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Price Elasticity of Overnight Stays: Testing Veblen’s Conjecture Across Portuguese Regions

2022Book part Open access
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dc.contributor.authorSantos, Eleonora
dc.contributor.authorMoreira, Jacinta Raquel
dc.date.accessioned2022-09-26T13:20:19Z
dc.date.available2022-09-26T13:20:19Z
dc.date.issued2022
dc.description.abstracthis paper complements the scarce empirical literature on contingent consumption by testing Veblen’s conjecture on overnight stays in Portugal. The price elasticities for overnight stays are calculated over 2013–2019 and across NUTS II regions. The results confirm the existence of conspicuous consumption in overnight stays in most Portuguese regions, especially in the Centro, Alentejo and Madeira regions in peak seasons in 2019. Also, in average terms over 2013–2019, the region of Algarve shows evidence of conspicuous consumption of overnight stays. Yet, since the peak seasons are of short duration, the conclusions about the magnitude of elasticities must be handled with caution. These results are relevant not only for tourism management but also to tourism planning at regional level. Indeed, by exploring whether the differences in overnight stays can be explained by a status-seeking behavior, the results carry important implications for spending on future travels, especially in periods of economic downturns.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationSantos, E., Moreira, J. (2022). Price Elasticity of Overnight Stays: Testing Veblen’s Conjecture Across Portuguese Regions. In: Abreu, A., Liberato, D., Garcia Ojeda, J.C. (eds) Advances in Tourism, Technology and Systems. Smart Innovation, Systems and Technologies, vol 293. Springer, Singapore. https://doi.org/10.1007/978-981-19-1040-1_3pt_PT
dc.identifier.doi10.1007/978-981-19-1040-1_3pt_PT
dc.identifier.eissn2190-3026
dc.identifier.urihttp://hdl.handle.net/10400.8/7727
dc.language.isoengpt_PT
dc.peerreviewednopt_PT
dc.publisherSpringerpt_PT
dc.relationUIDB/04928/202pt_PT
dc.relation.publisherversionhttps://link.springer.com/chapter/10.1007/978-981-19-1040-1_3pt_PT
dc.subjectConspicuous consumptionpt_PT
dc.subjectHospitality industrypt_PT
dc.subjectPrice elasticitypt_PT
dc.subjectRegional policypt_PT
dc.subjectTourismpt_PT
dc.titlePrice Elasticity of Overnight Stays: Testing Veblen’s Conjecture Across Portuguese Regionspt_PT
dc.typebook part
dspace.entity.typePublication
oaire.citation.endPage34pt_PT
oaire.citation.startPage25pt_PT
oaire.citation.titleSmart Innovation, Systems and Technologiespt_PT
oaire.citation.volume293pt_PT
person.familyNameSantos
person.familyNameMoreira
person.givenNameEleonora
person.givenNameJacinta Raquel
person.identifier.ciencia-id321B-D068-1CB4
person.identifier.ciencia-idF81F-B3EA-946E
person.identifier.orcid0000-0003-4693-0804
person.identifier.orcid0000-0002-2536-9168
person.identifier.scopus-author-id56903606100
person.identifier.scopus-author-id55255925200
rcaap.rightsopenAccesspt_PT
rcaap.typebookPartpt_PT
relation.isAuthorOfPublication68e18938-f060-47d1-b0b8-4ca1f2e47dbe
relation.isAuthorOfPublication5b602e4e-b487-4522-9bce-e2d6b4baeff3
relation.isAuthorOfPublication.latestForDiscovery5b602e4e-b487-4522-9bce-e2d6b4baeff3

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