Applying Regression Model for Changes in Population Age Structure on Domestic Tourism Demand

Changes in age structure are common in most countries because of aging and lower birth rates. In this study, we constructed a domestic tourism demand model using the concept of the proportion of the prime tourist population to investigate the effect of changes in the age structure of the population....

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Bibliographic Details
Main Authors: Tzong-Shyuan Chen, Jui-Yuan Chu
Format: Article
Language:English
Published: MDPI AG 2023-06-01
Series:Engineering Proceedings
Subjects:
Online Access:https://www.mdpi.com/2673-4591/38/1/47
Description
Summary:Changes in age structure are common in most countries because of aging and lower birth rates. In this study, we constructed a domestic tourism demand model using the concept of the proportion of the prime tourist population to investigate the effect of changes in the age structure of the population. A regression model with the time series data of the number of domestic tourists in Taiwan from 2001 to 2021 was adopted in this study. The results showed that there was a significant positive relationship between the proportion of the prime tourist population and domestic tourism demand, indicating that aging impacted the domestic tourism market negatively.
ISSN:2673-4591