Population Aging and the Economics of International Travel

David Riker
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David Riker: International Trade Administration, US Department of Commerce, 1401 Constitution Avenue, NW, Washington, DC 20230, USA

Tourism Economics, 2014, vol. 20, issue 1, 21-38

Abstract: This paper examines the relationship between the aging of the US population and outbound international travel using individual survey responses of overseas recreational travellers from the USA in 2009. The econometric analysis indicates that there are significant differences across age groups in the propensity to travel, the length of stay and the level of expenditure overseas that are consistent with the different economic incentives and constraints that each age group faces. The econometric models are used to project the changes in aggregate international travel expenditures that will result from anticipated demographic changes over the next decade.

Keywords: international tourism; demographics; econometrics; forecasting (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:20:y:2014:i:1:p:21-38

DOI: 10.5367/te.2013.0257

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