Tourism industry plays one of the most important and dynamic industries roles in ASEAN economic development. It is providing employment and business opportunities for a wide section for the urban and remote community in the region. This situation has ...
Tourism industry plays one of the most important and dynamic industries roles in ASEAN economic development. It is providing employment and business opportunities for a wide section for the urban and remote community in the region. This situation has encouraged the tourism industry to be one of the sources of economic growth and countly prosperity. The reasons for the increase of international tourists' arrivals in ASEAN are the suitability of its geographical location, similarities of natural resources, good tourism infrastructures, interesting cultures, heritage, tradition and hospitality. The governments' respectively to each country plays an important part in establishing supporting policies in promoting tourism in the ASEAN countries. This paper is to investigate a balance model of ASEAN tourism demand. The empirical analysis exploits the panel structure of the dataset for the 10 ASEAN countries of tourists over the period 1998 - 2005. The preferred model is the Fixed Effects and Random Effects. Based on the result a few policies will be recommended to the ASEAN countries in order to advance the tourism industries.