Macroeconomic Factors Influencing Malaysian Tourism Revenue, 2002–2008

Jayaraman, K.; Lin, Soh Keng; Haron, Hasnah; Ong, Wooi Leng

doi:10.5367/te.2011.0087

Cited by 7 publications

(6 citation statements)

References 24 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…It is consistently used in modeling tourism demand and has been found to have explanatory power in the determination of tourism flows for both outbound and inbound countries [32]. The exchange rate has empirically been found to be an explanatory variable determining rises and falls in the number of inbound tourist arrivals [7] but in another study, changes in real exchange rates were shown to have mixed effects on tourism demand [33].…”

Section: Variables In the Literaturementioning

confidence: 99%

The Macroeconomic Determinants of International Casino Travel: Evidence from South Korea’s Top Four Inbound Markets

Suh

Kim

2018

Sustainability

View full text Add to dashboard Cite

This study investigates the macroeconomic determinants behind the number of foreign visitors to Korean casinos arriving from major source countries, namely Japan, Mainland China, Hong Kong SAR and Taiwan. Using monthly data from 2006 to 2016, we utilized a Structural Vector Autoregression (SVAR) model to investigate the dynamic effects of macroeconomic factors on the number of casino visitors. Estimation results supported the conclusion that visitors from Japan and Mainland China-who account for approximately three quarters of the total number of foreign casino visitors-were affected by macroeconomic or financial indicators such as changes in oil prices, exports and exchange rates (Japan), exports and short-term interest rates (Mainland China). In contrast, visitors from Hong Kong SAR did not seem to be influenced by any of these factors. We also found that the MERS (Middle East Respiratory Syndrome) outbreak in Korea in 2015 had a significant adverse effect on casino visitors from all regions. Implications and suggestions for future studies are provided along with the results of this study.

show abstract

Section: Variables In the Literaturementioning

confidence: 99%

The Macroeconomic Determinants of International Casino Travel: Evidence from South Korea’s Top Four Inbound Markets

Suh

Kim

2018

Sustainability

View full text Add to dashboard Cite

show abstract

“…Scholars emphasize tourism as a catalyst for economic growth, generating employment opportunities and elevating income levels (Brida et al 2018). National case studies provide insights into the substantial growth of Malaysia's tourism sector, contributing significantly to export income via the emergence of new destinations (Jayaraman et al 2011). Conversely, Borrego-Domínguez et al (2022 noted a positive link between GDP and the number of beds in tourism, with less impact on stock indices.…”

Section: Analyzing the Impact Of Tourism On Financial Marketsmentioning

confidence: 99%

The Influence of Airbnb Announcements on North American Capital Markets: Insights for Stakeholders

Tavor

2024

IJFS

View full text Add to dashboard Cite

This research investigates the burgeoning peer-to-peer (P2P) economy, exemplified by platforms such as Airbnb, and its implications within the North American context. The study focuses on understanding the repercussions of Airbnb announcements on capital markets, concentrating specifically on the travel and tourism sector and the real estate sector. The findings unveil a discernible augmentation in index returns preceding the announcement’s publication in both sectors. However, a notable divergence manifests post-announcement: while the real estate sector sustains an upward trajectory in returns, the travel and tourism sector experiences a post-publication decline. These results underscore the strategic advantage available to investors with early access to Airbnb announcements, enabling them to capitalize on excess profits. Furthermore, the broader investor community can leverage the insights gleaned from Airbnb announcements for financial gains. A nuanced examination of regression results reveals the substantial impact of macroeconomic variables on index returns in both the travel and tourism sector and the real estate sector. These insights contribute to a more nuanced understanding of the intricate dynamics shaping these economic domains.

show abstract

“…According to Tourism Malaysia, 2015, the top five countries who visit Malaysia were Singapore, Indonesia, China, Thailand and Brunei which conquer the 75%. While the balance 25% tourist is from European, Middle East and Australian (Jayaraman et al, 2011).…”

Section: Problem Statementmentioning

confidence: 99%

“…The travel and tourism industry is progressing continuously in Malaysia, which is parallel with the worldwide tourism industry (Ying et al, 2015). The Malaysian tourism industry has succeeded significantly over the years due to the growth of new tourist landmarks, together with its rich cultural heritage (Jayaraman, Lin, Haron, & Ong, 2011). Over the past 10 years, Malaysia has experienced a significant increase in tourist arrivals (Habibi, 2017) which is one of the significant factors influencing on the country economy growth.…”

Section: Introductionmentioning

confidence: 99%

Push and Pull Factors Influencing Visitors from European Countries to Malaysia

Santharen¹,

Kumar²,

Ranjanthran³

et al. 2019

The European Proceedings of Social and Behavioural Sciences

View full text Add to dashboard Cite

The purpose of this research is to investigate the influence of the push factors in terms of knowledge seeking, ego enhancement, rest & relaxation and spending capacity and the pull factors namely environment safety, cultural and historical attraction and tourism facilities on the average length of stay (in days) of the tourist visitors from European Countries to Malaysia. The primary data collection has been undertaken in Malaysia among the European tourists' visitors. A total of 107 European tourists' are the respondents of the study and their responses are used for multivariate data analysis. The findings of the study reveals that push factor namely 'spending capacity', 'rest and relaxation' are the major predictors and are highly positively significant on the average length of stay of European visitors to Malaysia. On the other hand, 'environment safety' has negative effect on the tourists' average length of stay. Tourism industry is the major market player for Malaysia in terms of revenue generation and therefore, the ultimate implications of the present study are useful to policy decision makers and Tourism Malaysia to strategies their marketing plans to attract European tourists to Malaysia.

show abstract

Macroeconomic Factors Influencing Malaysian Tourism Revenue, 2002–2008

Cited by 7 publications

References 24 publications

The Macroeconomic Determinants of International Casino Travel: Evidence from South Korea’s Top Four Inbound Markets

The Macroeconomic Determinants of International Casino Travel: Evidence from South Korea’s Top Four Inbound Markets

The Influence of Airbnb Announcements on North American Capital Markets: Insights for Stakeholders

Push and Pull Factors Influencing Visitors from European Countries to Malaysia

Contact Info

Product

Resources

About