Factors influencing the Middle East tourist travelling to Malaysia: The quantile estimates
Factors influencing the Middle East tourist travelling to Malaysia: The quantile estimates
Author(s): Suraya Ismail, Nanthakumar Loganathan, Dalia Streimikiene, Tirta Nugraha Mursitama, Abbas Mardani, Wan Anisah EndutSubject(s): Energy and Environmental Studies, International relations/trade, Transformation Period (1990 - 2010), Present Times (2010 - today), Fiscal Politics / Budgeting, Tourism
Published by: Fundacja Centrum Badań Socjologicznych
Keywords: Middle East; oil prices; quantile regression; real exchange rate; domestic tourism prices;
Summary/Abstract: This research examines the possible impacts of global oil prices, exchange rate and tourism prices on Malaysia’s demand for the Middle East tourists’ arrivals using monthly data covering the period from 1995 to 2017. We covered the 5 major sources of Middle East tourism to Malaysia in the last 2 decades, such as Saudi Arabia, Qatar, Iran, Syria and the United Arab Emirates. The estimates of the quantile regression reveal that the global oil price fluctuation has affected the Middle East tourist arrivals to Malaysia. First, we found that there is a positive quantile effect of tourism, domestic tourism prices and global oil prices with Middle East tourism demand in Malaysia throughout the estimated quantiles. Secondly, we could not find any specific influence of exchange rate and this shows that the fluctuating Malaysia’s currency is not a major issue for the Middle East tourists. Overall, this finding can be useful for policymakers while improving their future tourism planning and in attracting more tourists to visit Malaysia in the upcoming years.
Journal: Journal of International Studies
- Issue Year: 11/2018
- Issue No: 3
- Page Range: 137-146
- Page Count: 10
- Language: English