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A Linear Review Of The Great Recession's Impact On Tourism Behavior, H. Leslie Furr
A Linear Review Of The Great Recession's Impact On Tourism Behavior, H. Leslie Furr
Department of Management Faculty Publications
The Labor Department’s 2012 consumer spending report highlighted the format taken by recent recession during the alteration of conventional tourism consumer spending habits. Consumer expenditure data concerning the transformation of travelers’ dining choices during the recession also disclosed that these new dining preferences persisted for years into the recovery period. In fact, the recorded decrease in food expenditures, from December 2007 to June 2009, was the largest inflationadjusted amount ever recorded by the Bureau of Labor Statistics (BLS). The increase in unemployment to 9.3% in 2009, another recessionary change factor, reduced travel consumers’ spending levels for other travel attributes other …
Economic Growth And Recessionary Periods: Their Effect Upon Pleasure Travelers, Mark A. Bonn, H. Leslie Furr, Mo Dai
Economic Growth And Recessionary Periods: Their Effect Upon Pleasure Travelers, Mark A. Bonn, H. Leslie Furr, Mo Dai
Department of Management Faculty Publications
Two tourism-oriented travel samples were drawn from recent time periods that represented economic growth (expansion) and recession cycles in the O: S. economy. Analysis suggests that during the recession period, a greater percentage of theme park visitors chose to travel by air. Second, theme park travelers were more likely to visit friends or family during the recession period. Third, recession theme park travelers were 10 years older, on the average, than their rapid growth counterparts. The average age difference of theme park visitors was found to be significantly different during cyclical economic periods. Research findings support the need for additional …