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Using a Choice Experiment (CE) to Value the Attributes of Cruise Tourism

ABSTRACT Recently, cruise tourism has drawn public interest in the Republic of Korea. In this study, we attempt to analyze people’s preferences regarding the attributes of cruise tourism, such as duration, accommodation, services, and cost. Thus, we applied a choice experiment (CE) to measure the marginal willingness to pay (MWTP) for each attribute. The results show that the coefficients of the attributes of onboard activities are positive and statistically significant. MWTPs for increasing the cabin level from an inside to an ocean view and for increasing the level of onboard services from 4-star to 6-star are South Korean Won (KRW) 1,095,760 (USD 954.8) and KRW 671,264 (USD 584.9) respectively. Comparison of all the MWTP estimates indicates that people prefer onboard activities rather than visiting foreign ports of call above all other attributes. This study is expected to provide tourism managers with useful information for designing cruise tourism products that meet travelers’ needs.