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| Author: | Morley, C. |
| Title: | The use of CPI for tourism prices in demand modelling |
| Journal: | Tourism Management
1994 : OCT, VOL. 15:5, p. 342-346 |
| Index terms: | TOURISM MANAGEMENT CONSUMER PRICE INDEX |
| Language: | eng |
| Abstract: | The non-fare components of tourism prices are often proxied by consumer price indices (CPI) in tourism demand models. The argument for this is that tourism prices move in close concert with general consumer prices. It is not immediately obvious that this is true, as tourist spending differs from general consumer spending. This paper investigates the evidence for the use of CPI for tourism prices, employing a variety of methods and data. For 10 important tourist destinations price series fot major tourist expenditure items were estimated. |
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