Title
Impact Of Exchange Rates On Air Travel
Keywords
exchange rates air travel impact of changes
Abstract
The impact on the travel and tourism industry of changes in exchange rates has not obtained the same level of interest as that enjoyed by manufacturing. However, U.S. tourism competes with the world economy for travelers in the same way that the automobile manufacturers must. Increases in the value of the dollar make foreign travel more attractive to U.S. citizens and U.S. travel less attractive to foreigners. This paper provides some estimates of the impact on air travel of changes in the U.S. rate of exchange for 22 countries. The findings are that exchange rates have been important in nearly all cases, with most demand elasticities ranging between 1.0 and 1.5. Estimated demand elasticities can be used to estimate the impact on net air travel of percentage changes in exchange rates. © 1986.
Publication Date
1-1-1986
Publication Title
International Journal of Hospitality Management
Volume
5
Issue
3
Number of Pages
115-119
Document Type
Article
Personal Identifier
scopus
DOI Link
https://doi.org/10.1016/0278-4319(86)90003-4
Copyright Status
Unknown
Socpus ID
46149137085 (Scopus)
Source API URL
https://api.elsevier.com/content/abstract/scopus_id/46149137085
STARS Citation
Day, A. Edward, "Impact Of Exchange Rates On Air Travel" (1986). Scopus Export 1980s. 148.
https://stars.library.ucf.edu/scopus1980/148