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Tourism Demand (Determinants: Others (Safety and Security (Civil war,…
Tourism Demand
Key Element
Basic elements
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Suppressed demand
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Deferred demand
Demand that is postponed due to a problem in the supply environment (e.g Unfortunate events like hotel rooms are fully booked )
Definition: Unfulfilled demand and refers to a desire to travel which, for one reason or another, remains unsatisfied
No demand
Proportion of the population that does not participate in tourism. (e.g Due to the lack of money, they enjoy holiday time at home rather than away from it)
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Other aspects of demand
Substitution of demand
The case where demand for one activity is substituted by another form of attitude. (e.g Changing the way people travels)
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Tourism Determinants
Economic Determinant
Disposable Income:money that can be spent on oneself after deducting CPF, paying bills, etc.
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Definition
If the money that can be spent on oneself increases and the price remains unchanged, the demand will increase.
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Political determinants
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What it does
Tax on tourism products. Example: Tourism packages,airline taxes
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Social determinats
consists of
Demographic variables
Example: age, occupation.
Holidays entitlement
Example: Annual leave, school holidays and public holidays
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Determinants: Others
Safety and Security
Civil war, protests and bombing cause tourists to avoid Sri Lanka
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