Analysis of Japanese Tourist Demand to Guam

Bibliographic Data

ID12463102
AuthorsJames W Dougan (a V. P. Finance & Administration SandCastle, Inc. , Guam, USA, corresponding author)
Year2007
Volume12
Issue2
Pages79-88
Publication date2007-06-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueAsia Pacific Journal of Tourism Research (JOURNAL)
Journal identifiersISSN: 1094-1665 • E-ISSN: 1741-6507
PublisherRoutledge (PUBLISHER • GB)
DOI10.1080/10941660701243307
OpenAlexW2077479978
LanguageEN
Citations received5
References cited14

The economy of Guam is highly dependent on tourism. Japanese tourists are especially important as they represent on average 85% of all visitors. While frequent surveys document the preferences, demographics and satisfaction levels of the Japanese, no attempt has been made to determine how the traditional economic demand variables affect arrivals. This study attempted to determine the role of consumer income and prices in creating arrival demand. A single equation, error correction model was used to measure the short- and long-term elasticities of price and income. It was found that income elasticity was very high, while price was not especially significant. In addition, the repeat factor and several catastrophic events were found to be important in determining demand. These results led to a discussion of the theoretical implications regarding the economic and cultural underpinnings of Japanese tourism demand

Cointegration · Demographics · Econometrics · Economics · Error correction model · Geography · Income elasticity of demand · Microeconomics · Price elasticity of demand · Sociology · Tourism · Diverse Aspects of Tourism Research · Transportation Planning and Optimization · Urban Transport and Accessibility

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