1945

Tourism expenditure versus tourism consumption

Tourism expenditure (TE), and tourism consumption (TC) appear to have a similar formal definition, namely, “the acquisition of consumption goods and services as well as valuables for own use or to give away, for and during tourism trips”. However, whereas tourism expenditure is restricted to the amount paid for such acquisition (that is, it includes only those expenditures that involve a payment), tourism consumption also includes imputed transactions, that is, transactions that although actual, do not involve the existence of a monetary flow as a counterpart. Consequently, as such transactions cannot be readily observed, their amount has to be calculated.

Related Subject(s): Economic and Social Development
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