Psychological Factors of Tourist Expenditure: Neglected or Negligible?

Despite recent progress in identifying the factors of tourist expenditure, knowledge of the psychological characteristics of tourists is necessary to fully understand their impact. Therefore, this study attempts to extend the economic, sociodemographic and trip-related factors by including psycholog...

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Main Authors: Róbert Štefko, Jozef Džuka, Martin Lačný
Format: Article
Language:English
Published: Frontiers Media S.A. 2022-06-01
Series:Frontiers in Psychology
Subjects:
Online Access:https://www.frontiersin.org/articles/10.3389/fpsyg.2022.942252/full
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author Róbert Štefko
Jozef Džuka
Martin Lačný
author_facet Róbert Štefko
Jozef Džuka
Martin Lačný
author_sort Róbert Štefko
collection DOAJ
description Despite recent progress in identifying the factors of tourist expenditure, knowledge of the psychological characteristics of tourists is necessary to fully understand their impact. Therefore, this study attempts to extend the economic, sociodemographic and trip-related factors by including psychological factors in the econometric models. A total of 1,036 Slovak tourists who paid for summer holidays abroad in the summer of 2021 were interviewed. Three of the six psychological factors analysed (two stable personality characteristics – conscientiousness and agreeableness as well as four tendencies expressing willingness to spend or save – spendthrift, tightwad, thrift and spending propensity) correlated significantly with the amount of expenditure. In addition to income, type of travel, children and duration of the stay, the results of the partial least squares test revealed the net effects of tightwad, spending propensity and thrift. The magnitude of the effects of psychological factors points to the need for further research.
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spelling doaj.art-88d8c348233d4059861aed5e6073b5fc2022-12-22T00:20:26ZengFrontiers Media S.A.Frontiers in Psychology1664-10782022-06-011310.3389/fpsyg.2022.942252942252Psychological Factors of Tourist Expenditure: Neglected or Negligible?Róbert Štefko0Jozef Džuka1Martin Lačný2Department of Marketing and International Trade, Faculty of Management and Business, University of Prešov, Prešov, SlovakiaFaculty of Arts, Institute of Psychology, University of Prešov, Prešov, SlovakiaFaculty of Arts, Institute of Political Science, University of Prešov, Prešov, SlovakiaDespite recent progress in identifying the factors of tourist expenditure, knowledge of the psychological characteristics of tourists is necessary to fully understand their impact. Therefore, this study attempts to extend the economic, sociodemographic and trip-related factors by including psychological factors in the econometric models. A total of 1,036 Slovak tourists who paid for summer holidays abroad in the summer of 2021 were interviewed. Three of the six psychological factors analysed (two stable personality characteristics – conscientiousness and agreeableness as well as four tendencies expressing willingness to spend or save – spendthrift, tightwad, thrift and spending propensity) correlated significantly with the amount of expenditure. In addition to income, type of travel, children and duration of the stay, the results of the partial least squares test revealed the net effects of tightwad, spending propensity and thrift. The magnitude of the effects of psychological factors points to the need for further research.https://www.frontiersin.org/articles/10.3389/fpsyg.2022.942252/fulltourist expenditurepsychological factorspersonality characteristicswillingness to spendPLS-SEM
spellingShingle Róbert Štefko
Jozef Džuka
Martin Lačný
Psychological Factors of Tourist Expenditure: Neglected or Negligible?
Frontiers in Psychology
tourist expenditure
psychological factors
personality characteristics
willingness to spend
PLS-SEM
title Psychological Factors of Tourist Expenditure: Neglected or Negligible?
title_full Psychological Factors of Tourist Expenditure: Neglected or Negligible?
title_fullStr Psychological Factors of Tourist Expenditure: Neglected or Negligible?
title_full_unstemmed Psychological Factors of Tourist Expenditure: Neglected or Negligible?
title_short Psychological Factors of Tourist Expenditure: Neglected or Negligible?
title_sort psychological factors of tourist expenditure neglected or negligible
topic tourist expenditure
psychological factors
personality characteristics
willingness to spend
PLS-SEM
url https://www.frontiersin.org/articles/10.3389/fpsyg.2022.942252/full
work_keys_str_mv AT robertstefko psychologicalfactorsoftouristexpenditureneglectedornegligible
AT jozefdzuka psychologicalfactorsoftouristexpenditureneglectedornegligible
AT martinlacny psychologicalfactorsoftouristexpenditureneglectedornegligible