Abstract
Price sensitivities of the consumer in a tourist market
Abstract
Are tourists sensitive to price? A field experiment was conducted to draw conclusions regarding the effect of three different price strategies on the revenues of a small business selling to tourists. Price elasticity determinations during each phase of the pricing experiment were also computed.
This research was conducted in a tourist-based monopolistic competition market structure. Results from the pricing strategies examined indicated little to no difference in sales revenues regardless of pricing strategy employed. This finding is relevant for small businesses operating in a tourist market who often compete on price.
| Original language | American English |
|---|---|
| Journal | Journal of Revenue and Pricing Management |
| DOIs | |
| State | Published - Jun 2021 |
Keywords
- retailing
- tourist
- tourism
- marketing
- small business
- pricing strategies
Disciplines
- Marketing
- Tourism and Travel