Research Article
BibTex RIS Cite

Understanding Budget Travelers' Responses to Price Hikes: Insights from Emerging Tourism Markets

Year 2025, Volume: 6 Issue: 1, 1 - 15, 28.03.2025
https://doi.org/10.54493/jgttr.1555496

Abstract

This study aims to investigate the impacts of price hikes on the needs and choices of Bangladeshi budget-minded travelers. A questionnaire structured with a five-point Likert scale is used and the researchers employed a convenience sample of 350 travelers. The researcher carried out Partial least squares (PLS) and structural equation modeling (SEM) to evaluate the conceptual framework and to test hypotheses. The findings of the study indicate that variables covering journey planning, which includes frequency of travel, food choice, and destination selection collectively have a noteworthy impact on the preferences and choices of budget travelers in Bangladesh. Additionally, the paper demonstrates significant insights for tourism stakeholders like local authorities and service providers to adapt to the continuously changing preferences of budget travelers.

References

  • Ahmed T, Acharjee SK, and Nidhi UH. (2023). Influence of online reviews on hotel reservation intentions: insights from Bangladeshi travellers, Int. J. Manag. Account. 5(6), 99-113. doi: 10.34104/ijma.023.00990113
  • Ahmed, T., Shuvo, M. I., Imam, Rifat, M. H., Hasan, M., & Akter, N. (2024). The interplay of price, word-of-mouth, and tourist satisfaction in marine tourism. International Research Journal of Engineering, IT and Scientific Research, 10(6), 137–152. https://doi.org/10.21744/irjeis.v10n6.2477
  • Ahmed, T., & Shuvo, I. M. (2024). Halal tourism in Bangladesh: An exploratory study on its demand and opportunities. Journal of Islamic Tourism, 4(1), 42–71.
  • Akter, H., Akhtar, S., & Ali, S. (2017). Tourism demand in Bangladesh: Gravity model analysis. Tourism: An International Interdisciplinary Journal, 65(3), 346-360.
  • Alegre, J., Mateo, S., & Pou, L. (2010). An analysis of households' appraisal of their budget constraints for potential participation in tourism. Tourism Management, 31(1), 45-56. https://doi.org/10.1016/j.tourman.2009.02.004
  • Al-Mulali, U., Gholipour, H. F., & Al-hajj, E. (2020). The nonlinear effects of oil prices on tourism arrivals in Malaysia. Current Issues in Tourism, 23(8), 942-946. https://doi.org/10.1080/13683500.2019.1586844
  • Björk, P., & Kauppinen-Räisänen, H. (2016). Exploring the multi-dimensionality of travellers’ culinary-gastronomic experiences. Current Issues in Tourism, 19(12), 1260-1280. https://doi.org/10.1080/13683500.2013.868412
  • Bohoslavsky, J. P. (2016). Economic inequality, debt crises, and human rights. Yale Journal of International Law, 41(2), 177-200.
  • Cohen, S. A., Prayag, G., & Moital, M. (2014). Consumer behaviour in tourism: Concepts, influences and opportunities. Current issues in Tourism, 17(10), 872-909. https://doi.org/10.1080/13683500.2013.850064
  • Comerio, N., & Strozzi, F. (2019). Tourism and its economic impact: A literature review using bibliometric tools. Tourism Economics, 25(1), 109-131. https://doi.org/10.1177/1354816618793762
  • Coughlan, L. M., & Saayman, M. (2018). Budget travel: Understanding what motivates budget travellers. Tourism Economics, 24(6), 731-743.
  • Cronjé, D. F., & du Plessis, E. (2020). A review on tourism destination competitiveness. Journal of Hospitality and Tourism Management, 45, 256-265. https://doi.org/10.1016/j.jhtm.2020.06.012
  • Das, R. K., & Chakraborty, J. (2012). An evaluative study on tourism in Bangladesh. Developing Country Studies, 2(1), 17-27.
  • Eadington, W. R., & Redman, M. (1991). Economics and tourism. Annals of Tourism Research, 18(1), 41-56. https://doi.org/10.1016/0160-7383(91)90038-D
  • Evans, N. W., Hartshorn, K. J., Cox, T. L., & De Jel, T. M. (2014). Measuring written linguistic accuracy with weighted clause ratios: A question of validity. Journal of Second Language Writing, 24, 33-50. https://doi.org/10.1016/j.jslw.2014.02.005
  • Hair, J. F., Risher, J. J., Sarstedt, M., & Ringle, C. M. (2019). When to use and how to report the results of PLS-SEM. European business review, 31(1), 2-24 https://doi.org/10.1108/EBR-11-2018-0203.
  • Islam, S. M., & Akter, S. R. (2021). Problems and prospects of tourism industry in Bangladesh: A study on Cumilla district. South Asian Journal of Social Studies and Economics, 10(4), 27-35. 10.9734/sajsse/2021/v10i430271
  • Karl, M., Ritchie, B. W., & Wieland, A. (2020). A resilience-based model of destination adaptation to crisis. Annals of Tourism Research, 87, 103-107.
  • Kolupaev, V. A., Rahmani, K., & Sukmana, I. (2018). Trends in budget tourism and its characteristics in developing countries. Journal of Tourism Research & Hospitality, 7(2), 56-72.
  • LaMondia, J. J., Snell, T. J., & Bhat, C. R. (2014). Traveler behavior and values analysis in rural and urban settings. Transportation Research Part A: Policy and Practice, 67, 81-98. https://doi.org/10.3141/2156-16
  • Loker-Murphy, L., & Pearce, P. L. (1995). Young budget travelers: Backpackers in Australia. Annals of Tourism Research, 22(4), 819-843. https://doi.org/10.1016/0160-7383(95)00026-0

Son Fiyat Artışlarının Bütçeyle Seyahat Edenlerin Tercihleri ​​ve Seçimleri Üzerindeki Etkileri: Bangladeş Temelli Ampirik Bir Çalışma

Year 2025, Volume: 6 Issue: 1, 1 - 15, 28.03.2025
https://doi.org/10.54493/jgttr.1555496

Abstract

Bu çalışma, fiyat artışlarının Bangladeşli bütçe odaklı gezginlerin ihtiyaçları ve tercihleri ​​üzerindeki etkilerini araştırmayı amaçlamaktadır. Beş noktalı Likert ölçeğiyle yapılandırılmış bir anket kullanılmış ve araştırmacılar 350 gezginden oluşan uygun bir örneklem kullanmıştır. Araştırmacı kavramsal çerçeveyi değerlendirmek ve hipotezleri test etmek için Kısmi En Küçük Kareler (PLS) ve yapısal eşitlik modellemesi (SEM) gerçekleştirmiştir. Araştırmanın bulguları, seyahat sıklığı, yiyecek seçimi ve destinasyon seçimini içeren yolculuk planlamasını kapsayan değişkenlerin, Bangladeş'teki bütçeli gezginlerin tercihleri ​​ve seçimleri üzerinde dikkate değer bir etkiye sahip olduğunu göstermektedir. Ek olarak belge, yerel yönetimler ve hizmet sağlayıcılar gibi turizm paydaşlarının, bütçesine uygun seyahat edenlerin sürekli değişen tercihlerine uyum sağlamaları için önemli bilgiler ortaya koymaktadır.

References

  • Ahmed T, Acharjee SK, and Nidhi UH. (2023). Influence of online reviews on hotel reservation intentions: insights from Bangladeshi travellers, Int. J. Manag. Account. 5(6), 99-113. doi: 10.34104/ijma.023.00990113
  • Ahmed, T., Shuvo, M. I., Imam, Rifat, M. H., Hasan, M., & Akter, N. (2024). The interplay of price, word-of-mouth, and tourist satisfaction in marine tourism. International Research Journal of Engineering, IT and Scientific Research, 10(6), 137–152. https://doi.org/10.21744/irjeis.v10n6.2477
  • Ahmed, T., & Shuvo, I. M. (2024). Halal tourism in Bangladesh: An exploratory study on its demand and opportunities. Journal of Islamic Tourism, 4(1), 42–71.
  • Akter, H., Akhtar, S., & Ali, S. (2017). Tourism demand in Bangladesh: Gravity model analysis. Tourism: An International Interdisciplinary Journal, 65(3), 346-360.
  • Alegre, J., Mateo, S., & Pou, L. (2010). An analysis of households' appraisal of their budget constraints for potential participation in tourism. Tourism Management, 31(1), 45-56. https://doi.org/10.1016/j.tourman.2009.02.004
  • Al-Mulali, U., Gholipour, H. F., & Al-hajj, E. (2020). The nonlinear effects of oil prices on tourism arrivals in Malaysia. Current Issues in Tourism, 23(8), 942-946. https://doi.org/10.1080/13683500.2019.1586844
  • Björk, P., & Kauppinen-Räisänen, H. (2016). Exploring the multi-dimensionality of travellers’ culinary-gastronomic experiences. Current Issues in Tourism, 19(12), 1260-1280. https://doi.org/10.1080/13683500.2013.868412
  • Bohoslavsky, J. P. (2016). Economic inequality, debt crises, and human rights. Yale Journal of International Law, 41(2), 177-200.
  • Cohen, S. A., Prayag, G., & Moital, M. (2014). Consumer behaviour in tourism: Concepts, influences and opportunities. Current issues in Tourism, 17(10), 872-909. https://doi.org/10.1080/13683500.2013.850064
  • Comerio, N., & Strozzi, F. (2019). Tourism and its economic impact: A literature review using bibliometric tools. Tourism Economics, 25(1), 109-131. https://doi.org/10.1177/1354816618793762
  • Coughlan, L. M., & Saayman, M. (2018). Budget travel: Understanding what motivates budget travellers. Tourism Economics, 24(6), 731-743.
  • Cronjé, D. F., & du Plessis, E. (2020). A review on tourism destination competitiveness. Journal of Hospitality and Tourism Management, 45, 256-265. https://doi.org/10.1016/j.jhtm.2020.06.012
  • Das, R. K., & Chakraborty, J. (2012). An evaluative study on tourism in Bangladesh. Developing Country Studies, 2(1), 17-27.
  • Eadington, W. R., & Redman, M. (1991). Economics and tourism. Annals of Tourism Research, 18(1), 41-56. https://doi.org/10.1016/0160-7383(91)90038-D
  • Evans, N. W., Hartshorn, K. J., Cox, T. L., & De Jel, T. M. (2014). Measuring written linguistic accuracy with weighted clause ratios: A question of validity. Journal of Second Language Writing, 24, 33-50. https://doi.org/10.1016/j.jslw.2014.02.005
  • Hair, J. F., Risher, J. J., Sarstedt, M., & Ringle, C. M. (2019). When to use and how to report the results of PLS-SEM. European business review, 31(1), 2-24 https://doi.org/10.1108/EBR-11-2018-0203.
  • Islam, S. M., & Akter, S. R. (2021). Problems and prospects of tourism industry in Bangladesh: A study on Cumilla district. South Asian Journal of Social Studies and Economics, 10(4), 27-35. 10.9734/sajsse/2021/v10i430271
  • Karl, M., Ritchie, B. W., & Wieland, A. (2020). A resilience-based model of destination adaptation to crisis. Annals of Tourism Research, 87, 103-107.
  • Kolupaev, V. A., Rahmani, K., & Sukmana, I. (2018). Trends in budget tourism and its characteristics in developing countries. Journal of Tourism Research & Hospitality, 7(2), 56-72.
  • LaMondia, J. J., Snell, T. J., & Bhat, C. R. (2014). Traveler behavior and values analysis in rural and urban settings. Transportation Research Part A: Policy and Practice, 67, 81-98. https://doi.org/10.3141/2156-16
  • Loker-Murphy, L., & Pearce, P. L. (1995). Young budget travelers: Backpackers in Australia. Annals of Tourism Research, 22(4), 819-843. https://doi.org/10.1016/0160-7383(95)00026-0
There are 21 citations in total.

Details

Primary Language English
Subjects Recreation, Leisure and Tourism Geography, Tourism Policy, Business Administration
Journal Section Research Articles
Authors

Sanjoy Kumar Acharjee 0009-0002-0270-5293

Bipasha Sukrana 0009-0003-3133-5225

Tanvir Ahmed 0009-0002-4104-6059

Early Pub Date March 24, 2025
Publication Date March 28, 2025
Submission Date September 24, 2024
Acceptance Date January 17, 2025
Published in Issue Year 2025 Volume: 6 Issue: 1

Cite

APA Acharjee, S. K., Sukrana, B., & Ahmed, T. (2025). Understanding Budget Travelers’ Responses to Price Hikes: Insights from Emerging Tourism Markets. Journal of Global Tourism and Technology Research, 6(1), 1-15. https://doi.org/10.54493/jgttr.1555496

2158721588215892159021591215922159321802 2180322750 23046download