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Analysis of attendees' expenditure patterns to recurring annual events: Examining the joint effects of repeat attendance and travel distance

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  • Lee, Seul Ki
  • Sok (Frank) Jee, Won
  • Funk, Daniel C.
  • Jordan, Jeremy S.

Abstract

This study examines the changes in expenditure patterns of attendees to recurring annual events, with specific emphasis on the effects of repeat attendance and travel distance. This study utilizes a unique dataset accumulated from six consecutive years at a recurring annual event hosted in Miami, United States. By using the Almost Ideal Demand System (AIDS), we estimate price elasticities and cross-price elasticities among tourist expenditure categories, while jointly examining the effects from the trip characteristics of repeat attendance and travel distance. From the econometric analysis, we find expenditure, own-price, and cross-price elasticities that conform to the literature and confirm the strong inter-relationship among the respective categories of the overall travel budget. In addition, our results confirm a significant difference in expenditure patterns between first time and repeat attendees, as well as between long haul and short haul travelers.

Suggested Citation

  • Lee, Seul Ki & Sok (Frank) Jee, Won & Funk, Daniel C. & Jordan, Jeremy S., 2015. "Analysis of attendees' expenditure patterns to recurring annual events: Examining the joint effects of repeat attendance and travel distance," Tourism Management, Elsevier, vol. 46(C), pages 177-186.
    • Handle: RePEc:eee:touman:v:46:y:2015:i:c:p:177-186
    DOI: 10.1016/j.tourman.2014.07.001
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    References listed on IDEAS

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    3. Ferrer-Rosell, Berta & Coenders, GermÃ, 2017. "Airline type and tourist expenditure: Are full service and low cost carriers converging or diverging?," Journal of Air Transport Management, Elsevier, vol. 63(C), pages 119-125.
    4. Julio Vena-Oya & José-Alberto Castañeda-García & Miguel-à ngel Rodríguez-Molina, 2022. "Determinants of the Likelihood of Tourist Spending in Cultural Micro-Destinations: Type, Timing, and Distance of the Activity as Predictors," SAGE Open, , vol. 12(3), pages 21582440221, September.
    5. Umit Bulut & Emrah Kocak & Courtney Suess, 2020. "The effect of freedom on international tourism demand: Empirical evidence from the top eight most visited countries," Tourism Economics, , vol. 26(8), pages 1358-1373, December.
    6. Jorge Rojo-Ramos & Santiago Gómez-Paniagua & Juan Carlos Guevara-Pérez & Jorge García-Unanue, 2023. "Gender Differences in Adventure Tourists Who Practice Kayaking in Extremadura," IJERPH, MDPI, vol. 20(5), pages 1-16, February.
    7. Jorge Moll-de-Alba & Lluís Prats & Lluís Coromina, 2016. "The need to adapt to travel expenditure patterns. A study comparing business and leisure tourists in Barcelona," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 6(2), pages 253-267, August.
    8. María-Dolores Sánchez-Sánchez & Carmen De Pablos-Heredero & José-Luis Montes-Botella, 2021. "The Internal Demand of Cultural Tourism: Understanding Satisfaction and Fidelity to Destination in Spain through a Non-Linear Structural Model," Sustainability, MDPI, vol. 13(23), pages 1-18, December.

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