Segmenting Tourist Spending Behavior: The Influence of Demographic and Behavioral Factors on Expenditure

Tenth International Scientific-Business Conference LIMEN Leadership, Innovation, Management and Economics: Integrated Politics of Research

Ana Shkreta Bisha - PhD Candidate, University of Tirana, Faculty of Economy, Management Department, Albania ORCID

Aurora Halili - MSc, University of Tirana, Faculty of Economy, Management Department, Albania

Abstract:

This study utilizes 2024 survey data from southern Albania to examine the effects of demographic and behavioral factors on tourist spending, categorizing tourists into low, average, and high spenders. Demographic factors such as gender, age, education level, and employment status are analyzed alongside behavioral factors, including time spent, use of tourist packages, and type of tourist (individual versus family/group). A Probit regression and estimation using robust standard errors in SPSS is applied to segment tourist behaviors, ensuring accurate and reliable results by adjusting for any heteroscedasticity that might influence the estimates, given the diverse nature of tourism expenditure and demographic backgrounds. Results show significant differences in tourist satisfaction associated with spending behavior, particularly in relation to demographic and behavioral patterns. The findings of this analysis provide critical insights into the key factors influencing spending and help in the design of targeted tourist services.

Tenth International Scientific-Business Conference LIMEN Leadership, Innovation, Management and Economics: Integrated Politics of Research - LIMEN 2024 - International Scientific-Business Conference – LIMEN 2024: Vol 10. Conference Proceedings , December 5, 2024

Conference Proceedings published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia

ISBN: 9788680194929 , ISSN: 26836149 , DOI: 10.31410/LIMEN.2024

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.

Suggested Citation

Shkreta Bisha, A., & Halili, A. (2025). Segmenting Tourist Spending Behavior: The Influence of Demographic and Behavioral Factors on Expenditure. International Scientific-Business Conference – LIMEN 2024: Vol 10. Conference Proceedings (pp. 917-924). Association of Economists and Managers of the Balkans, Belgrade, Serbia. https://doi.org/10.31410/LIMEN.2024.917

Connect with us

Association of Economists and Managers of the Balkans – UdEkoM Balkan
13/2 Dzona Kenedija St, 11070 Belgrade, Republic of Serbia

https://www.udekom.org.rs

Udekom Balkans isΒ a dynamic non-governmental and non-profit organization, established in 2014 with a mission to foster the growth of scientific knowledge within the Balkan region and beyond. Our primary objectives include advancing the fields of management and economics, as well as providing educational resources to our members and the wider public.

Who We Are: Our members include esteemed university professors from various scientific disciplines, postgraduate students, and experts from ministries, public administrations, private and public enterprises, multinational corporations, associations, and similar organizations.

Building Bridges Together: Over the course of ten years since our establishment, the Association of Economists and Managers of the Balkans has established impactful partnerships with more than 1,000 diverse institutions across the Balkans region and worldwide.

Stay up-to-date with our latest achievements, events, and insights by subscribing to our newsletterΒ  Β  Β  Β 

We don’t spam. Read ourΒ privacy policyΒ for more information.

LIMEN conference publications are licensed under aΒ Creative Commons Attribution-NonCommercial 4.0 International License.