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| Author: | Fleischer, A. Peleg, G. Rivlin, J. |
| Title: | The impact of changes in household vacation expenditures on the travel and hospitality industries |
| Journal: | Tourism Management
2011 : AUG, VOL. 32:4, p. 815-821 |
| Index terms: | tourism travel hotel and catering industry leisure expenditure costs household economics incomes prices models |
| Freeterms: | elasticities |
| Language: | eng |
| Abstract: | Travel and hospitality industries are strongly influenced by changes in household demand for vacations. To understand the impact of rising income and declining prices per unit of quality, a theoretical model is developed to separate travel expenditures from on-site expenditures. Based on Israeli data, it is found that under certain circumstances, a shift toward multiple, short vacations is due to the changes in income and prices. This trend can be a benefit to the travel industry but a disadvantage for the hospitality industry etc. |
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