Business, Management and Accounting
8 years ago

Increase in lodging prices boosts demand for other segments in tourism market.

2 views
Tourism Analysis
The endogenous nature of price variables in tourism demand studies.
Youngtae Kim, Muzaffer Uysal

Paper Summary

The study looked at how prices affect tourism demand. They found that prices are not fixed and can change based on demand. When prices go up for one type of lodging, demand for other types can also increase. This shows that prices and demand are connected in the tourism market.

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