Wealth effect from real estate and outbound travel demand : the Malaysian case

Hassan Gholipour Fereidouni; Usama Al-mulali; Miswan Abdul Hakim Mohammed

doi:10.1080/13683500.2014.882886

Wealth effect from real estate and outbound travel demand : the Malaysian case

Hassan Gholipour Fereidouni, Usama Al-mulali, Miswan Abdul Hakim Mohammed

Research output: Contribution to journal › Article › peer-review

30 Citations (Scopus)

Abstract

This study uses quarterly data from Malaysia (2000 -2011) to examine the relationship between the wealth effect from real estate (WERE) and outbound tourism while controlling for other relevant outbound tourism determinants. By applying time-series cointegration regressions, the results show that WERE has a positive and significant impact on Malaysian outbound travel demand. Then, we exclude the departures for business purposes from the total departures in order to have a better understanding of the impact of WERE on the consumption of a luxury good like international travel for leisure purposes. Similarly, we find that WERE increases Malaysian international travels for leisure purposes. The findings provide some implications for Malaysian policy-makers as well as tourism and travel agents.

Original language	English
Pages (from-to)	68-79
Number of pages	12
Journal	Current Issues in Tourism
Volume	20
Issue number	1
DOIs	https://doi.org/10.1080/13683500.2014.882886
Publication status	Published - 2017

Keywords

Malaysia
housing
terrace houses
tourism
wealth

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1080/13683500.2014.882886

Cite this

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title = "Wealth effect from real estate and outbound travel demand : the Malaysian case",

abstract = "This study uses quarterly data from Malaysia (2000 -2011) to examine the relationship between the wealth effect from real estate (WERE) and outbound tourism while controlling for other relevant outbound tourism determinants. By applying time-series cointegration regressions, the results show that WERE has a positive and significant impact on Malaysian outbound travel demand. Then, we exclude the departures for business purposes from the total departures in order to have a better understanding of the impact of WERE on the consumption of a luxury good like international travel for leisure purposes. Similarly, we find that WERE increases Malaysian international travels for leisure purposes. The findings provide some implications for Malaysian policy-makers as well as tourism and travel agents.",

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AU - Fereidouni, Hassan Gholipour

AU - Al-mulali, Usama

AU - Mohammed, Miswan Abdul Hakim

PY - 2017

Y1 - 2017

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AB - This study uses quarterly data from Malaysia (2000 -2011) to examine the relationship between the wealth effect from real estate (WERE) and outbound tourism while controlling for other relevant outbound tourism determinants. By applying time-series cointegration regressions, the results show that WERE has a positive and significant impact on Malaysian outbound travel demand. Then, we exclude the departures for business purposes from the total departures in order to have a better understanding of the impact of WERE on the consumption of a luxury good like international travel for leisure purposes. Similarly, we find that WERE increases Malaysian international travels for leisure purposes. The findings provide some implications for Malaysian policy-makers as well as tourism and travel agents.

KW - Malaysia

KW - housing

KW - terrace houses

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KW - wealth

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JO - Current Issues in Tourism

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ER -

Wealth effect from real estate and outbound travel demand : the Malaysian case

Abstract

Keywords

UN SDGs

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