The Effect of Purchasing Power Parity (PPP) and Cryptocurrency Use on Changes in the Transaction Utility of International Tourists

Ikram Nur Muharam () and Iis Tussyadiah ()
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Ikram Nur Muharam: University of Surrey
Iis Tussyadiah: University of Surrey

A chapter in Information and Communication Technologies in Tourism 2023, 2023, pp 99-104 from Springer

Abstract: Abstract This study investigates how exposure to local prices changes the transaction utility of international tourists, and the role of purchasing power parity (PPP) and the use of cryptocurrency in these changes. Findings indicate that tourists’ transaction utility did not vary all that much when they visited a country with comparable PPP to their own. Meanwhile, when traveling to countries with a lower PPP, tourists enjoy a heightened transaction utility. Furthermore, using Bitcoin results in greater transaction utility than using fiat currency.

Keywords: Transaction utility; Purchasing power parity; Travellers behaviour; Cryptocurrency; International tourism; Bitcoin (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-25752-0_11

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DOI: 10.1007/978-3-031-25752-0_11

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