In the News
Patterns of Spending - Demand for Camping and Caravans Surges
![](https://tutor2u-net.imgix.net/user-photos/graham-watson.png?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
22nd April 2022
Changing consumer tastes, income elasticity of demand, it's all here - with the news that the pandemic has seen a rise in camping, with 20% of adults having been on a camping or caravan holiday since the start of lockdown.
This mirrors what happened after the global financial crisis, suggesting that camping might be an inferior good - i.e. the quantity of camping demanded rises when incomes fall. That said there is plenty of high-price camping equipment out there and a surging online community sharing tips and ideas.
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