Definition: Price indices on tourism from the demand side

Category: Tourism

Price indices on tourism from the demand side measure changes in prices over time of a given pattern of tourism expenditure, or compare the price level of tourism expenditure in space. Therefore, these indices can be subdivided into:
(a) inter-temporal (time) price indices, and
(b) inter-spatial (space) price indices.
Many inter-temporal price indices from the demand side can be constructed depending on the expenditure covered by each index.
The inter-spatial price indices can be distinguished into:
· inter-regional price indices, which make comparisons of the price level of tourism expenditure between regions of a country, and
· international price indices, which compare the price level of tourism expenditure between countries.
A "Tourism Expenditure Price Index" can measure the price changes of total expenditure made by all visitors (residents and non-residents) in the economic territory of a country (region, area).