The effect of housing wealth on tourism consumption in China: Age and generation cohort comparisons

Bing, Zuo; Lai, Zhaoqi

doi:10.1177/1354816619861843

Cited by 23 publications

(11 citation statements)

References 50 publications

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“…These cohorts usually share the same attitudes, ideas, values and beliefs based on their birth during the same time and living through common experiences, with macro-level social, political and economic events that occurred during their coming-of-age years (Strauss & Howe, 1997). Similarly, numerous authors aver that the GCT suggests that the interests, intentions and attitudes of individuals are influenced by their ages, and therefore approaching individuals to explore a particular attitude or intention should be avoided (Sharipudin et al , 2023; Cheung et al , 2021a; Zuo and Lai, 2020; McKercher et al , 2020; Herrando et al , 2019). Breaking down the target market into segments improves the marketer’s ability to focus on the source of information that needs special attention, which helps to influence intentions and attitudes in an effective manner.…”

Section: Underpinning Theoriesmentioning

confidence: 99%

Marketing cereal to the generation Z cohort: what are the key drivers that stimulate consumer behavioural intentions in South Africa?

Maziriri,

Nyagadza,

Mabuyana

et al. 2023

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Purpose This paper aims to examine how health consciousness, perceived nutrition of cereals, hedonic eating values and utilitarian eating values would influence consumers’ attitudes towards cereal consumption, willingness to pay for cereals, actual consumption of cereal products, cereal product consumption satisfaction and continuance of cereal consumption. Design/methodology/approach The research embraced a quantitative approach. The examination was completed in the Eastern Cape province of South Africa (SA). A structured questionnaire was used to collect data from 380 Generation Z consumers of cereal products. Structural equation modelling analysis was used using the smart partial least squares software to test the hypothesized model. Findings The results uncovered that the study variables were significantly associated, and surprisingly, the relationship between hedonic eating values and attitudes towards cereal consumption was found to be insignificant. It was also found that attitudes toward cereal consumption positively and significantly mediated the relationship between health consciousness and willingness to pay for cereals, perceived cereal nutrition and willingness to pay for cereals, hedonic eating values and willingness to pay for cereals and utilitarian eating values and willingness to pay for cereals. Originality/value This research adds new, fresh knowledge to the established body of knowledge on cereal consumption behaviour. This area has had little research attention in developing African countries like SA.

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Section: Underpinning Theoriesmentioning

confidence: 99%

Marketing cereal to the generation Z cohort: what are the key drivers that stimulate consumer behavioural intentions in South Africa?

Maziriri,

Nyagadza,

Mabuyana

et al. 2023

View full text Add to dashboard Cite

show abstract

“…Few studies have examined differences in consumer purchase behavior across generational cohorts in tourism studies (Qiu et al, 2018;Tang & Lam, 2017;Zuo & Lai, 2020). The majority of generation studies in the tourism literature have focused on a specific generation, such as only Baby Bombers or Millennials (Canavan, 2018;Xu & Pratt, 2018).…”

Section: Generational Cohortsmentioning

confidence: 99%

Modeling the Multi-dimensional Facets of Perceived Risk in Purchasing Travel Online: A Generational Analysis

Sharma

Singh

Pratt

2021

Journal of Quality Assurance in Hospitality & Tourism

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This paper examines the differences in consumers' risk perception when intending to purchase travel online across Millennials and Baby Boomers. The proposed research model was tested using structural equation modeling. The results show that perceived financial risk, perceived risk privacy, and psychological risk are significant for both Millennials and Baby Boomers. Overall risk was found to have a stronger negative impact on consumers' intention to purchase travel online. Results from this study will be helpful to travel businesses to determine which cohorts are averse to different types of risk and reduce consumers' risk perception and increase online purchase intention.

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“…By using data from China Family Panel Studies in 2010 and 2012, Zhang and Feng (2018) find that changes in house prices have a positive and significant effect on tourism expenditure in China. Moreover, the article by Zuo & Lai (2019) studies the effect of housing wealth upon tourism consumption with a special focus on the conditional effects of age and cohorts under the assumption of the lifecycle/permanent income model.…”

Section: Literature Reviewmentioning

confidence: 99%

Does the House Slave Effect Depress International Tourism Travelling?

Šergo,

Gržinić,

Zanini Gavranić

2023

Ekonomska misao i praksa

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This paper examines the relationship between "the house slave effect" and tourist outmigration in most European countries. The outline of this study is set up on the analysis of annual data on homeownership and tenant participants in plan to measure the relationship between housing wealth endowment and outbound traveling, with a panel framework that spans the period from 2007 to 2019. In the present empirical case, this paper examines whether or not there is a significant relationship in the sample of 32 countries by using a panel quantile regression method, a panel SGMM, and a panel OLS regression. Estimation outputs reveal that there is a strong negative trade-off between homeownership and outbound tourism for all quantile levels. This evidence along with the auxiliary SGMM and pooled panel estimation assessment strongly confirm that “the house slave effect” negatively affects outbound tourism. What is more, the results show that tenant rates help to boost the international tourism departures or expenditures per capita. The novelty of this work lies in the fact that it provides the pioneering study of the impact of home ownership on outbound travel in European area. The results suggest that a panel quantile regression method (due to data constraints arising from the skewness of international tourism outbound or per capita expenditure data) should be considered when examining the relationship between "the "house slave effect" and outbound tourism in country panel analyses.

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The effect of housing wealth on tourism consumption in China: Age and generation cohort comparisons

Cited by 23 publications

References 50 publications

Marketing cereal to the generation Z cohort: what are the key drivers that stimulate consumer behavioural intentions in South Africa?

Marketing cereal to the generation Z cohort: what are the key drivers that stimulate consumer behavioural intentions in South Africa?

Modeling the Multi-dimensional Facets of Perceived Risk in Purchasing Travel Online: A Generational Analysis

Does the House Slave Effect Depress International Tourism Travelling?

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