PERSPECTIVES FROM CANADA. SUMMARY OF WORKSHOP SESSION 5

A number of factors identified as important determinants of air travel demand fell into four major groups; non-aviation industry economics, aviation industry trends, consumer characteristics and behavior, and the political and economic environment outside North America. Specific examples of these factors included: fuel--price and availability (crude oil levels and refinery output); fares--elasticity (price sensitivity), inflation rates, discretionary (real) income growth rates, currency exchange rates; capacity supply--airline profitability and cash flow; alternative consumer opportunities to air travel (changing destination interests, new choices of how to use their leisure time or money); political instability that would be disruptive of travel (such as in the Middle East or in certain parts of the Caribbean); international migration, international trade (stimulus to travel); and market maturity levels. (Author)

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  • Accession Number: 00330234
  • Record Type: Publication
  • Files: TRIS, TRB
  • Created Date: Apr 15 1981 12:00AM