이시아 국외연구자료 연구보고서 - ScienceDirect 발간일 : 2023-03-30 등록일 : 2023-03-30 원문링크

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.

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