Research Article
BibTex RIS Cite

Year 2025, Volume: 12 Issue: 3, 816 - 843, 30.09.2025

Abstract

References

  • Andersen, P. H., & Strandskov, J. (1998). International market selection: A cognitive mapping perspective. Journal of Global Marketing, 11(3),65–84.
  • Badie, N., Hussin, A. R. C., & Lashkari, A. H. (2015). Cloud computing data center adoption factors validity by fuzzy AHP. International Journal of Computational Intelligence Systems, 8(5), 854-873.
  • Basel, S., Gopakumar, K. U., & Rao, R. P. (2022). Classification of countries based on development indices by using K-means and grey relational analysis. GeoJournal, 87, 3915–3933 https://doi.org/10.1007/s10708-021-10479-2
  • Bosáková, L., Kubák, M., Andrejkovič, M., & Hajduová, Z. (2015). Doing business abroad: utility function model for country selection in preliminary screening phase. Central European Journal of Operations Research, 23, 53-68.
  • Cavusgil, S. T. (1985). Guidelines for export market research. Business Horizons, 28(6), 27-33.
  • Cavusgil, S. T. (1997). Measuring the potential of emerging markets: An indexing approach. Business Horizons, 40(1), 87-92.
  • Cavusgil, S. T., Kiyak, T., & Yeniyurt, S. (2004). Complementary approaches to preliminary foreign market opportunity assessment: Country clustering and country ranking. Industrial Marketing Management, 33(7), 607-617.
  • Cavusgil, T., Knight, G.Riesenberger J. And Yaprak A. (2009). Conducting market research for international business. Business Expert Press. Çınar, K., & Şener, G. (2021). Impact of crises on the tourism industry: Evidence from Türkiye. In Pandemics and Travel: COVID-19 Impacts in the Tourism Industry (pp. 29-47). Emerald Publishing Limited. Craig, C. S., & Douglas, S. P. (2005). International marketing research. John Wiley & Sons. Demidovskij, A. V. (2020, May). Comparative analysis of MADM approaches: ELECTRE, TOPSIS and multi-level LDM methodology. In 2020 XXIII International Conference on Soft Computing and Measurements (SCM) (pp. 190-193). IEEE. Dubey, S. R., Dixit, P., Singh, N., & Gupta, J. P. (2013). Infected fruit part detection using K-means clustering segmentation technique. International Journal of Artificial Intelligence and Interactive Multimedia, 2(2).
  • dos Santos, B. M., Godoy, L. P., & Campos, L. M. S. (2019). Performance evaluation of green suppliers using entropy-TOPSIS-F. Journal of Cleaner Production, 207, 498–509. https://doi.org/10.1016/j.jclepro.2018.09.235
  • Durojaye, D. I., & Obunadike, G. (2022). Analysis and visualization of market segmentation in banking sector using K-means machine learning algorithm. FUDMA Journal of Sciences, 6(1), 387-393.
  • Emami, M., & Razi, F. (2014). A hybrid grey based K-means and feature selection for bank evaluation. Decision Science Letters, 3(3), 269–274.
  • Eugenio-Martin, J. L., Martín-Morales, N., & Sinclair, M. T. (2008). The role of economic development in tourism demand. Tourism Economics, 14(4), 673-690.
  • Eugenio-Martin, J. L., & Inchausti-Sintes, F. (2016). Low-cost travel and tourism expenditures. Annals of Tourism Research, 57, 140-159.
  • Gallego, I., González-Rodríguez, M. R., & Font, X. (2023). A multi-criteria, composite index methodology to measure the suitability of target markets for the hotel industry. Tourism Management Perspectives, 47, 101104.
  • Gaston‐Breton, C., & Martín Martín, O. (2011). International market selection and segmentation: A two‐stage model. International Marketing Review, 28(3), 267-290.
  • Gretzel, U. (2022). The Smart DMO: A new step in the digital transformation of destination management organizations. European Journal of Tourism Research, 30, 3002-3002.
  • Górecka, D., & Szałucka, M. (2013). Country market selection in international expansion using multi-criteria decision aiding methods. Multiple Criteria Decision Making, (8), 32-55.
  • Huang, Y. L., & Lin, C. T. (2009). Constructing grey relation analysis model evaluation of tourism competitiveness. Journal of Information and Optimization Sciences, 30(6), 1129-1138.
  • Huang, A., De la Mora Velasco, E., Haney, A., & Alvarez, S. (2022). The future of destination marketing organizations in the insight era. Tourism and Hospitality, 3(3), 803-808.
  • Jang, S. C., Morrison, A. M., & T O'Leary, J. (2002). Benefit segmentation of Japanese pleasure travelers to the USA and Canada: selecting target markets based on the profitability and risk of individual market segments. Tourism Management, 23(4), 367-378.
  • Jang, S., Morrison, A. M., & O'Leary, J. T. (2004). A procedure for target market selection in tourism. Journal of Travel and Tourism Marketing, 16(1), 19–33. https://doi.org/10.1300/J073v16n01_03
  • Jeou-Shyan, H., Hsuan, H., Chih-Hsing, L., Lin, L., & Chang-Yen, T. (2011). Competency analysis of top managers in the Taiwanese hotel industry. International Journal of Hospitality Management, 30(4), 1044-1054.
  • Koch, A. J. (2001). Selecting overseas markets and entry modes: two decision processes or one?. Marketing Intelligence & Planning, 19(1), 65-75.
  • Koçak, D. (2020). Green growth dynamics in OECD countries: an application of grey relational analysis. Grey Systems: Theory and Application, 10(4), 545-563.
  • Koçak, D., & Özer, M. A. (2022). Comparing the quality of governance across the European Union member countries: A grey relational analysis approach. Policy Studies, 43(5), 1135-1155.
  • Kotler, P., Bowen, J., Makens, J. & Baloglu, S. (2017). Developing Hospitality and Tourism Marketing Opportunities and Strategies. In Marketing for Hospitality and Tourism (7nd ed.) (pp. 107-248). Pearson. Essex, England.
  • Kumar, V., Stam, A., & Joachimsthaler, E. A. (1994). An interactive multi-criteria approach to identifying potential foreign markets. Journal of International Marketing, 2(1), 29-52.
  • Lawshe, C. H. (1975). A quantitative approach to content validity. Personnel Psychology, 28(4), 563-575.
  • Lee, G., Morrison, A. M., & O'Leary, J. T. (2006). The economic value portfolio matrix: A target market selection tool for destination marketing organizations. Tourism Management, 27(4), 576-588.
  • Lee, P. T. W., Lin, C. W., & Shin, S. H. (2012). A comparative study on financial positions of shipping companies in Taiwan and Korea using entropy and grey relation analysis. Expert Systems with Applications, 39(5), 5649-5657.
  • Li, X., Wang, K., Liu, L., Xin, J., Yang, H., & Gao, C. (2011). Application of the entropy weight and TOPSIS method in safety evaluation of coal mines. Procedia Engineering, 26, 2085-2091.
  • McQueen, J., & Miller, K. E. (1985). Target market selection of tourists: A comparison of approaches. Journal of Travel Research, 24(1), 2-6.
  • Malekpoor, H., Chalvatzis, K., Mishra, N., Mehlawat, M. K., Zafirakis, D., & Song, M. (2018). Integrated grey relational analysis and multi objective grey linear programming for sustainable electricity generation planning. Annals of Operations Research, 269(1–2), 475–503. https://doi.org/10.1007/s10479-017-2566-4
  • Middleton, V. T., & Clarke, J. R. (2009). Marketing in travel and tourism. Routledge.
  • Neuer Colburn, A. A., Grothaus, T., Hays, D. G., & Milliken, T. (2016). A Delphi study and initial validation of counselor supervision competencies. Counselor Education and Supervision, 55(1), 2-15.
  • Nolan, B., Roser, M., & Thewissen, S. (2019). GDP per capita versus median household income: What gives rise to the divergence over time and how does this vary across OECD countries?. Review of Income and Wealth, 65(3), 465-494.
  • Nganga, P. S., & Maruyama, Y. (2015). Market attractiveness evaluation of Sub-Saharan Africa, applying SWOT analysis and AHP methods. Journal of Economics and Economic Education Research, 16(1), 1-18.
  • Oey, E., Noviyanti, & Sanny, L. (2018). Evaluating international market selection with multi-criteria decision making tools - A case study of a metal company in Indonesia. International Journal of Business Excellence, 16(3), 341-361.
  • Ozturk, A., Joiner, E., Cavusgil, S. T. (2015). Delineating foreign market potential: A tool for international market selection. Thunderbird International Business Review, 57(2), 119-141.
  • Park, D. B., & Yoon, Y. S. (2009). Segmentation by motivation in rural tourism: A Korean case study. Tourism Management, 30(1), 99-108.
  • Pike, S. (2008). Target Markets. In Destination Marketing: An Integrated Marketing Communication Approach. Elsevier, Oxford.
  • Polyzos, S., Samitas, A., & Spyridou, A. E. (2021). Tourism demand and the COVID-19 pandemic: An LSTM approach. Tourism Recreation Research, 46(2), 175-187.
  • Prideaux, B. (2000). The role of the transport system in destination development. Tourism Management, 21(1), 53-63.
  • Priya, P., & Venkatesh, A. (2012). Integration of analytic hierarchy process with regression analysis to identify attractive locations for market expansion. Journal of Multi-Criteria Decision Analysis, 19(3-4), 143-153.
  • Pyo, S. (2015). Integrating tourist market segmentation, targeting, and positioning using association rules. Information Technology & Tourism, 15, 253-281.
  • Russow, L. C., & Okoroafo, S. C. (1996). On the way towards developing a global screening model. International Marketing Review, 13(1), 46-64.
  • Republic of Türkiye Ministry of Culture and Tourism. (2023). Border Statistics, August 2023 newsletter. https://yigm.ktb.gov.tr/TR-338403/2023.html
  • Shannon, C. E. (1948). A mathematical theory of communication. The Bell system technical journal, 27(3), 379-423.
  • Swoboda, B., Schwarz, S., & Hälsig, F. (2007). Towards a conceptual model of country market selection: Selection processes of retailers and C&C wholesalers. International Review of Retail, Distribution and Consumer Research, 17(3), 253-282.
  • Tong, L. I., & Wang, C. H. (2003). Quality improvement for dynamic ordered categorical response using grey relational analysis. The International Journal of Advanced Manufacturing Technology, 21, 377-383.
  • Uppink, L., & Soshkin, M. (2022, May 24). Travel & Tourism Development Index 2021: Rebuilding for a sustainable and resilient future. WorldEconomic Forum. www.weforum.org/reports/travel-and-tourism-development-index-2021/.
  • Vanegas-López, J. G., Baena-Rojas, J. J., López-Cadavid, D. A., & Mathew, M. (2021). International market selection: An application of hybrid multi-criteria decision-making technique in the textile sector. Review of International Business and Strategy, 31(1), 127-150.
  • Vietze, C. (2011). What's pushing international tourism expenditures?. Tourism Economics, 17(2), 237-260.
  • Wagenseil, U., Wyss, M., & Huck, L. (2024). The case of sustainable tourism development in alpine destinations: Importance, implementation, and the role of the local DMO. Tourism Planning & Development, 21(6), 659-681.
  • Wu, H. H. (2002). A comparative study of using grey relational analysis in multiple attribute decision making problems. Quality Engineering, 15(2), 209-217.
  • Ye Sheng, S., & Mullen, M. R. (2011). A hybrid model for export market opportunity analysis. International Marketing Review, 28(2), 163-182.
  • Yildirim, B. F. (2015). Gri ilişkisel analiz. In Cok kriterli karar verme yontemleri. Dora.
  • Zarandi, S., Shahabi, V., Emami, M., Rezaee, A., & Hassanloo, M. (2014). Ranking banks using k-means and grey relational method. Management Science Letters, 4(10), 2319-2324.
  • Zhu, R., Bhutta, Z. M., Zhu, Y., Ubaidullah, F., Saleem, M., & Khalid, S. (2022). Grey relational analysis of country-level entrepreneurial environment: A study of selected forty-eight countries. Frontiers in Environmental Science, 10, 985426.

International Target Market Selection in Tourism: A Preliminary Screening Application Based on Grey Relational Analysis and K-Means

Year 2025, Volume: 12 Issue: 3, 816 - 843, 30.09.2025

Abstract

International market selection (IMS) involves strategically identifying promising markets for business focus and expansion. Preliminary screening is recognized as a fundamental stage in the IMS process. During this stage, market alternatives are evaluated by eliminating countries that do not align with the predefined targets. This research aims to evaluate the market attractiveness of countries for Türkiye's Destination Marketing Organizations, utilizing a preliminary screening approach based on Grey Relational Analysis and K-Means. In this context, the tourism market attractiveness of 99 countries was compared based on 19 criteria. According to the results, countries are divided into four clusters. Cluster 1 includes two countries, the US and China, which are identified as the most attractive markets. In addition, twenty-one countries are in Cluster 2, twenty-nine in Cluster 3, and forty-seven in Cluster 4. The study also provides recommendations for the future tourism promotion and marketing efforts of DMOs in Türkiye, considering countries' rankings and clusters.

Ethical Statement

Ethics Committee approval was not required for this study. The author declares that the study was conducted in accordance with research and publication ethics. The author confirms that no part of the study was generated, either wholly or in part, using Artificial Intelligence (AI) tools. The author declares that there are no financial conflicts of interest involving any institution, organization, or individual associated with this article. The author affirms that the entire research process was performed by the sole declared author of the study.

Supporting Institution

Ondokuz Mayıs University

References

  • Andersen, P. H., & Strandskov, J. (1998). International market selection: A cognitive mapping perspective. Journal of Global Marketing, 11(3),65–84.
  • Badie, N., Hussin, A. R. C., & Lashkari, A. H. (2015). Cloud computing data center adoption factors validity by fuzzy AHP. International Journal of Computational Intelligence Systems, 8(5), 854-873.
  • Basel, S., Gopakumar, K. U., & Rao, R. P. (2022). Classification of countries based on development indices by using K-means and grey relational analysis. GeoJournal, 87, 3915–3933 https://doi.org/10.1007/s10708-021-10479-2
  • Bosáková, L., Kubák, M., Andrejkovič, M., & Hajduová, Z. (2015). Doing business abroad: utility function model for country selection in preliminary screening phase. Central European Journal of Operations Research, 23, 53-68.
  • Cavusgil, S. T. (1985). Guidelines for export market research. Business Horizons, 28(6), 27-33.
  • Cavusgil, S. T. (1997). Measuring the potential of emerging markets: An indexing approach. Business Horizons, 40(1), 87-92.
  • Cavusgil, S. T., Kiyak, T., & Yeniyurt, S. (2004). Complementary approaches to preliminary foreign market opportunity assessment: Country clustering and country ranking. Industrial Marketing Management, 33(7), 607-617.
  • Cavusgil, T., Knight, G.Riesenberger J. And Yaprak A. (2009). Conducting market research for international business. Business Expert Press. Çınar, K., & Şener, G. (2021). Impact of crises on the tourism industry: Evidence from Türkiye. In Pandemics and Travel: COVID-19 Impacts in the Tourism Industry (pp. 29-47). Emerald Publishing Limited. Craig, C. S., & Douglas, S. P. (2005). International marketing research. John Wiley & Sons. Demidovskij, A. V. (2020, May). Comparative analysis of MADM approaches: ELECTRE, TOPSIS and multi-level LDM methodology. In 2020 XXIII International Conference on Soft Computing and Measurements (SCM) (pp. 190-193). IEEE. Dubey, S. R., Dixit, P., Singh, N., & Gupta, J. P. (2013). Infected fruit part detection using K-means clustering segmentation technique. International Journal of Artificial Intelligence and Interactive Multimedia, 2(2).
  • dos Santos, B. M., Godoy, L. P., & Campos, L. M. S. (2019). Performance evaluation of green suppliers using entropy-TOPSIS-F. Journal of Cleaner Production, 207, 498–509. https://doi.org/10.1016/j.jclepro.2018.09.235
  • Durojaye, D. I., & Obunadike, G. (2022). Analysis and visualization of market segmentation in banking sector using K-means machine learning algorithm. FUDMA Journal of Sciences, 6(1), 387-393.
  • Emami, M., & Razi, F. (2014). A hybrid grey based K-means and feature selection for bank evaluation. Decision Science Letters, 3(3), 269–274.
  • Eugenio-Martin, J. L., Martín-Morales, N., & Sinclair, M. T. (2008). The role of economic development in tourism demand. Tourism Economics, 14(4), 673-690.
  • Eugenio-Martin, J. L., & Inchausti-Sintes, F. (2016). Low-cost travel and tourism expenditures. Annals of Tourism Research, 57, 140-159.
  • Gallego, I., González-Rodríguez, M. R., & Font, X. (2023). A multi-criteria, composite index methodology to measure the suitability of target markets for the hotel industry. Tourism Management Perspectives, 47, 101104.
  • Gaston‐Breton, C., & Martín Martín, O. (2011). International market selection and segmentation: A two‐stage model. International Marketing Review, 28(3), 267-290.
  • Gretzel, U. (2022). The Smart DMO: A new step in the digital transformation of destination management organizations. European Journal of Tourism Research, 30, 3002-3002.
  • Górecka, D., & Szałucka, M. (2013). Country market selection in international expansion using multi-criteria decision aiding methods. Multiple Criteria Decision Making, (8), 32-55.
  • Huang, Y. L., & Lin, C. T. (2009). Constructing grey relation analysis model evaluation of tourism competitiveness. Journal of Information and Optimization Sciences, 30(6), 1129-1138.
  • Huang, A., De la Mora Velasco, E., Haney, A., & Alvarez, S. (2022). The future of destination marketing organizations in the insight era. Tourism and Hospitality, 3(3), 803-808.
  • Jang, S. C., Morrison, A. M., & T O'Leary, J. (2002). Benefit segmentation of Japanese pleasure travelers to the USA and Canada: selecting target markets based on the profitability and risk of individual market segments. Tourism Management, 23(4), 367-378.
  • Jang, S., Morrison, A. M., & O'Leary, J. T. (2004). A procedure for target market selection in tourism. Journal of Travel and Tourism Marketing, 16(1), 19–33. https://doi.org/10.1300/J073v16n01_03
  • Jeou-Shyan, H., Hsuan, H., Chih-Hsing, L., Lin, L., & Chang-Yen, T. (2011). Competency analysis of top managers in the Taiwanese hotel industry. International Journal of Hospitality Management, 30(4), 1044-1054.
  • Koch, A. J. (2001). Selecting overseas markets and entry modes: two decision processes or one?. Marketing Intelligence & Planning, 19(1), 65-75.
  • Koçak, D. (2020). Green growth dynamics in OECD countries: an application of grey relational analysis. Grey Systems: Theory and Application, 10(4), 545-563.
  • Koçak, D., & Özer, M. A. (2022). Comparing the quality of governance across the European Union member countries: A grey relational analysis approach. Policy Studies, 43(5), 1135-1155.
  • Kotler, P., Bowen, J., Makens, J. & Baloglu, S. (2017). Developing Hospitality and Tourism Marketing Opportunities and Strategies. In Marketing for Hospitality and Tourism (7nd ed.) (pp. 107-248). Pearson. Essex, England.
  • Kumar, V., Stam, A., & Joachimsthaler, E. A. (1994). An interactive multi-criteria approach to identifying potential foreign markets. Journal of International Marketing, 2(1), 29-52.
  • Lawshe, C. H. (1975). A quantitative approach to content validity. Personnel Psychology, 28(4), 563-575.
  • Lee, G., Morrison, A. M., & O'Leary, J. T. (2006). The economic value portfolio matrix: A target market selection tool for destination marketing organizations. Tourism Management, 27(4), 576-588.
  • Lee, P. T. W., Lin, C. W., & Shin, S. H. (2012). A comparative study on financial positions of shipping companies in Taiwan and Korea using entropy and grey relation analysis. Expert Systems with Applications, 39(5), 5649-5657.
  • Li, X., Wang, K., Liu, L., Xin, J., Yang, H., & Gao, C. (2011). Application of the entropy weight and TOPSIS method in safety evaluation of coal mines. Procedia Engineering, 26, 2085-2091.
  • McQueen, J., & Miller, K. E. (1985). Target market selection of tourists: A comparison of approaches. Journal of Travel Research, 24(1), 2-6.
  • Malekpoor, H., Chalvatzis, K., Mishra, N., Mehlawat, M. K., Zafirakis, D., & Song, M. (2018). Integrated grey relational analysis and multi objective grey linear programming for sustainable electricity generation planning. Annals of Operations Research, 269(1–2), 475–503. https://doi.org/10.1007/s10479-017-2566-4
  • Middleton, V. T., & Clarke, J. R. (2009). Marketing in travel and tourism. Routledge.
  • Neuer Colburn, A. A., Grothaus, T., Hays, D. G., & Milliken, T. (2016). A Delphi study and initial validation of counselor supervision competencies. Counselor Education and Supervision, 55(1), 2-15.
  • Nolan, B., Roser, M., & Thewissen, S. (2019). GDP per capita versus median household income: What gives rise to the divergence over time and how does this vary across OECD countries?. Review of Income and Wealth, 65(3), 465-494.
  • Nganga, P. S., & Maruyama, Y. (2015). Market attractiveness evaluation of Sub-Saharan Africa, applying SWOT analysis and AHP methods. Journal of Economics and Economic Education Research, 16(1), 1-18.
  • Oey, E., Noviyanti, & Sanny, L. (2018). Evaluating international market selection with multi-criteria decision making tools - A case study of a metal company in Indonesia. International Journal of Business Excellence, 16(3), 341-361.
  • Ozturk, A., Joiner, E., Cavusgil, S. T. (2015). Delineating foreign market potential: A tool for international market selection. Thunderbird International Business Review, 57(2), 119-141.
  • Park, D. B., & Yoon, Y. S. (2009). Segmentation by motivation in rural tourism: A Korean case study. Tourism Management, 30(1), 99-108.
  • Pike, S. (2008). Target Markets. In Destination Marketing: An Integrated Marketing Communication Approach. Elsevier, Oxford.
  • Polyzos, S., Samitas, A., & Spyridou, A. E. (2021). Tourism demand and the COVID-19 pandemic: An LSTM approach. Tourism Recreation Research, 46(2), 175-187.
  • Prideaux, B. (2000). The role of the transport system in destination development. Tourism Management, 21(1), 53-63.
  • Priya, P., & Venkatesh, A. (2012). Integration of analytic hierarchy process with regression analysis to identify attractive locations for market expansion. Journal of Multi-Criteria Decision Analysis, 19(3-4), 143-153.
  • Pyo, S. (2015). Integrating tourist market segmentation, targeting, and positioning using association rules. Information Technology & Tourism, 15, 253-281.
  • Russow, L. C., & Okoroafo, S. C. (1996). On the way towards developing a global screening model. International Marketing Review, 13(1), 46-64.
  • Republic of Türkiye Ministry of Culture and Tourism. (2023). Border Statistics, August 2023 newsletter. https://yigm.ktb.gov.tr/TR-338403/2023.html
  • Shannon, C. E. (1948). A mathematical theory of communication. The Bell system technical journal, 27(3), 379-423.
  • Swoboda, B., Schwarz, S., & Hälsig, F. (2007). Towards a conceptual model of country market selection: Selection processes of retailers and C&C wholesalers. International Review of Retail, Distribution and Consumer Research, 17(3), 253-282.
  • Tong, L. I., & Wang, C. H. (2003). Quality improvement for dynamic ordered categorical response using grey relational analysis. The International Journal of Advanced Manufacturing Technology, 21, 377-383.
  • Uppink, L., & Soshkin, M. (2022, May 24). Travel & Tourism Development Index 2021: Rebuilding for a sustainable and resilient future. WorldEconomic Forum. www.weforum.org/reports/travel-and-tourism-development-index-2021/.
  • Vanegas-López, J. G., Baena-Rojas, J. J., López-Cadavid, D. A., & Mathew, M. (2021). International market selection: An application of hybrid multi-criteria decision-making technique in the textile sector. Review of International Business and Strategy, 31(1), 127-150.
  • Vietze, C. (2011). What's pushing international tourism expenditures?. Tourism Economics, 17(2), 237-260.
  • Wagenseil, U., Wyss, M., & Huck, L. (2024). The case of sustainable tourism development in alpine destinations: Importance, implementation, and the role of the local DMO. Tourism Planning & Development, 21(6), 659-681.
  • Wu, H. H. (2002). A comparative study of using grey relational analysis in multiple attribute decision making problems. Quality Engineering, 15(2), 209-217.
  • Ye Sheng, S., & Mullen, M. R. (2011). A hybrid model for export market opportunity analysis. International Marketing Review, 28(2), 163-182.
  • Yildirim, B. F. (2015). Gri ilişkisel analiz. In Cok kriterli karar verme yontemleri. Dora.
  • Zarandi, S., Shahabi, V., Emami, M., Rezaee, A., & Hassanloo, M. (2014). Ranking banks using k-means and grey relational method. Management Science Letters, 4(10), 2319-2324.
  • Zhu, R., Bhutta, Z. M., Zhu, Y., Ubaidullah, F., Saleem, M., & Khalid, S. (2022). Grey relational analysis of country-level entrepreneurial environment: A study of selected forty-eight countries. Frontiers in Environmental Science, 10, 985426.
There are 59 citations in total.

Details

Primary Language English
Subjects Tourism Policy, Marketing Management
Journal Section Research Articles
Authors

Hüseyin Ertan İnan 0000-0002-6642-4813

Publication Date September 30, 2025
Submission Date May 16, 2024
Acceptance Date September 2, 2025
Published in Issue Year 2025 Volume: 12 Issue: 3

Cite

APA İnan, H. E. (2025). International Target Market Selection in Tourism: A Preliminary Screening Application Based on Grey Relational Analysis and K-Means. Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty, 12(3), 816-843. https://doi.org/10.30798/makuiibf.1484987

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

The author(s) bear full responsibility for the ideas and arguments presented in their articles. All scientific and legal accountability concerning the language, style, adherence to scientific ethics, and content of the published work rests solely with the author(s). Neither the journal nor the institution(s) affiliated with the author(s) assume any liability in this regard.