Agent-Based Modeling and Simulation of Tourism Market Recovery Strategy after COVID-19 in Yunnan, China

Yumei Luo, Yuwei Li, Guiping Wang and Qiongwei Ye
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Yumei Luo: School of Business and Tourism Management, Yunnan University, Kunming 650500, China
Yuwei Li: School of Business and Tourism Management, Yunnan University, Kunming 650500, China
Guiping Wang: School of Business and Tourism Management, Yunnan University, Kunming 650500, China
Qiongwei Ye: Business School, Yunnan University of Finance and Economics, Kunming 650500, China

Sustainability, 2021, vol. 13, issue 21, 1-24

Abstract: The tourism industry hit severely by COVID-19 faces the challenge of developing effective market recovery strategies. Nonetheless, the existing literature is still limited regarding the dynamic evolution process and management practice. Hence, this study chose several famous spots in the Yunnan Province of China as the focus for a case study and utilized an agent-based simulation method for the decision-making process of tourists’ destination selection and the dynamic recovery process of the destinations under different price and information strategies. The study found that the recovery effects of information strategies are positive, negative, or have no effect in different destinations. In contrast, price strategies can significantly stimulate an increase in the market share of destinations. When price strategy and information strategy are applied simultaneously, the interaction effects are inconsistent in different destinations. The findings contribute to the prediction of the recovery effect of strategies, can reduce trial and error costs, and can improve the scientific understanding of tourism market recovery.

Keywords: market recovery; agent-based modeling and simulation; destination decision process; recovery strategy (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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