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The Tourism Markets

In: The Economics of Tourism Destinations

Author

Listed:
  • Guido Candela

    (University of Bologna)

  • Paolo Figini

    (University of Bologna)

Abstract

As stated many times before, the tourism product is a set of heterogeneous and complementary services, supplied by firms that either directly serve the tourists or indirectly satisfy their demand. In other words, a single tourism demand does not exist (see Sect. 4.2) and tourism should be interpreted as a set of interconnected markets. Each tourism market can be seen as an abstract configuration in which demand and supply meet and in which an equilibrium in terms of quantity produced and price is set. The nature of this equilibrium, its efficiency, and its stability over time heavily depend on the diverse characteristics of the many existing real-world configurations.

Suggested Citation

  • Guido Candela & Paolo Figini, 2012. "The Tourism Markets," Springer Texts in Business and Economics, in: The Economics of Tourism Destinations, edition 127, chapter 0, pages 311-354, Springer.
    • Handle: RePEc:spr:sptchp:978-3-642-20874-4_10
    DOI: 10.1007/978-3-642-20874-4_10
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