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Demand for H&T (Definition of tourism demand (Economists (The amount…

- - - - Personality, environment and demand for tourism
  - - - wide range of influences eg. price
  - - - =Tourism demand
- - - - 18.5M in 2018 (forecast)18.7-19.2M in 2019
    - - S$27.1B in 2018 (forecasting) S$27.1B- S$27.9B in 2019
- - - - Social Determinants
        
        Demographic variables: Age, occupation, relationship status
        
        Holiday entitlement like public holidays, school holidays and annual leave
      - Political Determinants
      - Economic Determinants
        
        Disposable income: with higher disposable income there will be higher demand for tourism
        
        Value of currency: Favourable exchange rate can increase chances of travelling abroad and amount of duration
    - - Supply-related determinants : Competition
        
        Price competitiveness in the destination will increase the demand of the area due to the high number of suppliers
      - Political Determinants : Government controls at destination
        
        Strict Government Controls (e.g. VISA restrictions) will limit the demand of travel to that destination
      - Economic Determinant : Price
        
        Price of the destination impacts the Demand for the Tourist Destination. Higher the price of the destination, the lower the number of tourists
    - - Health, Safety and Security Issues
        
        History of the destination and safety of the destination (e.g. political unrest, bombings) will affect the demand for travel to the destination
      - Time and consideration:
        
        For example in Maldives, there is only one international airport served by few international flights like SQ, thus air tickets and accommodations are costly
      - Promotional Efforts on the Destination
        
        Promotions on various marketing platforms increases the awareness of the destination which will increase the demand for travel to the destination
      - Seasonal Variation:
        
        Some season will attract more tourists. One example will be in Japan during the Hanami season