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Modeling determinants of tourism demand in Colombia

Author

Listed:
  • Juan Vanegas

    (Fundación Universitaria Autónoma de las Américas Economics and Management Department Calle 34A # 76-35, Medellín, Colombia)

  • Marisol Valencia

    (Fundación Universitaria Autónoma de las Américas Economics and Management Department Calle 34A # 76-35, Medellín, Colombia)

  • Jorge Restrepo

    (Tecnológico de Antioquia, I.U., Management and Economics Department Cl. 78B 72A-220, Medellín, Colombia)

  • Guberney Muneton

    (Universidad de Antioquia, Instituto de Estudios Regionales Calle 67 # 53 - 108, Medellín, Colombia)

Abstract

Purpose – This paper estimates the determinants of international tourist arrivals to Colombia from 1995 to 2014. Design – Tourist demand is related to interlinking relationships between origins and destinations. The international movement of travelers has grown exponentially in recent decades, and these dynamics have affected Colombia as well. Methodology/Approach – We propose a generalized linear mixed model, with a consideration of factors from the theory of consumer choice and those approached from the perspective of new economic geography. Findings – Apart from purchasing power and institutional factors as facilitators of travel, we found that general aspects of the country (such as language and geographical proximity) directly affect the flow of visitors, whereas exchange differences and physical distance reduce tourist attraction. Originality of the research – Estimation of tourist flows will serve as a diagnostic and planning tool for developing proposals of tourism attractiveness related to different environment.

Suggested Citation

  • Juan Vanegas & Marisol Valencia & Jorge Restrepo & Guberney Muneton, 2020. "Modeling determinants of tourism demand in Colombia," Tourism and Hospitality Management, University of Rijeka, Faculty of Tourism and Hospitality Management, vol. 26(1), pages 49-67, June.
    • Handle: RePEc:tho:journl:v:26:y:2020:n:1:p:49-67
    DOI: https://doi.org/10.20867/thm.26.1.4
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    References listed on IDEAS

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    1. Teresa Garin-Munoz & Teodosio Perez Amaral, 2000. "An econometric model for international tourism flows to Spain," Applied Economics Letters, Taylor & Francis Journals, vol. 7(8), pages 525-529.
    2. Su, Yu-Wen & Lin, Hui-Lin, 2014. "Analysis of international tourist arrivals worldwide: The role of world heritage sites," Tourism Management, Elsevier, vol. 40(C), pages 46-58.
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    More about this item

    Keywords

    tourism demand; tourist flows; generalized linear mixed model; developing countries;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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