This paper is concerned with the elasticity of demand in tourism and hospitality industries. The first part is a brief market review, explaining the role of tourism and hospitality in economics. The following parts determine demand in... more
This paper is concerned with the elasticity of demand in tourism and hospitality industries. The first part is a brief market review, explaining the role of tourism and hospitality in economics. The following parts determine demand in tourism and hospitality, its determinants and elasticity. The final part deals with the recent trend of the extreme tourism – space tourism.
