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Financial Implications of Seasonal Variability in Demand for Tourism Services (A Draft)

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  • Tisdell, Clem

Abstract

Using Jensen’s inequality (and its mathematical generalization), this contribution shows how increased seasonal (periodic) variability of demand for tourism services can increase the annual profit of a tourism enterprise and the producers’ surplus of a corresponding competitive segment of the tourism industry experiencing this increased variability. It identifies conditions which result in these effects being magnified and takes account of the fact that a tourism business’ supply of services is often subject to capacity utilization constraints. A novel feature is that allowance is made for the possibility that variations in the market demand for tourism services may alter the prices of factors of production.

Suggested Citation

  • Tisdell, Clem, 2016. "Financial Implications of Seasonal Variability in Demand for Tourism Services (A Draft)," Economic Theory, Applications and Issues Working Papers 243922, University of Queensland, School of Economics.
    • Handle: RePEc:ags:uqseet:243922
    DOI: 10.22004/ag.econ.243922
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    File URL: https://ageconsearch.umn.edu/record/243922/files/WP76.pdf
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    Keywords

    Demand and Price Analysis; Production Economics; Productivity Analysis;
    All these keywords.

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