In the News

Patterns of Spending - Demand for Camping and Caravans Surges

22nd April 2022

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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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Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

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Patterns of Spending - Demand for Camping and Caravans Surges

Graham Watson

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Patterns of Spending - Demand for Camping and Caravans Surges

Graham Watson

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