In the News

Patterns of Spending - Demand for Camping and Caravans Surges

Graham Watson

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.

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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