ResumenCon el crecimiento económico de China se ha incrementado en los últimos años los viajes al extranjero. Se analizan los motivos, características y preferencias de la población China para viajar al extranjero: gustos, temporada preferida de viajar, duración del viaje, canales de búsqueda de información sobre viajes, lugares de destino preferidos o los problemas que tienen los chinos cuando viajan al extranjero.Palabras clave: Preferencias turísticas; Turismo chino; Destinos turísticos; Problemas turísticos.
AbstractWith China's economic growth has increased in recent years overseas travel. The reasons, characteristics and preferences of the Chinese population to travel abroad, we analyzed: tastes, preferred travel season, duration of the trip, travel information search channels, preferred destinations, or the problems that the Chinese have when traveling abroad.
Purpose
This paper aims to examine the impact of other group members on the travel experiences of Chinese tourists participating in domestic package tours.
Design/methodology/approach
Based on the critical incident technique, usable responses were obtained from 253 tourists regarding the influence of other group members on their travel experiences in the same group package tour (GPT).
Findings
The results show that the travel experiences of Chinese tourists on a domestic package tour are affected by three general factors, namely, appearance, behaviors, and language of other group members.
Research limitations/implications
This research mainly involves samples of young tourists. The findings may not be able to generalize to elderly tourists. Future studies may involve samples from various age cohorts.
Practical implications
The findings offer new insights and directions for GPT operators and tour guides to improve tourism management and tourist experiences.
Social implications
This study contributes to tourism literature about customer-to-customer interaction by identifying the major categories of other customers’ characteristics or behaviors that may positively or negatively influence a GPT tourist’s travel experience.
Originality/value
This study enriches the existing literature by investigating the attributes of other group members that may affect the travel experiences of a domestic GPT participant. Tourism firms can formulate better strategies and staff training to enhance tourists’ travel experiences.
This paper examines whether the motivation of institutional investors in monitoring a firm is positively related to the relative importance of the firm's stock in their portfolios. We find that greater motivated monitoring institutional ownership is associated with a higher marginal value of corporate cash holdings, which cannot be explained by other corporate governance measures and institution types. Further, we find that the economic effect of institutional monitoring on the marginal value of cash falls with decreasing institutions' monitoring motivation. Based on these findings, we construct a monitoring motivation-weighted institutional ownership measure and document a positive relation between it and the marginal value of cash. Our results are robust after controlling for the endogeneity of institutional ownership, three cash regimes, firm size, and changes in US public firms over time.
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