Relationship between price competitiveness, tourist arrivals, and tourism receipts in European countries
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...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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University in Belgrade
2023-06-01
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| Series: | Serbian Journal of Management |
| Subjects: | |
| Online Access: | https://aseestant.ceon.rs/index.php/sjm/article/view/34886/22882 |
| _version_ | 1797796927381700608 |
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| author | Snežana Radukić Sonja Jovanović Marija Petrović-Randjelović Zorana Kostić Ivana Ilić |
| author_facet | Snežana Radukić Sonja Jovanović Marija Petrović-Randjelović Zorana Kostić Ivana Ilić |
| author_sort | Snežana Radukić |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-03-13T03:40:30Z |
| format | Article |
| id | doaj.art-5bdf7da1328c4a528e1391fab307ce24 |
| institution | Directory Open Access Journal |
| issn | 1452-4864 2217-7159 |
| language | English |
| last_indexed | 2024-03-13T03:40:30Z |
| publishDate | 2023-06-01 |
| publisher | University in Belgrade |
| record_format | Article |
| series | Serbian Journal of Management |
| spelling | doaj.art-5bdf7da1328c4a528e1391fab307ce242023-06-23T08:14:03ZengUniversity in BelgradeSerbian Journal of Management1452-48642217-71592023-06-0118115316510.5937/sjm18-34886Relationship between price competitiveness, tourist arrivals, and tourism receipts in European countriesSnežana Radukić0Sonja Jovanović1Marija Petrović-Randjelović2Zorana Kostić3Ivana Ilić4Faculty of Economics, University of Niš, Trg Kralja Aleksandra Ujedinitelja 11,Niš, SerbiaFaculty of Economics, University of Niš, Trg Kralja Aleksandra Ujedinitelja 11,Niš, SerbiaFaculty of Economics, University of Niš, Trg Kralja Aleksandra Ujedinitelja 11,Niš, SerbiaFaculty of Mechanical Engineering, University of Niš, Aleksandra Medvedeva 14, Niš, SerbiaFaculty of Economics, University of Niš, Trg Kralja Aleksandra Ujedinitelja 11,Niš, SerbiaThe 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.https://aseestant.ceon.rs/index.php/sjm/article/view/34886/22882price competitivenesstourist arrivalstourism receiptscluster analysiseuropean countries |
| spellingShingle | Snežana Radukić Sonja Jovanović Marija Petrović-Randjelović Zorana Kostić Ivana Ilić Relationship between price competitiveness, tourist arrivals, and tourism receipts in European countries Serbian Journal of Management price competitiveness tourist arrivals tourism receipts cluster analysis european countries |
| title | Relationship between price competitiveness, tourist arrivals, and tourism receipts in European countries |
| title_full | Relationship between price competitiveness, tourist arrivals, and tourism receipts in European countries |
| title_fullStr | Relationship between price competitiveness, tourist arrivals, and tourism receipts in European countries |
| title_full_unstemmed | Relationship between price competitiveness, tourist arrivals, and tourism receipts in European countries |
| title_short | Relationship between price competitiveness, tourist arrivals, and tourism receipts in European countries |
| title_sort | relationship between price competitiveness tourist arrivals and tourism receipts in european countries |
| topic | price competitiveness tourist arrivals tourism receipts cluster analysis european countries |
| url | https://aseestant.ceon.rs/index.php/sjm/article/view/34886/22882 |
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