Traditional Culture Encyclopedia - Tourist attractions - What are the factors influencing tourism demand?
What are the factors influencing tourism demand?
Factors affecting demand
In addition to its own price, the factors that affect the demand for a certain commodity include the following major factors:
(1) ) consumer income. Generally speaking, when other conditions remain unchanged, the higher the consumer's income, the greater the demand for goods. However, as people's income levels continue to increase, the consumption demand structure will change. That is, as income increases, the demand for some commodities will increase, while the demand for some commodities will decrease. In economics, goods whose demand quantity changes in the same direction as consumer income are called normal goods, and goods whose demand quantity changes in the opposite direction to consumer income are called inferior goods.
(2) Consumer preferences. When consumers' preference for a certain product increases, the demand for that product will increase. Conversely, when preference weakens, quantity demanded decreases. People's preferences are generally related to factors such as the social environment in which they live and the local social customs and habits at that time.
(3) Prices of related commodities. When the price of a commodity itself remains unchanged but the prices of other commodities related to it change, the quantity demanded of this commodity will also change. If other goods and the goods under examination are substitutes, such as beef and pork, apples and pears, etc. Since they can be substituted for each other in consumption to satisfy certain desires of consumers, the demand for a commodity changes in the same direction as the price of its substitutes, that is, an increase in the price of substitutes will cause an increase in the demand for the commodity. Substitutes A decrease in price will cause a decrease in demand for the commodity. If other commodities and the commodity under examination are complementary goods, such as cars and gasoline, DVDs and DVD players, etc., since they must be combined with each other to satisfy a certain desire of consumers, the demand for a commodity is related to the price of its complementary goods. It changes in the opposite direction, that is, an increase in the price of complementary goods will cause a decrease in the demand for that commodity, and a decrease in the price of complementary goods will cause an increase in the demand for that commodity.
(4) Consumers’ expectations for commodity prices. When consumers expect that the price of a commodity will rise in a certain period in the future, they will increase the current demand for it; when consumers expect that the price of a certain commodity will decrease in a certain period in the future, they will reduce the current demand for the commodity. period demand.
In addition, there are many factors that will affect the demand for goods, such as the size, structure and age of the population, government consumption policies, etc.
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