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The determinants of the adoption of cryptocurrencies in the tourism industry : Application to the case of hotel room reservations
[Les déterminants de l'adoption des cryptomonnaies : application au cas des réservations de chambres d'hôtels]

Author

Listed:
  • Paul-Emmanuel Pichon

    (CERTOP - Centre d'Etude et de Recherche Travail Organisation Pouvoir - UT2J - Université Toulouse - Jean Jaurès - UT - Université de Toulouse - UT3 - Université Toulouse III - Paul Sabatier - UT - Université de Toulouse - CNRS - Centre National de la Recherche Scientifique)

  • Denis Bories

    (ISTHIA - Institut supérieur du tourisme, de l'hôtellerie et de l'alimentation (Toulouse) - UT2J - Université Toulouse - Jean Jaurès - UT - Université de Toulouse)

  • Christian Laborde

Abstract

While players in the tourism sector have demonstrated a growing interest in cryptocurrencies, only 8% of French people declared having already invested in cryptocurrencies in 2021. This research focuses on the determinants of the adoption of new cryptocurrency technology in the case of hotel room reservations on online platforms offer payment in Bitcoin by adapting the UTAUT model. A quantitative study carried out with 189 respondents residing in France shows that perceived usefulness, ease of use and perceived risk are major determinants of the intention to use cryptocurrencies. More surprisingly, the attitude towards new technologies does not have a significant effect on the intention to adopt this means of payment. These results highlight consumer gaps in understanding cryptocurrencies and specifically blockchain, the infrastructure that should negate the usefulness of cryptocurrencies to consumers as well as reduce their perceived risk. This research shows that tourism stakeholders who wish to democratize the use of crypto-assets must set up awareness-raising actions with travelers by insisting on the usefulness and security provided by this technology.

Suggested Citation

  • Paul-Emmanuel Pichon & Denis Bories & Christian Laborde, 2023. "The determinants of the adoption of cryptocurrencies in the tourism industry : Application to the case of hotel room reservations [Les déterminants de l'adoption des cryptomonnaies : application au," Post-Print hal-04398288, HAL.
    • Handle: RePEc:hal:journl:hal-04398288
    Note: View the original document on HAL open archive server: https://univ-tlse2.hal.science/hal-04398288
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    References listed on IDEAS

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    1. Matteo Cristofaro & Pier Luigi Giardino & Sanjay Misra & Quoc Trung Pham & Hai Hiep Phan, 2022. "Behavior or culture? Investigating the use of cryptocurrencies for electronic commerce across the USA and China," Management Research Review, Emerald Group Publishing Limited, vol. 46(3), pages 340-368, May.
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    4. Xiaoni Zhang & Victor R. Prybutok & Chang E. Koh, 2006. "The Role of Impulsiveness in a TAM-Based Online Purchasing Behavior," Information Resources Management Journal (IRMJ), IGI Global, vol. 19(2), pages 54-68, April.
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    More about this item

    Keywords

    Consumer behavior Crypto-currency Blockchain Technology adoption; Consumer behavior; Crypto-currency; Blockchain; Technology adoption;
    All these keywords.

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