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Tourist Demand Reactions: Symmetric or Asymmetric across the Business Cycle?

Economizing and spending priorities on different types of vacations are investigated during two periods: an economic downturn and returning prosperity. Two nation-wide samples of vacationers are used: one during a downturn, the other one at the start of the recovery period. Through comparing the res...

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Detalles Bibliográficos
Autores principales: Bronner, Fred, de Hoog, Robert
Formato: Online Artículo Texto
Lenguaje:English
Publicado: SAGE Publications 2016
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5732606/
https://www.ncbi.nlm.nih.gov/pubmed/29278254
http://dx.doi.org/10.1177/0047287516672347
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author Bronner, Fred
de Hoog, Robert
author_facet Bronner, Fred
de Hoog, Robert
author_sort Bronner, Fred
collection PubMed
description Economizing and spending priorities on different types of vacations are investigated during two periods: an economic downturn and returning prosperity. Two nation-wide samples of vacationers are used: one during a downturn, the other one at the start of the recovery period. Through comparing the results, conclusions can be drawn about symmetric or asymmetric tourist demand across the business cycle. The main summer holiday has an asymmetric profile: being fairly crisis-resistant during a recession and showing considerable growth during an expansion. This does not apply to short vacations and day trips, each having a symmetric profile: during a recession they experience substantial reductions and during expansion comparable growth. So when talking about tourist demand in general, one cannot say that it is symmetric or asymmetric across the business cycle: it depends on the type of vacation. Differences in tourist demand are best explained by the role of Quality-of-Life for vacationers.
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spelling pubmed-57326062017-12-22 Tourist Demand Reactions: Symmetric or Asymmetric across the Business Cycle? Bronner, Fred de Hoog, Robert J Travel Res Empirical Research Articles Economizing and spending priorities on different types of vacations are investigated during two periods: an economic downturn and returning prosperity. Two nation-wide samples of vacationers are used: one during a downturn, the other one at the start of the recovery period. Through comparing the results, conclusions can be drawn about symmetric or asymmetric tourist demand across the business cycle. The main summer holiday has an asymmetric profile: being fairly crisis-resistant during a recession and showing considerable growth during an expansion. This does not apply to short vacations and day trips, each having a symmetric profile: during a recession they experience substantial reductions and during expansion comparable growth. So when talking about tourist demand in general, one cannot say that it is symmetric or asymmetric across the business cycle: it depends on the type of vacation. Differences in tourist demand are best explained by the role of Quality-of-Life for vacationers. SAGE Publications 2016-11-01 2017-09 /pmc/articles/PMC5732606/ /pubmed/29278254 http://dx.doi.org/10.1177/0047287516672347 Text en © The Author(s) 2016 http://creativecommons.org/licenses/by-nc/4.0/ This article is distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 License (http://www.creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission provided the original work is attributed as specified on the SAGE and Open Access page (https://us.sagepub.com/en-us/nam/open-access-at-sage).
spellingShingle Empirical Research Articles
Bronner, Fred
de Hoog, Robert
Tourist Demand Reactions: Symmetric or Asymmetric across the Business Cycle?
title Tourist Demand Reactions: Symmetric or Asymmetric across the Business Cycle?
title_full Tourist Demand Reactions: Symmetric or Asymmetric across the Business Cycle?
title_fullStr Tourist Demand Reactions: Symmetric or Asymmetric across the Business Cycle?
title_full_unstemmed Tourist Demand Reactions: Symmetric or Asymmetric across the Business Cycle?
title_short Tourist Demand Reactions: Symmetric or Asymmetric across the Business Cycle?
title_sort tourist demand reactions: symmetric or asymmetric across the business cycle?
topic Empirical Research Articles
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5732606/
https://www.ncbi.nlm.nih.gov/pubmed/29278254
http://dx.doi.org/10.1177/0047287516672347
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