Traditional Culture Encyclopedia - Travel guide - What is the price elasticity of the factors that affect tourism revenue?

What is the price elasticity of the factors that affect tourism revenue?

The factors that affect tourism revenue are the following price elasticity.

1. Tourist attractions: Different tourist attractions will have different price elasticity and different income potential.

2. Tourism market: the economic situation of the tourism market, the income level of consumers, purchasing power and consumption habits will all affect tourism income.

3. Tourism products: The quality, diversity, discount ratio, discount time and promotion activities of tourism products will all affect the price elasticity.

4. Tourism mode: the diversity, convenience and safety of tourism mode will affect the price elasticity.

5. Travel time: The rationality, seasonality and peak period of travel time will affect the price elasticity.

6. Tourist facilities: The quality, diversity and maintenance level of tourist facilities will affect the price elasticity.