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Analyzing the Effect of Online media on Overseas Travels: A Case study of Asian 5 countries
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Hea In Lee (Kyung Hee University)
Hyun Sil Moon (Kyung Hee University)
Jae Kyeong Kim (Kyung Hee University)
Vol. 24, No. 1, Page: 53 ~ 74
10.13088/jiis.2018.24.1.053
Keywords
Online Word-of-Mouth, Online Media, Outbound Demand, Panel Data Analysis
Abstract
Since South Korea has an economic structure that has a characteristic which market-dependent on overseas, the tourism industry is considered as a very important industry for the national economy, such as improving the country’s balance of payments or providing income and employment increases. Accordingly, the necessity of more accurate forecasting on the demand in the tourism industry has been raised to promote its industry. In the related research, economic variables such as exchange rate and income have been used as variables influencing tourism demand. As information technology has been widely used, some researchers have also analyzed the effect of media on tourism demand. It has shown that the media has a considerable influence on traveler's decision making, such as choosing an outbound destination. Furthermore, with the recent availability of online information searches to obtain the latest information and two-way communication in social media, it is possible to obtain up-to-date information on travel more quickly than before. The information in online media such as blogs can naturally create the Word-of-Mouth effect by sharing useful information, which is called eWOM. Like all other service industries, the tourism industry is characterized by difficulty in evaluating its values before it is experienced directly. And furthermore, most of the travelers tend to search for more information in advance from various sources to reduce the perceived risk to the destination, so they can also be influenced by online media such as online news. In this study, we suggested that the number of online media posting, which causes the effects of Word-of-Mouth, may have an effect on the number of outbound travelers. We divided online media into public media and private media according to their characteristics and selected online news as public media and blog as private media, one of the most popular social media in tourist information. Based on the previous studies about the eWOM effects on online news and blog, we analyzed a relationship between the volume of eWOM and the outbound tourism demand through the panel model. To this end, we collected data on the number of national outbound travelers from 2007 to 2015 provided by the Korea Tourism Organization. According to statistics, the highest number of outbound tourism demand in Korea are China, Japan, Thailand, Hong Kong and the Philippines, which are selected as a dependent variable in this study. In order to measure the volume of eWOM, we collected online news and blog postings for the same period as the number of outbound travelers in Naver, which is the largest portal site in South Korea. In this study, a panel model was established to analyze the effect of online media on the demand of Korean outbound travelers and to identify that there was a significant difference in the influence of online media by each time and countries. The results of this study can be summarized as follows. First, the impact of the online news and blog eWOM on the number of outbound travelers was significant. We found that the number of online news and blog posting have an influence on the number of outbound travelers, especially the experimental result suggests that both the month that includes the departure date and the three months before the departure were found to have an effect. It is shown that online news and blog are online media that have a significant influence on outbound tourism demand. Next, we found that the increased volume of eWOM in online news has a negative effect on departure, while the increase in a blog has a positive effect. The result with the country-specific models would be the same. This paper shows that online media can be used as a new variable in tourism demand by examining the influence of the eWOM effect of the online media. Also, we found that both social media and news media have an important role in predicting and managing the Korean tourism demand and that the influence of those two media appears different depending on the country.
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해외 출국에 영향을 미치는 온라인 미디어 효과 분석: 아시아 5개국을 중심으로
이혜인 (경희대학교 이과대학)
문현실 (경희대학교 경영대학)
김재경 (경희대학교 경영대학)
Keywords
온라인 구전효과, 온라인 미디어, 출국 수요, 패널 데이터 분석, 패널 모형
Abstract
해외 시장 의존형 경제구조를 지닌 우리나라에서 관광산업은 국가경제에 중요한 산업으로 이를 육성하기 위해 정확한 관광 수요 예측이 필요하다. 그에 따라 많은 연구들이 출국 수요를 예측하기 위해 노력해왔으며 출국수요에 영향을 미치는 요인에 대해 다각도로 연구가 이루어져 왔다. 특히 정보기술의 발전으로 최근에는 출국자들의 출국지 선택 등 관광객의 의사결정에 온라인 뉴스, 소셜 네트워크 서비스 등의 온라인 미디어가 많은영향을 끼치고 있다. 이에 본 연구는 온라인 미디어가 발생시키는 구전 효과가 출국 수요에 미치는 영향을 살펴보고 그 영향 관계를 규명하고자 하였다. 온라인 미디어는 쉽게 접근이 가능하고 공유가 활발하다는 측면에서구전 효과가 발생되어 사용자들의 의사결정에 영향을 주고 있다. 이를 위해 본 연구에서는 온라인 미디어를 공적 미디어인 뉴스와 사적 미디어인 블로그로 구분하였으며 실제 아시아 5개국의 출국자 수에 이들 미디어가 미치는 영향 관계를 패널 모형을 통해 분석하였다. 그 결과, 온라인 뉴스의 구전 효과는 출국자 수에 부정적인 영향을 미치지만 블로그의 경우 긍정적 영향 관계를 보였다. 따라서 향후 출국 수요 예측에 있어 온라인 미디어의구전 효과를 반영해야 하며 이는 미디어의 종류에 따라 차별적으로 적용해야 함을 시사한다. 또한 각 국가별로온라인 미디어의 특성에 따라 미치는 영향 관계가 차이가 있음을 분석하였다. 즉, 출국 국가에 따라 온라인 미디어의 영향력이 다름에 따라 국가별로 차별적인 예측 및 관리 모형이 필요하다. 본 연구 결과를 통해 관광산업종사자들의 국가와 미디어별 온라인 미디어 기반의 마케팅 전략 수립에 도움을 줄 수 있으리라 기대된다.
Cite this article
JIIS Style
Lee, H. I., H. S. Moon, and J. K. Kim, "Analyzing the Effect of Online media on Overseas Travels: A Case study of Asian 5 countries", Journal of Intelligence and Information Systems, Vol. 24, No. 1 (2018), 53~74.

IEEE Style
Hea In Lee, Hyun Sil Moon, and Jae Kyeong Kim, "Analyzing the Effect of Online media on Overseas Travels: A Case study of Asian 5 countries", Journal of Intelligence and Information Systems, vol. 24, no. 1, pp. 53~74, 2018.

ACM Style
Lee, H. I., Moon, H. S., and Kim, J. K., 2018. Analyzing the Effect of Online media on Overseas Travels: A Case study of Asian 5 countries. Journal of Intelligence and Information Systems. 24, 1, 53--74.
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@article{Lee:JIIS:2018:713,
author = {Lee, Hea In and Moon, Hyun Sil and Kim, Jae Kyeong},
title = {Analyzing the Effect of Online media on Overseas Travels: A Case study of Asian 5 countries},
journal = {Journal of Intelligence and Information Systems},
issue_date = {March 2018},
volume = {24},
number = {1},
month = Mar,
year = {2018},
issn = {2288-4866},
pages = {53--74},
url = {http://dx.doi.org/10.13088/jiis.2018.24.1.053 },
doi = {10.13088/jiis.2018.24.1.053},
publisher = {Korea Intelligent Information System Society},
address = {Seoul, Republic of Korea},
keywords = { Online Word-of-Mouth, Online Media, Outbound Demand and Panel Data Analysis },
}
%0 Journal Article
%1 713
%A Hea In Lee
%A Hyun Sil Moon
%A Jae Kyeong Kim
%T Analyzing the Effect of Online media on Overseas Travels: A Case study of Asian 5 countries
%J Journal of Intelligence and Information Systems
%@ 2288-4866
%V 24
%N 1
%P 53-74
%D 2018
%R 10.13088/jiis.2018.24.1.053
%I Korea Intelligent Information System Society