Destination performance: Introducing the utility function in the mean-variance space

Linjia Zhang*, Laurent Botti, Sylvain Petit

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

20 Citations (Scopus)


Economic characteristics of home countries can cause considerable variations in the tourism demand. For example, the average level of expenditure per tourist varies from one origin to another and these variations may alter overtime. Thus different tourist nationalities are associated with different level of expenditures and risks. Therefore strategies aimed at minimizing the variations may become an important issue for the policy makers. In this paper, we aim to use the productivity measurement theory in a mean-variance space to a French region (Nord Pas-de-Calais) by introducing the utility function in a mean-variance framework. With this method, we can calculate the optimal portfolio share for each origin and give some useful political advices to the policy decision makers to improve the performance of the tourist sector.

Original languageEnglish
Pages (from-to)123-132
Number of pages10
JournalTourism Management
Publication statusPublished - 4 Jul 2016
Externally publishedYes


  • Efficiency decomposition
  • Mean-variance
  • Nord Pas-de-Calais
  • Productivity measurement
  • Tourism efficiency
  • Utility function


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