Please use this identifier to cite or link to this item: http://hdl.handle.net/10553/111906
Title: Estimating cruise passenger's expenditure: a censored system approach : A censored system approach
Authors: Baños, J. F.
Tovar De La Fe, Beatriz Erasmi 
UNESCO Clasification: 531290 Economía sectorial: turismo
531212 Transportes y comunicaciones
Keywords: Canary Islands
Cruise passenger expenditure during stopovers
Drivers of expenditure by category
Economic impacts onshore
Multivariate tobit system
Issue Date: 2021
Project: Impacto Ambiental, Económico, Social de Las Redes de Transporte Marítimo y Sus Infraestructuras. Un Enfoque Integral Para Definición de Políticas 
Journal: Tourism Management Perspectives 
Abstract: Cruise ship passenger spending patterns are analyzed for the archipelago of the Canary Islands, as such patterns represent a key element in the evaluation of the economic impact of cruise ships on residents and local stakeholders. Over six cruise seasons, data regarding cruise passenger expenditures were collected via survey responses at each stopover. Since the five categories of expenditure analyzed are censored and possibly correlated, we have estimated a multivariate tobit system. This approach offers more efficient estimates of the determinants of cruise passengers' onshore spending, which can be useful in designing economic policies. Our results show that gender, age and socioeconomic status affect cruise passenger spending patterns significantly and, more importantly, in different ways depending on the expenditure category. Therefore, it seems that more personalized marketing strategies (i.e., gender/age/nationality-oriented) classified by expenditure category should be more efficient and, therefore, implemented to achieve greater local economic impact.
URI: http://hdl.handle.net/10553/111906
ISSN: 2211-9736
DOI: 10.1016/j.tmp.2021.100808
Source: Tourism Management Perspectives [ISSN 2211-9736], v. 38(3)
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