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

Socpus ID

46149137085 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/46149137085

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