TY - JOUR
T1 - Tourism destination decisions
T2 - the impact of risk aversion and prior experience
AU - Nugraha, Albert
AU - Hamin, Hamin
AU - Elliott, Greg
PY - 2016/12/1
Y1 - 2016/12/1
N2 - This study broadly explores the impact of risk aversion on tourists' destination decisions and, in particular, explores for differences in individuals' leisure and medical tourism destination decisions. The results of this study indicate that risk aversion significantly distinguishes tourists' destination decisions in both leisure and medical tourism in Indonesia, but not in Singapore. All risk-averse groups are less likely to visit Indonesia than Singapore for leisure and medical purposes. By contrast, all risk-averse groups are likely to visit Singapore for leisure purposes, although they remain unlikely to travel to Singapore for medical tourism. In addition, the study found that the impact of prior experience on the likelihood that the two risk-averse groups will travel to Indonesia and Singapore for leisure was significant. Conversely, the effects of prior experience on medical tourism generally do not significantly differ between the two countries.
AB - This study broadly explores the impact of risk aversion on tourists' destination decisions and, in particular, explores for differences in individuals' leisure and medical tourism destination decisions. The results of this study indicate that risk aversion significantly distinguishes tourists' destination decisions in both leisure and medical tourism in Indonesia, but not in Singapore. All risk-averse groups are less likely to visit Indonesia than Singapore for leisure and medical purposes. By contrast, all risk-averse groups are likely to visit Singapore for leisure purposes, although they remain unlikely to travel to Singapore for medical tourism. In addition, the study found that the impact of prior experience on the likelihood that the two risk-averse groups will travel to Indonesia and Singapore for leisure was significant. Conversely, the effects of prior experience on medical tourism generally do not significantly differ between the two countries.
KW - analysis of variance
KW - risk aversion
KW - prior experience
KW - leisure tourism
KW - medical tourism
UR - http://www.scopus.com/inward/record.url?scp=84963594965&partnerID=8YFLogxK
U2 - 10.1080/10941665.2016.1141225
DO - 10.1080/10941665.2016.1141225
M3 - Article
AN - SCOPUS:84963594965
SN - 1094-1665
VL - 21
SP - 1274
EP - 1284
JO - Asia Pacific Journal of Tourism Research
JF - Asia Pacific Journal of Tourism Research
IS - 12
ER -