Spending Behavior of Thai Tourists in Dan Sai District, Loei province, Thailand: Seemingly Unrelated Regression Estimation Analysis
The purpose of this study is to investigate the spending behavior of Thai tourists in Dan Sai District, Loei province, Thailand by applying the Almost Ideal Demand System (AIDS) model. The analysis was conducted by employing Seemingly Unrelated Regression Estimation (SURE). A questionnaire was used to collect data and 400 samples were collected. The results revealed that the price factor influences the cost of accommodation on other expenses, food and beverage expenses on other expenses and travel expenses on other expenses while the revenue factor influences travel costs on other expenses and the cost of souvenirs on other expenses. The results of the study show that there should be measures to stimulate tourist spending using price strategy to encourage tourists to spend more, and marketing strategies should be used to encourage high-income tourists to spend in Dan Sai District.
 Boonnim, P. 2003. Determinants of patterns of tourist expenditure in Thailand: case study of non-package tourists from East Asia. [Master Thesis]. Available at: http://cuir.car.chula.ac.th/handle/123456789/167
 Davies, B., and Mangan, J. 1992. Family expenditure on hotels and holidays. Annals of Tourism Research, 19: 691-699.
 Deaton, A., and Muellbauer, J. 1980. An Almost Ideal Demand System. The American Economic Review. 70(3): 312–326.
 Gujarati, D. N. 2009. Basic Econometrics (5th ed.). New York, NY: McGraw-Hill.Jehle, G.A. & Reny, P. J. 2011. Advanced Microeconomic Theory (3rd ed.). Essex, England: Pearson Education Limited.
 Krejcie, R. V. and Morgan, D. W. 1970. Determining sample size for research activities. Educational and Psychological, 30: 607-620.
 Loei Staistic Office. 2017. Loei National Statistics. Available at: http://loei.nso.go.th
 Lungpae, S. 2012. Almost Ideal Demand System of Fruit Imports in Malaysia Market [Master Thesis]. Available at: http://thesis.swu.ac.th/swuthesis/Man_Econ/Siriwan_L.pdf
 Ministry of Tourism and Sports. 2017. Statistics of Tourism. Available at: http://www.mots.go.th
 Nonthapot, S. and Lean, H. H. 2015. International tourism market analysis in the Greater Mekong Sub- Region: A panel data approach. Pertanika Journal of Social Sciences and Humanities, 23 (4): 945-966.
 Nonthapot, S. and Srichaiyo. 2017. The effects of financial crises on tourism in the Greater Mekong Sub- region: Panel ARDL approach. Journal of Environmental Management and Tourism, 8(4): 853-860. DOI: https://doi.org/10.14505//jemt.v8.4(20).14
 Office of the Permanent Secretary for Tourism and Sports. 2017. Tourism Economic Report. Bangkok: Excellent Business Company. [In Thai]
 Pindyck, R., and Rubinfeld, D. 1998. Econometric models and economic forecasts (4th ed.). Singapore: lrwin McGraw-Hill.
 Raktham, W. 2005. Factors affecting the expenditure patterns of non-package tourists from East Asia to Thailand. Bangkok: University of the Thai Chamber of Commerce.
 Rungkakulnuwat, P. and Sihiran, K. 2008. The linear almost ideal demand system (LAIDS) to China's import demand system for Thai agricultural products. Chiang Mai University Journal of Economics, 12(3): 26.47.
 Sompholkrang, M. 2014. Tourism expenditures and environment in Thailand. Eurasian Journal of Economics and Finance, 2(2): 63-69. DOI: https://doi.org/10.15604/ejef.2014.02.02.005
 The National Statistical Office. 2017. National Statistics of Tourism. 2017. Available at: http://service.nso.go.th
 Turner, R. C., and Carlson, L. 2009. Indexes of Item-Objective Congruence for Multidimensional Items. International Journal Testing, 3(2): 163-172. DOI: https://doi.org/10.1207/S15327574IJT0302_5
 World Map. 2018. Thailand Loei province (Changwat) Map. Available at: https://www.mapsofworld.com/thailand/provinces/loei-map.html
The Copyright Transfer Form to ASERS Publishing (The Publisher)
This form refers to the manuscript, which an author(s) was accepted for publication and was signed by all the authors.
The undersigned Author(s) of the above-mentioned Paper here transfer any and all copyright-rights in and to The Paper to The Publisher. The Author(s) warrants that The Paper is based on their original work and that the undersigned has the power and authority to make and execute this assignment. It is the author's responsibility to obtain written permission to quote material that has been previously published in any form. The Publisher recognizes the retained rights noted below and grants to the above authors and employers for whom the work performed royalty-free permission to reuse their materials below. Authors may reuse all or portions of the above Paper in other works, excepting the publication of the paper in the same form. Authors may reproduce or authorize others to reproduce the above Paper for the Author's personal use or for internal company use, provided that the source and The Publisher copyright notice are mentioned, that the copies are not used in any way that implies The Publisher endorsement of a product or service of an employer, and that the copies are not offered for sale as such. Authors are permitted to grant third party requests for reprinting, republishing or other types of reuse. The Authors may make limited distribution of all or portions of the above Paper prior to publication if they inform The Publisher of the nature and extent of such limited distribution prior there to. Authors retain all proprietary rights in any process, procedure, or article of manufacture described in The Paper. This agreement becomes null and void if and only if the above paper is not accepted and published by The Publisher, or is with drawn by the author(s) before acceptance by the Publisher.