A dynamic analysis of repeat visitors

Ana Moniz ^[1]
1. [1] Universidade dos Açores
  
  Universidade dos Açores
  
  Portugal
Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 18, Nº. Extra 3, 2012 (Ejemplar dedicado a: New advances in tourism economics), págs. 505-517
Idioma: inglés
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Resumen
- This paper introduces the dynamic probit model to analyse the underlying reasons behind repeat visits to the Azores Islands. The advantage of the model is that it allows investigation for lags as well as for endogeneity in the covariates, thus enabling a more accurate view of the repeat visits phenomenon in a specific tourism island destination. From the model estimation, it is clear that the number of visits to the Azores Islands is a time effect that should be analysed only with dynamic models which can identify persistent variables that attract repeat tourists. The repeat tourist is supported by multiple variables, such as overall satisfaction with the destination and specific satisfaction with destination attributes. However, the most important covariates are the destination attributes that are the persistent attractors of the repeat visitor. Related policy implications are derived.