IDEAS home Printed from https://ideas.repec.org/a/eee/anture/v100y2023ics0160738323000464.html
   My bibliography  Save this article

Valuation of travel time

Author

Listed:
  • McKercher, Bob
  • Tkaczynski, Aaron

Abstract

This study examines the valuation and use of the transit time leg of a tourism journey. The transit leg of a trip may be perceived as the core component of the trip, an intrinsic part that is valued more or less the same as being at the destination or a chore that must be completed in order to get to the destination. The valuation of transit time is subtle and nuanced and reflects whether the person undertaking the trip has a goal or process orientation. This study develops a conceptual model showing the continuum between process and goal oriented tourists.

Suggested Citation

  • McKercher, Bob & Tkaczynski, Aaron, 2023. "Valuation of travel time," Annals of Tourism Research, Elsevier, vol. 100(C).
    • Handle: RePEc:eee:anture:v:100:y:2023:i:c:s0160738323000464
    DOI: 10.1016/j.annals.2023.103573
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0160738323000464
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.annals.2023.103573?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Lyons, Glenn & Jain , Juliet & Susilo , Yusak O. & Atkins, Steve, 2013. "Comparing rail passengers’ travel time use in Great Britain between 2004 and 2010," Working papers in Transport Economics 2013:17, CTS - Centre for Transport Studies Stockholm (KTH and VTI).
    2. Truong, Truong P & Hensher, David A, 1985. "Measurement of Travel Time Values and Opportunity Cost from a Discrete-Choice Model," Economic Journal, Royal Economic Society, vol. 95(378), pages 438-451, June.
    3. Mokhtarian, Patricia L. & Salomon, Ilan, 2001. "How derived is the demand for travel? Some conceptual and measurement considerations," Transportation Research Part A: Policy and Practice, Elsevier, vol. 35(8), pages 695-719, September.
    4. Rojas-Méndez, José I. & Davies, Gary, 2005. "Avoiding Television Advertising: Some Explanations from Time Allocation Theory," Journal of Advertising Research, Cambridge University Press, vol. 45(1), pages 34-48, March.
    5. Yannick Cornet & Giuseppe Lugano & Christina Georgouli & Dimitris Milakis, 2022. "Worthwhile travel time: a conceptual framework of the perceived value of enjoyment, productivity and fitness while travelling," Transport Reviews, Taylor & Francis Journals, vol. 42(5), pages 580-603, September.
    6. Shoval, Noam & Kahani, Alon & De Cantis, Stefano & Ferrante, Mauro, 2020. "Impact of incentives on tourist activity in space-time," Annals of Tourism Research, Elsevier, vol. 80(C).
    7. Asif Ahmed & Peter Stopher, 2014. "Seventy Minutes Plus or Minus 10 - A Review of Travel Time Budget Studies," Transport Reviews, Taylor & Francis Journals, vol. 34(5), pages 607-625, September.
    8. McKercher, Bob & Filep, Sebastian & Moyle, Brent, 2021. "Movement in tourism: Time to re-integrate the tourist?," Annals of Tourism Research, Elsevier, vol. 91(C).
    9. John R. McKean & Donn M. Johnson & Richard G. Walsh, 1995. "Valuing Time in Travel Cost Demand Analysis: An Empirical Investigation," Land Economics, University of Wisconsin Press, vol. 71(1), pages 96-105.
    10. Glenn Lyons & Juliet Jain & Yusak Susilo & Stephen Atkins, 2013. "Comparing Rail Passengers' Travel Time Use in Great Britain Between 2004 and 2010," Mobilities, Taylor & Francis Journals, vol. 8(4), pages 560-579, November.
    11. Faraway, Julian J. & Augustin, Nicole H., 2018. "When small data beats big data," Statistics & Probability Letters, Elsevier, vol. 136(C), pages 142-145.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Schmid, Basil & Jokubauskaite, Simona & Aschauer, Florian & Peer, Stefanie & Hössinger, Reinhard & Gerike, Regine & Jara-Diaz, Sergio R. & Axhausen, Kay W., 2019. "A pooled RP/SP mode, route and destination choice model to investigate mode and user-type effects in the value of travel time savings," Transportation Research Part A: Policy and Practice, Elsevier, vol. 124(C), pages 262-294.
    2. Bouscasse, Hélène & de Lapparent, Matthieu, 2019. "Perceived comfort and values of travel time savings in the Rhône-Alpes Region," Transportation Research Part A: Policy and Practice, Elsevier, vol. 124(C), pages 370-387.
    3. Lyons, Glenn & Jain, Juliet & Weir, Iain, 2016. "Changing times – A decade of empirical insight into the experience of rail passengers in Great Britain," Journal of Transport Geography, Elsevier, vol. 57(C), pages 94-104.
    4. Tang, Jia & Mokhtarian, Patricia L. & Zhen, Feng, 2020. "How do passengers allocate and evaluate their travel time? Evidence from a survey on the Shanghai–Nanjing high speed rail corridor, China," Journal of Transport Geography, Elsevier, vol. 85(C).
    5. Shamshiripour, Ali & Rahimi, Ehsan & (Kouros) Mohammadian, Abolfazl & Auld, Joshua, 2020. "Investigating the influence of latent lifestyles on productive travels: Insights into designing autonomous transit system," Transportation Research Part A: Policy and Practice, Elsevier, vol. 141(C), pages 469-484.
    6. Frei, Charlotte & Mahmassani, Hani S. & Frei, Andreas, 2015. "Making time count: Traveler activity engagement on urban transit," Transportation Research Part A: Policy and Practice, Elsevier, vol. 76(C), pages 58-70.
    7. Kent de Grey, Robert G. & Werner, Carol M. & Lilja Lohnes, Kate, 2018. "Strengthening proenvironmental intentions: Intrinsic interest may support use of transport alternatives to driving alone," Transportation Research Part A: Policy and Practice, Elsevier, vol. 116(C), pages 260-274.
    8. Imre Keseru & Cathy Macharis, 2018. "Travel-based multitasking: review of the empirical evidence," Transport Reviews, Taylor & Francis Journals, vol. 38(2), pages 162-183, March.
    9. Dai, Jingchen & Wang, Xiaokun Cara & Ma, Wenxin & Li, Ruimin, 2023. "Future transport vision propensity segments: A latent class analysis of autonomous taxi market," Transportation Research Part A: Policy and Practice, Elsevier, vol. 173(C).
    10. Longden, Thomas, 2016. "The Regularity and Irregularity of Travel: an Analysis of the Consistency of Travel Times Associated with Subsistence, Maintenance and Discretionary Activities," ET: Economic Theory 243150, Fondazione Eni Enrico Mattei (FEEM).
    11. McKercher, Bob & Wong, Celia & Lau, Gigi, 2006. "How tourists consume a destination," Journal of Business Research, Elsevier, vol. 59(5), pages 647-652, May.
    12. Hess, Stephane & Bierlaire, Michel & Polak, John W., 2005. "Estimation of value of travel-time savings using mixed logit models," Transportation Research Part A: Policy and Practice, Elsevier, vol. 39(2-3), pages 221-236.
    13. Tiago Camacho & Marcus Foth & Andry Rakotonirainy & Markus Rittenbruch & Jonathan Bunker, 2016. "The role of passenger-centric innovation in the future of public transport," Public Transport, Springer, vol. 8(3), pages 453-475, December.
    14. Mark Wardman & Phani Chintakayala & Chris Heywood, 2020. "The valuation and demand impacts of the worthwhile use of travel time with specific reference to the digital revolution and endogeneity," Transportation, Springer, vol. 47(3), pages 1515-1540, June.
    15. McKercher, Bob & Filep, Sebastian & Moyle, Brent, 2021. "Movement in tourism: Time to re-integrate the tourist?," Annals of Tourism Research, Elsevier, vol. 91(C).
    16. Mark Wardman & Glenn Lyons, 2016. "The digital revolution and worthwhile use of travel time: implications for appraisal and forecasting," Transportation, Springer, vol. 43(3), pages 507-530, May.
    17. Hélène Bouscasse & Iragaël Joly & Jean Peyhardi, 2016. "Estimating travel mode choice, including rail in regional area, based on a new family of regression models," Working Papers hal-01847227, HAL.
    18. Susilo, Yusak O. & Cats, Oded, 2014. "Exploring key determinants of travel satisfaction for multi-modal trips by different traveler groups," Transportation Research Part A: Policy and Practice, Elsevier, vol. 67(C), pages 366-380.
    19. Thomas Longden, 2016. "The Regularity and Irregularity of Travel: an Analysis of the Consistency of Travel Times Associated with Subsistence, Maintenance and Discretionary Activities," Working Papers 2016.49, Fondazione Eni Enrico Mattei.
    20. Sonja E. Forward, 2019. "Views on Public Transport and How Personal Experiences Can Contribute to a More Positive Attitude and Behavioural Change," Social Sciences, MDPI, vol. 8(2), pages 1-23, February.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:anture:v:100:y:2023:i:c:s0160738323000464. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/annals-of-tourism-research/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.