An increase in available income is usually associated with greater purchasing power, that is, with the opportunity to buy tourist goods more often, extend the duration of the trip and stay, and make longer trips not only in the country. place of residence, but also abroad.
The relationship between income and tourist demand is complex, so the latter have a stronger impact on the extreme situation in the income spectrum. Thus, the very low level of income available for free consumption corresponds to an obvious decrease in tourist propensity.
As a rule, in conditions of limited financial resources, there is an opportunity for a safe vacation per year with a shorter duration and shorter distances, including avoiding trips outside the country of origin in favor of domestic tourism. During periods of economic growth, on the contrary, there is a trend for travelers to remote locations, with longer duration and more vacations that complement the main vacation.
The limiting factors limiting or delaying travel expenses are: deferred payment obligations, interest rates on loans taken out in previous periods, interest rates on these loans, other current expenses (accidental or unforeseen), the intensity of savings trends (for other purchases planned in the future to avoid the risks of unstable income and so on).
In recent decades, the level of net income per person or, on average, per family has recorded real growth in a number of countries, which has led to an increase in individual consumption of goods and services, including tourism. As a result, there has been an increase in tourist circulation carried out by segments of tourist demand belonging to various social categories. In addition, the share of consumption of tourist services in the household budget of the population has increased.
The impact of household income on tourist demand should be correlated with the impact of prices for tourist products and tariffs for tourist services. They influence the decision of the tourist regarding the choice of the country, area, destination of the holiday party, the tourist product (as a whole) and its components (accommodation, food, rest, treatment, etc.). Fluctuations in prices for tourist products affect, first of all, the length of stay and only after that the number of arrivals and volume expenses incurred by tourists. Thus, mutations in demand may occur in those categories of services that register tariff reductions. Tourists analyze the price-quality ratio when choosing a travel product, so that only when it is appropriate, the consumer will purchase the appropriate package of travel services. 1xBet India presents an enticing offer for new players. By using the 1xbet promo code grants you access to an extraordinary Sports Welcome Bonus, which exclusively during the IPL offers a 120% bonus on your first deposit up to ₹66,000. To qualify, ensure a minimum deposit of ₹200. Your initial wager must be placed on accumulator bets with at least three selections, each boasting odds of 1.40 or greater.
The relationship between income and tourist demand is complex, so the latter have a stronger impact on the extreme situation in the income spectrum. Thus, the very low level of income available for free consumption corresponds to an obvious decrease in tourist propensity.
As a rule, in conditions of limited financial resources, there is an opportunity for a safe vacation per year with a shorter duration and shorter distances, including avoiding trips outside the country of origin in favor of domestic tourism. During periods of economic growth, on the contrary, there is a trend for travelers to remote locations, with longer duration and more vacations that complement the main vacation.
The limiting factors limiting or delaying travel expenses are: deferred payment obligations, interest rates on loans taken out in previous periods, interest rates on these loans, other current expenses (accidental or unforeseen), the intensity of savings trends (for other purchases planned in the future to avoid the risks of unstable income and so on).
In recent decades, the level of net income per person or, on average, per family has recorded real growth in a number of countries, which has led to an increase in individual consumption of goods and services, including tourism. As a result, there has been an increase in tourist circulation carried out by segments of tourist demand belonging to various social categories. In addition, the share of consumption of tourist services in the household budget of the population has increased.
The impact of household income on tourist demand should be correlated with the impact of prices for tourist products and tariffs for tourist services. They influence the decision of the tourist regarding the choice of the country, area, destination of the holiday party, the tourist product (as a whole) and its components (accommodation, food, rest, treatment, etc.). Fluctuations in prices for tourist products affect, first of all, the length of stay and only after that the number of arrivals and volume expenses incurred by tourists. Thus, mutations in demand may occur in those categories of services that register tariff reductions. Tourists analyze the price-quality ratio when choosing a travel product, so that only when it is appropriate, the consumer will purchase the appropriate package of travel services. 1xBet India presents an enticing offer for new players. By using the 1xbet promo code grants you access to an extraordinary Sports Welcome Bonus, which exclusively during the IPL offers a 120% bonus on your first deposit up to ₹66,000. To qualify, ensure a minimum deposit of ₹200. Your initial wager must be placed on accumulator bets with at least three selections, each boasting odds of 1.40 or greater.