REC280 Lecture Notes - Lecture 2: Effective Demand, Canada Border Services Agency, Monopoly

• School: University of Waterloo
• Department: Recreation and Leisure Studies
• Course: REC280
• Professor: Pooneh Torabian

Document Summary

Module 2/week 2: tourism demand growth & Hall & page noted one of the basic & fundamental question scholars frequently ask is. Why do tourists travel? : this is a key challenge facing tourism researchers. Defining demand is complex and depends on the researchers perspective. Pearce demand = relationship btwn individual"s motivation to travel & their ability to do so. Tourism demand highly influenced by availability of finances. Increase in personal income increase in disposable income increase in purchasing power. For some canadians, earnings are increasing & so are opportunities to travel: distribution of income. Increase in holiday entitlement increase in demand for tourism. Values of currency: exchange rates: destination"s exchange rate influence tourisms demand. International tourism highly susceptible to exchange rate fluctuations: canadian travelers to usa rise & falls in line w/ changing strength of cad to usd, unfavorable exchange rate fewer trips, reductions in expenditure & shorter stays.