Traditional Culture Encyclopedia - Travel guide - Definition of tourism demand elasticity

Definition of tourism demand elasticity

Elasticity of tourism demand refers to the sensitivity of tourism demand to the change of influencing factors, that is, the situation that tourism demand changes accordingly with the change of influencing factors. Because the price of tourism products and people's disposable income are the most basic factors affecting tourism demand, the elasticity of tourism demand can be divided into price elasticity of tourism demand and tourism income elasticity of demand.

(A) the price elasticity of demand

(2) Income elasticity of tourism demand

Cross elasticity of tourism demand