Modelling and Estimation of Tourism Demand Elasticities: A Study of Tourist Expenditure Allocation in Australia
This study is an attempt to estimate the elasticities of demand for various goods and services generated by domestic and foreign tourists in Australia. Based on the Almost Ideal Demand System and the tourist expenditure data collected from national and international visitor surveys, a total of 24 demand systems were estimated. This publication is also available for free download at www.crctourism.com.au
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ELASTICITY ESTIMATES _
SUMMARY AND RECOMMENDATIONS
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ACC TRANS SHOP aggregate demand Australian Capital Territory Australian Tourism Marshallian commodity groups consumption pattems cross-price elasticities deﬁned demand for accommodation Demand for Australian demand for domestic demand for entertainment demand for food demand for shopping demand for tourism demand for transportation demand system domestic tourism dummy variables elasticities & FOOD Elasticities for accommodation elasticities of demand elasticity coefficient elasticity estimates ENT 1 FOOD ENT FOOD entertainment Elasticities entertainment Parameter Estimates estimated elasticities Exp/inc elasticity Figures in parentheses ﬁrst ﬁve FOOD ACC TRANS friends and relatives inbound tourists income elastic Indonesia Korea major source markets Malaysia minor markets Northem Territory Note ovemight trips price elasticities price inelastic demand Queensland reﬂect shopping and entertainment signiﬁcantly similar in magnitude source countries South Australia South Wales state/territory Table Tourism Marshallian uncompensated tourist demand Tourist Expenditure Allocation tourist nights tourists from minor TRANS SHOP ENT uncompensated own price United Kingdom visiting friends Zealand