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Energy Prices and Tourism: Some Preliminary Observations (CRS Report for Congress)

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Release Date Aug. 17, 2006
Report Number RS22496
Report Type Report
Authors Bernard A. Gelb, Resources, Science, and Industry Division
Source Agency Congressional Research Service
Summary:

Energy prices faced by consumers have risen steeply in the last few years, and it islikely that spending on energy substituted at least to some extent for spending on othergoods and services. It is widely believed that increases in energy prices, particularlygasoline, negatively affect tourism. The data presented provide partial and preliminarysupport on an aggregate level. On the other hand, there is anecdotal evidence that theeffect may not be large. In addition, only part of any slowdown in tourism should beattributed to energy prices.