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Income and Price Elasticities by Nationality for Tourists in Denmark

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  • Thomas C. Jensen

    (AKF, Institute of Local Government Studies, Nyropsgade 37, DK-1602 Copenhagen V, Denmark)

Abstract

This paper presents estimates of income and price elasticities for the six most important nationalities visiting Denmark as tourists. The estimates are based on two different measures of the Danish tourism revenue: the number of nights spent and the currency exchange statistics. The explanatory variables are prices and income abroad. The estimates vary considerably across nationalities. For German tourists, who account for the largest share in Danish tourism, the estimates for price elasticities are quite high: the long-run price elasticity with respect to the prices in Denmark is close to −1.5 and the long-run income elasticity is found to be near 2.

Suggested Citation

  • Thomas C. Jensen, 1998. "Income and Price Elasticities by Nationality for Tourists in Denmark," Tourism Economics, , vol. 4(2), pages 101-130, June.
    • Handle: RePEc:sae:toueco:v:4:y:1998:i:2:p:101-130
    DOI: 10.1177/135481669800400201
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    Cited by:

    1. Sørensen, Nils Karl, 2002. "Modelling and seasonal forecasting of monthly hotel nights in Denmark," ERSA conference papers ersa02p114, European Regional Science Association.
    2. Leiv Opstad & Randi Hammervold & Johannes Idsø, 2021. "The Influence of Income and Currency Changes on Tourist Inflow to Norwegian Campsites: The Case of Swedish and German Visitors," Economies, MDPI, vol. 9(3), pages 1-13, July.
    3. Song, Haiyan & Witt, Stephen F. & Jensen, Thomas C., 2003. "Tourism forecasting: accuracy of alternative econometric models," International Journal of Forecasting, Elsevier, vol. 19(1), pages 123-141.
    4. Schiff, Aaron & Becken, Susanne, 2011. "Demand elasticity estimates for New Zealand tourism," Tourism Management, Elsevier, vol. 32(3), pages 564-575.

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