Quality, quantity and duration decisions in household demand for vacations

Authors: Fleischer, Aliza; Rivlin (Byk), Judith

Source: Tourism Economics, Volume 15, Number 3, September 2009 , pp. 513-530(18)

Publisher: IP Publishing Ltd

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Abstract:

A trend observed recently in the household demand for vacations has been towards multiple but shorter vacations and higher-quality tourism services. It is argued in this paper that analysing vacation expenditure without distinguishing between its components – the quality, quantity and duration of vacations – can be misleading. The authors develop a theoretical model to analyse the properties of household demand functions for these vacation components. By applying the model to Israeli data, they find that the rise in income and quality-adjusted price are responsible for the increase in the number of vacations and their level of quality. The increase in the wage rate (time cost) is the main impetus behind the observed trend towards short vacations.

Keywords: DEMAND ELASTICITIES; DURATION; QUALITY; QUANTITY; VACATION DEMAND

Document Type: Research Article

DOI: http://dx.doi.org/10.5367/000000009789036558

Publication date: September 1, 2009

More about this publication?
  • Tourism Economics, published bimonthly, is a peer-reviewed journal devoted to the economics and finance of tourism worldwide. Articles address the components of the tourism product (accommodation; restaurants; merchandizing; attractions; transport; entertainment; tourist activities); and the economic organization of tourism at micro and macro levels (market structure; role of public/private sectors; community interests; strategic planning; marketing; finance; economic development).

    Fast Track. Tourism Economics Fast Track papers have been peer-reviewed, revised and fully accepted for publication. However, although these are the final versions from the authors, they are unedited manuscripts and will undergo a rigorous editing process before their appearance in an issue of the journal. This means that the Fast Track manuscripts may not conform to journal style in terms of presentation, spelling and other usages. They may also contain errors of typography, grammar, spelling, referencing, etc, all of which will be corrected in the processes of copy-editing and proofreading.
    Tourism Economics operates a Fast Track online publication system so that papers can be published and made available almost immediately on final acceptance by the journal. Each Fast Track article is given a DOI. When the paper is assigned to an issue, this DOI will automatically be transferred to the article in the journal issue.
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    Smith, J. (2013), Article title, Tourism Economics Fast Track, DOI xxxxxxxx.

    Once the paper has been published in an issue of the journal, the DOI will automatically resolve to that final version and the article can be cited in accordance with normal bibliographical conventions.

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