Metrics

  • citations in SCIndeks: 0
  • citations in CrossRef:0
  • citations in Google Scholar:[]
  • visits in previous 30 days:17
  • full-text downloads in 30 days:5

Contents

article: 2 from 71  
Back back to result list
Serbian Journal of Management
2023, vol. 18, iss. 1, pp. 153-165
Relationship between price competitiveness, tourist arrivals, and tourism receipts in European countries
Radukića Snežanaa, Jovanovića Sonjaa, Petrović Ranđelović Marijaa ORCID, Kostić Zoranab, Ilića Ivanaa
aUniveristy of Niš, Faculty of Economy, Serbia
bUniveristy of Niš, Faculty of Mechanical Engineering, Serbia

email: snezana.radukic@eknfak.ni.ac.rs
Project:
This paper was supported by the Ministry of Education, Science and Technological Development of the Republic of Serbia.

Abstract
The price of goods and services represents an important factor of attracting tourists and improving destination competitiveness. However, a question arises, whether lower prices in tourism contribute to a greater number of tourist arrivals and higher tourism receipts. The purpose of this paper is to analyse a relationship between price competitiveness and tourist arrivals and tourism receipts in European countries. By means of a cluster analysis, the paper examines the homogeneity of European countries in terms of tourism price competitiveness based on the Travel and Tourism Competitiveness Report for 2017. The results of the research showed that European countries are not homogeneous as far as tourism price competitiveness is concerned. Moreover, countries with a lower price competitiveness level attract a greater number of tourists and yield greater tourism receipts in comparison to the countries with a greater price competitiveness level.
References

*** (2021) Balassa-Samuelson effect: Overview of the economic theory. Investopedia: Retrieved from: https://www.investopedia.com/terms/b/balass asamuelson-effect.asp

Alves, S., Nogueira, A.R.R. (2015) Towards a sustainable tourism competitiveness measurement model for municipalities: Brazilian empirical evidence. Revista de Turismo y Patrimonio Cultural, 13(6): 1337-1353

Bahar, O., Kozak, M. (2007) Advancing destination competitiveness research: Comparison between tourists and service providers. Journal of Travel & Tourism Marketing, 22(2): 61-71

Croes, R. (2013) Evaluation of tourism competitiveness and its effects on destination management: Making a difference in Costa Rica?. Diálogos Revista Electrónica de Historia, October, 221-232

Crouch, G.I. (2007) Measuring tourism competitiveness: Research, theory and the WEF index. in: Thyne M.; Deans K. R.; Gnoth J. [ed.] Australian and New Zealand Marketing Academy (ANZMAC) Conference, Dunedin, New Zealand: ANZMAC, 73-79; Retrieved from: https://www.researchgate.net/publication/252 381883_Measuring_Tourism_Competitivenes s_Research_Theory_and_the_WEF_Index

Crouch, G.I. (1992) Effects of income and price on international tourist demand. Annals of Tourism, 19(4): 643-664

Devereux, M.B. (2014) Real exchange rates and the Balassa-Samuelson effect revisited: Research summary. National Bureau of Economic Research, Retrieved from: https://www.nber.org/reporter/2014number4/real-exchange-rates-and-balassa-samuelsoneffect-revisited

5

Dragićević, V., Jovičić, D., Blešić, I., Stankov, U., Bošković, D. (2012) Business tourism destination competitiveness: A case of Vojvodina province (Serbia). Economic Research / Ekonomska Istraživanja, 25(2): 311-331

4

Dupeyras, A., Maccallum, N. (2013) Indicators for measuring competitiveness in tourism: A guidance document. OECD Publishing, OECD Tourism Papers 2013/02; Retrieved from: https://www.oecdilibrary.org/industry-and-services/indicatorsformeasuring-competitiveness-in-tourism_5k47t9q2t923-en

Dwyer, L., Forsyth, P. (2009) Tourism price competitiveness: The travel and tourism competitiveness report. Geneva: World Economic Forum

Dwyer, L., Forsyth, P., Rao, P. (2001) PPPs and the price competitiveness of international tourism destinations. in: Joint World Bank -OECD Seminar on Purchasing Power Parities: Recent Advances in Methods and Applications, Washington: OECD, Agenda item no. 9

2

Dwyer, L., Forsyth, P., Rao, P. (2000) The price competitiveness of travel and tourism: A comparison of 19 destinations. Tourism Management, 21(1): 9-22

Dwyer, L., Mistilis, N., Forsyth, P., Rao, P. (2001) International price competitiveness of Australia's MICE industry. International Journal of Tourism Research, 3(2): 123-139

1

Forsyth, P.J., Dwyer, L. (2009) Tourism price competitiveness. in: Blanke J.; Chiesa T. [ed.] The Travel and Tourism Competitiveness Report 2009: Managing in a Time of Turbulence, Geneva: World Economic Forum, 77-90

Gomezelj-Omerzel, D., Mihalič, T. (2008) Destination competitiveness: Applying different models, the case of Slovenia. Tourism Management, 29: 294-307

Göral, R. (2016) Price competitiveness of international tourism destinations and tourism demand, tourism receipts relationship. European Journal of Multidisciplinary Studies, 1(2): 195-203

Hotel News Resources (2004) WTTC launches new travel & tourism competitiveness statistics. Retrieved from: https://www.hotelnewsresource.com/article13 837.html

Jovanović, S., Janković-Milić, V., Krstić, B. (2014) Homogeneity analysis of south-eastern European countries according to tourism competitiveness performances. Economic Research / Ekonomska Istraživanja, 27(1): 207-220

1

Kovačić, Z. (1994) Multivariate analysis. Beograd: Ekonomski fakultet, in Serbian

1

Krstic, B., Jovanovic, S., Jankovic-Milic, V., Stanisic, T. (2016) Examination of travel and tourism competitiveness contribution to national economy competitiveness of sub-Saharan Africa countries. Development Southern Africa, 33(4): 470-485

Manojlović, I., Pavlović, S., Aćimovac, B. (2014) Competitiveness evaluation of tourist destinations on the example of key resources of the cities in Serbia. Zbornik radova - Geografski fakultet Univerziteta u Beogradu, (62) 145-174; in Serbian; D. Šabić (Ed.)

Marakova, V., Dyr, T., Wolak-Tuzimek, A. (2016) Factors of tourism's competitiveness in the European Union countries. E+M Ekonomie a Management, 19(3): 92-109

3

Navickas, V., Malakauskaite, A. (2009) The possibilities for the identification and evaluation of tourism sector competitiveness factors. Engineering Economics, 61(1): 37-44

1

Petrović, J., Milićević, S. (2017) Consumer protection as a factor of destination competitiveness in the European Union. Amfiteatru Economic Journal, 19(45): 432-446

2

Petrović, J., Milićević, S., Djeri, L. (2017) The information and communications technology as a factor of destination competitiveness in transition countries in European Union. Tourism Economics, 23(6): 1353-1361

Plessis, E., Saayman, M. (2017) Aspects contributing to tourism competitiveness of South Africa. Tourism Economics, 24(2): 146-156

Popescu, D., Oehler-Sincai, I.M., Bulin, D., Tanase, I.A. (2018) CEE-16: A cluster analysis based on tourism competitiveness and correlations with major determinants. Amfiteatru Economic, 20(12): 833-833

Rudančić-Lugarić, A., Gračan, D. (2013) Competitiveness of a tourist destination: Rijeka Carnival case study. Ekonomski vjesnik, 26(1): 271-282; in Croatian

The World Bank World development indicators. Retrieved from: https://databank.worldbank.org/source/worlddevelopment-indicators

Thitthongkam, T., Walsh, J. (2011) An analysis of factors influencing the competitiveness of the Thai tourism industry. in: 2010 International Conference on Business and Economics Research, Kuala Lumpur: IACSIT Press, 1: 138-141

Tubadji, A., Nijkamp, P. (2018) Revisiting the Balassa-Samuelson effect: International tourism and cultural proximity. Tourism Economics, 24(8): 915-944

Utami, R.C., Hartono, D.H., Awirya, A.A. (2016) Analysis of the competitiveness of Indonesia tourism price compared to the competitors: Demand elasticity approach. Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan, 17(1): 108-124

Washington, D.C., Dwyer, L., Knežević, C.Lj., Edwards, D., Mihalič, T. (2012) Fashioning a destination tourism future: The case of Slovenia. Tourism Management, 33(2): 305-316

WEF (2015) Travel and tourism competitiveness report 2015. Geneva, Retrieved from https://www.weforum.org/reports/travel-andtourism-competitiveness-report-2015

1

WEF (2017) The travel and tourism competitiveness report 2017. Geneva, Retrieved from https://www.weforum.org/reports/the-traveltourism-competitiveness-report-2017
   

About

article language: English
document type: unclassified
DOI: 10.5937/sjm18-34886
received: 11/11/2022
accepted: 25/04/2023
published in SCIndeks: 30/06/2023
Creative Commons License 4.0

Related records

No related records