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Tourists’ travel mode and length of stay: Application of a fully nested Archimedean copula structure
Abstract Tourism decisions are interdependent of one another. This study aims to explore the interrelations among three pertinent tourism choices, i.e., travel season, transport mode and length of stay, from a data-driven perspective. To achieve a joint model of three travel behavioural decisions, this paper adopts a Frank-type fully nested Archimedean copula function, which is capable of efficiently incorporating a logistic regression model, a multinomial logit model and a lognormal accelerated failure time model. Then, we empirically evaluate the proposed model framework using single-destination Sydney-based trip-level data collected in 2017–2018. Gumbel, Clayton and Frank copula results are compared. To illustrate its application, the modelling results are used to build a simulated COVID-19 pandemic scenario according to the social distancing restrictions within New South Wales, Australia, and a three-dimensional elasticity analysis for trip destinations is performed. The findings suggest the model provides nuanced insights into simulating tourist behaviours and transport policy appraisal aimed at tourism recovery or/and development.
Tourists’ travel mode and length of stay: Application of a fully nested Archimedean copula structure
Abstract Tourism decisions are interdependent of one another. This study aims to explore the interrelations among three pertinent tourism choices, i.e., travel season, transport mode and length of stay, from a data-driven perspective. To achieve a joint model of three travel behavioural decisions, this paper adopts a Frank-type fully nested Archimedean copula function, which is capable of efficiently incorporating a logistic regression model, a multinomial logit model and a lognormal accelerated failure time model. Then, we empirically evaluate the proposed model framework using single-destination Sydney-based trip-level data collected in 2017–2018. Gumbel, Clayton and Frank copula results are compared. To illustrate its application, the modelling results are used to build a simulated COVID-19 pandemic scenario according to the social distancing restrictions within New South Wales, Australia, and a three-dimensional elasticity analysis for trip destinations is performed. The findings suggest the model provides nuanced insights into simulating tourist behaviours and transport policy appraisal aimed at tourism recovery or/and development.
Tourists’ travel mode and length of stay: Application of a fully nested Archimedean copula structure
Li, Xinming (Autor:in) / Hossein Rashidi, Taha (Autor:in) / Koo, Tay T.R. (Autor:in)
03.04.2023
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
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