STOCHASTIC MODELING: A Three-Stage Tourist Choice Process

By Juan Luis Nicolau, Francisco J. Más. 2005

155 citations recorded by the source corpus.

Abstract This study analyzes a multistage tourist choice process which includes three basic decisions: first taking a vacation; second visiting foreign vs. domestic destinations, and third taking multi- vs. single-destination vacations. Various research hypotheses relating to the impact of a number of personal characteristics on these decisions are stated. The methodology uses multinomial logit models with random coefficients estimated by hierarchical Bayesian procedures. The empirical application is carried out in Spain and leads to the conclusion that personal characteristics relating to the chosen destination, personal restrictions, and sociodemographic and psychographic characteristics are determinants of these decisions and that the nested and nonindependent character of the three decisions reveals a multistage decisionmaking process.

Subfields: Economics and Econometrics, Sociology and Political Science, Transportation

View Paper: https://www.semanticscholar.org/paper/0cff475e3b836d2adfd524b2246ceaa8a9a14918

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

  1. J. A. Campos-Soria
  2. J. L. Eugenio-Martin
  3. Scott McCabe
  4. Chunxiao Li
  5. Zengxiang Chen

In Sociology and Political Science

  1. J. A. Campos-Soria
  2. J. L. Eugenio-Martin
  3. Scott McCabe
  4. Chunxiao Li
  5. Zengxiang Chen

In Transportation

  1. J. A. Campos-Soria
  2. J. L. Eugenio-Martin
  3. Scott McCabe
  4. Chunxiao Li
  5. Zengxiang Chen

Citations in the corpus