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Relationship between income and tourism demand: old findings and new research

Academica Turistica - Tourism and Innovation Journal

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Title Relationship between income and tourism demand: old findings and new research
 
Creator Nemec Rudež, Helena
 
Description The purpose of this paper is to review the main findings regarding the income/tourism demand relationship and discuss the development of this relationship over time as well as its impact on tourism growth. The paper draws significant findings regarding the income elasticity of tourism demand, highlighting themost recent research on this topic and examines future aspects of the income/tourism demand relationship. A literature review along with unwto and imf reports was studied and assessed to discuss the income elasticity research in recent decades as well as more recent developments in this area. Income elasticity of tourism demand is today lower than in the past due, firstly, to the long-term growth of tourismdemand leading to demand saturation and stagnation of some tourism products, and, secondly, fluctuations across the business cycle. The paper summarizes the main findings and contributions of studies on the income elasticity of tourism demand thus far and reflects tourism demand sensitiveness to income as a tourism growth driver.Keywords: income elasticity, tourism demand, luxury product, necessityhttps://doi.org/10.26493/2335-4194.11.67-73
 
Publisher Academica Turistica - Tourism and Innovation Journal
 
Contributor —
 
Date 2018-11-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://academica.turistica.si/index.php/AT-TIJ/article/view/97
 
Source Academica Turistica - Tourism and Innovation Journal; Vol 11, No 1 (2018)
2335-4194
1855-3303
 
Language eng
 
Relation http://academica.turistica.si/index.php/AT-TIJ/article/view/97/44
 
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