IDEAS home Printed from https://ideas.repec.org/a/spt/apfiba/v10y2020i1f10_1_10.html

Key Factors of Investment Decision on Integrated Resort Attractions

Author

Listed:
  • Day-Yang Liu
  • Chia-Lee Fan

Abstract

The aim is to apply the Analytic Hierarchy Process (AHP) to analyze the key factors that influence investor decision to the Integrated Resort (IR) attractions in Taiwan. After first creating a hierarchical framework with four dimensions and fourteen factors based on the academic literature and consultation with scholars and IR experts, the AHP approach is utilized to assess key factors according to the results of an expert AHP questionnaire. The study results have shown that: (1) ‘Finance’ is the most important dimension when considering investment on IR. (2) In order of relative importance, the top six key factors that influence investor decision to the IR attractions are: Location, Government policy and regulations, Return on investment, Market size, Community support, and Investment threshold. The study results can serve as a reference to generate future investment attraction on IR.

Suggested Citation

  • Day-Yang Liu & Chia-Lee Fan, 2020. "Key Factors of Investment Decision on Integrated Resort Attractions," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 10(1), pages 1-10.
  • Handle: RePEc:spt:apfiba:v:10:y:2020:i:1:f:10_1_10
    as

    Download full text from publisher

    File URL: http://www.scienpress.com/Upload/JAFB%2fVol%2010_1_10.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Rehman Khan, Syed Abdul & Qianli, Dong & SongBo, Wei & Zaman, Khalid & Zhang, Yu, 2017. "Travel and tourism competitiveness index: The impact of air transportation, railways transportation, travel and transport services on international inbound and outbound tourism," Journal of Air Transport Management, Elsevier, vol. 58(C), pages 125-134.
    2. Puciato, Daniel, 2016. "Attractiveness of municipalities in South-Western Poland as determinants for hotel chain investments," Tourism Management, Elsevier, vol. 57(C), pages 245-255.
    3. Nilsen KUNDAKÇI & Esra AYTAÇ ADALI & Ayşegül TUŞ IŞIK, 2015. "Tourist Hotel Location Selection With Analytic Hierarchy Process," JOURNAL OF LIFE ECONOMICS, Holistence Publications, vol. 2(3), pages 47-58, July.
    4. Ante Mandić & Željko Mrnjavac & Lana Kordić, 2018. "Tourism Infrastructure, Recreational Facilities And Tourism Development," Tourism and Hospitality Management, University of Rijeka, Faculty of Tourism and Hospitality Management, vol. 24(1), pages 41-62, May.
    5. SAGLAM, B. Bayraktar & Yalta, A.Y, 2011. "Dynamic Linkages Among Foreign Direct Investment, Public Investment And Private Investment: Evidence From Turkey," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 11(2).
    6. Xinhua Gu & Pui Sun Tam & Chun Kwok Lei & Xiao Chang, 2016. "The Economics of Taxation in Casino Tourism with Cross-border Market Power," Review of Development Economics, Wiley Blackwell, vol. 20(1), pages 113-125, February.
    7. Li, Xinjian & Huang, Songshan (Sam) & Song, Changyao, 2017. "China's outward foreign direct investment in tourism," Tourism Management, Elsevier, vol. 59(C), pages 1-6.
    8. repec:jle:journl:132 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Natalia Świdyńska & Mirosława Witkowska-Dąbrowska, 2021. "Indicators of the Tourist Attractiveness of Urban–Rural Communes and Sustainability of Peripheral Areas," Sustainability, MDPI, vol. 13(12), pages 1-24, June.
    2. Muhammad Khalid Anser & Zahid Yousaf & Usama Awan & Abdelmohsen A. Nassani & Muhammad Moinuddin Qazi Abro & Khalid Zaman, 2020. "Identifying the Carbon Emissions Damage to International Tourism: Turn a Blind Eye," Sustainability, MDPI, vol. 12(5), pages 1-20, March.
    3. Bapon Chandra Kuri & Md. Nahiduzzaman & Bablu Kumar Dhar & Rubaiyat Shabbir & Rejaul Karim, 2025. "Macroeconomic Drivers of Sustainable Tourism Development in Bangladesh: An ARDL Bounds Testing Approach," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(3), pages 3918-3940, June.
    4. Oumarou Zallé & Idrissa M. Ouédraogo, 2021. "Spillover effects of corruption and democracy on territorial attractiveness of foreign direct investment in sub‐Saharan Africa," African Development Review, African Development Bank, vol. 33(4), pages 756-769, December.
    5. Delaney, Judith M. & Devereux, Paul J., 2019. "Understanding gender differences in STEM: Evidence from college applications✰," Economics of Education Review, Elsevier, vol. 72(C), pages 219-238.
    6. Fei Fan & Van-Trung Ha, 2025. "Tourism-led growth or economy-driven tourism growth in Southeast Asian countries," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 12(1), pages 1-17, December.
    7. Tu Anh Trinh & Ducksu Seo & Unchong Kim & Thi Nhu Quynh Phan & Thi Hai Hang Nguyen, 2022. "Air Transport Centrality as a Driver of Sustainable Regional Growth: A Case of Vietnam," Sustainability, MDPI, vol. 14(15), pages 1-14, August.
    8. Juan Luis Campa & Francesca Pagliara & María Eugenia López-Lambas & Rosa Arce & Begoña Guirao, 2019. "Impact of High-Speed Rail on Cultural Tourism Development: The Experience of the Spanish Museums and Monuments," Sustainability, MDPI, vol. 11(20), pages 1-22, October.
    9. Gabriela Carmen Pascariu & Bogdan-Constantin Ibanescu, 2018. "Determinants and Implications of the Tourism Multiplier Effect in EU Economies. Towards a Core-Periphery Pattern?," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 20(S12), pages 982-982, November.
    10. Thanh Ngo & Kan Wai Hong Tsui, 2022. "Estimating the confidence intervals for DEA efficiency scores of Asia-Pacific airlines," Operational Research, Springer, vol. 22(4), pages 3411-3434, September.
    11. Ren, Xiaohang & Xiao, Ya & Dong, Kangyin & Wang, Kun, 2025. "Adding fuel to the flames? Spatial convergence effects of railway development on global tourism industry," Transport Policy, Elsevier, vol. 162(C), pages 545-558.
    12. Gu, Xinhua & Wu, Jie & Guo, Haizhen & Li, Guoqiang, 2018. "Local tourism cycle and external business cycle," Annals of Tourism Research, Elsevier, vol. 73(C), pages 159-170.
    13. Fernando Sánchez López, 2019. "Unemployment and Growth in the Tourism Sector in Mexico: Revisiting the Growth-Rate Version of Okun’s Law," Economies, MDPI, vol. 7(3), pages 1-17, August.
    14. Yung-Lun Liu & Pen-Fa Ko & Jui-Te Chiang, 2021. "Developing an Evaluation Model for Monitoring Country-Based Tourism Competitiveness," SAGE Open, , vol. 11(3), pages 21582440211, September.
    15. Askandarou Diallo & Luc Jacolin & Isabelle Rabaud, 2021. "Foreign Direct Investment and Domestic Private Investment in Sub-Saharan African Countries: Crowding-In or Out ?," Working papers 816, Banque de France.
    16. Doerr, Luisa & Dorn, Florian & Gaebler, Stefanie & Potrafke, Niklas, 2020. "How new airport infrastructure promotes tourism: evidence from a synthetic control approach in German regions," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 54(10), pages 1402-1412.
    17. Jun Liu & Mengting Yue & Fan Yu & Yun Tong, 2022. "The contribution of tourism mobility to tourism economic growth in China," PLOS ONE, Public Library of Science, vol. 17(10), pages 1-24, October.
    18. Fernandez, Jerone M. & Gomez, Majie Asiul D. & Nastor, Jeofany Jane I. & Pineda, Hana Jubel G. & Vergonia, Aaliyah Pamelle E. & Soriano, Mark Ian J., 2025. "Saint Mary’s University Tertiary Students’ Preferences of Farm Tourism Activities: Basis for Tourism Product Development," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(3), pages 2167-2192, March.
    19. Le Anh Toai & Butowski Leszek & Quirini-Popławski Łukasz & Nguyen Hoang Son, 2025. "Factors Affecting Tourist Satisfaction in Ecotourism: A Case Study of the Phong Nha-Ke Bang National Park, Vietnam," Quaestiones Geographicae, Sciendo, vol. 44(2), pages 77-94.
    20. Rehmat Karim & Normah Abdul Latip & Azizan Marzuki & Attaullah Shah & Faqeer Muhammad, 2021. "Impact of Supply Components-4As on Tourism Development: Case of Central Karakoram National Park, Gilgit-Baltistan, Pakistan," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 411-424.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spt:apfiba:v:10:y:2020:i:1:f:10_1_10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Eleftherios Spyromitros-Xioufis (email available below). General contact details of provider: http://www.scienpress.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.