Asia Tourism Economy – ASIATERI

Economic Insight for Smarter Tourism Strategy

Industrial Organisation Explains Why Korean Travel Agencies Are Price Takers While Japanese Ones Are Not

The performance of an outbound tourism industry is usually judged by the number of people travelling abroad or by tourism receipts. Industrial organisation offers a different lens. A more revealing...

Is Overseas Travel Still a Luxury Good?

Why international tourism no longer fits neatly into the economic categories that once defined it. For much of modern history, overseas travel was the privilege of the affluent. Crossing national...

Tourists Are Not as Rational as Economists Assume

How Behavioral Economics Is Rewriting Tourism Economics For decades, economics has treated tourists as rational consumers. Lower prices encourage travel, while higher costs discourage it. Traditional...

Tourism Is Not Consumption. It Is Productivity.

When tourism is discussed, most people think first of hotel occupancy rates, duty-free sales, or visitor arrivals. Governments, too, tend to measure success by the number of international visitors and...

Do Tourism Subsidies Really Correct Market Failure?

Rethinking Government Support for Tourism Through the Lens of Economics Governments spend billions each year to attract international visitors. Airlines receive route-development incentives, travel...

A Different Perspective on Tourism Taxes: Pigouvian Taxes for Sustainable Tourism

Governments around the world are increasingly introducing tourism taxes. From accommodation taxes in Kyoto and Osaka, tourism taxes in Amsterdam, New Zealand’s International Visitor Conservation and...

Japan’s Tourism Policy: Finding a Path Beyond Keynesianism and Neoliberalism

Part I. Tourism, Economic Thought, and the Search for a New Policy Paradigm Economic history is often written as a succession of competing ideas. Classical economics celebrated the self-correcting...

Hedonic versus Utilitarian Motivations in Overseas Destination Choice among Korean Travelers

Hedonic Motivations in Overseas Destination Choice To examine the structure of hedonic motivations underlying Korean travelers’ overseas destination choices, a principal component analysis (PCA) was...

Principal Component Structure of Japanese Outbound Travel Consumption by Purpose, Demographics, and Region

This article analyzes travel consumption patterns using microdata from the third quarter (July~September 2025) of the Japan national tourism survey released by the Japan Tourism Agency under the...