Place Development for International Retirement Migration: The Decision-making Process Model

Authors

รศ.ดร.สุวารี นามวงค์, นายเทิดชาย ช่วยบำรุง, นายNoel Scott

Published

Journal of Place Management and Development,

Abstract

Purpose
This study aims to investigate the decision-making processes of international retirement migrants. The development of a place in response to the high demand for international retirement migration has become an important strategy for stakeholders within host destinations; of particular interest is international retirement migrant behaviour and intention to stay and retire in a foreign country.

Design/methodology/approach
This research presents the results of a qualitative study using face-to-face interview techniques. Content analysis technique was used to analyse data from interviews with 33 international retirees in Thailand.

Findings
Destination stakeholders must consider creating awareness of the destination through WOM, trustworthy websites and government channels, which migrants evaluate a destination based on pre-retirement visits that create attachment and emotional feelings for the place, and finally, the decision-making processes of short stay, semi-permanent and permanent migrants.

Research limitations/implications
This qualitative study investigated migrants from Europe, Australia and the USA. An understanding of IR migrants from Asia needs further research.

Practical implications
The results can be used as guidelines for government, hospitality and tourism stakeholders. IR migrants want different destination attributes to mainstream tourists, especially a peaceful environment, mild weather (not too cold or hot), and to live among locals.

Originality/value
This study examines migrant decision-making processes. The results provide a theoretical foundation for how IR migrants decide to retire overseas. This comprises three components: destination awareness, secondly, evaluation of the destination’s resources, and finally, the decision and implementation of their plans.

(2562). Thailand-China Commodity Trade and Exchange Rate Uncertainty: Asymmetric Evidence from 45 Industries. The Journal of Economic Asymmetries, 00(20 (2019) e00130), 1-17.