Title :
Forecasting optimal tourism product demand and price
Author_Institution :
Novosibirsk State Tech. Univ., Russia
fDate :
26 June-3 July 2004
Abstract :
The paper presents the methods of forecasting the optimal tourism product demand and price. The basis of its constructing is dependence of demand on a number of factors. Applying the up-to-date economic and mathematic methods, it is possible to determine the type of interconnection between specific factors and forecast the market potential. The application of the methods allows the risks of overestimated or understated tourism product demand. The paper considers an example of calculation procedure for travel firm in Novosibirsk.
Keywords :
demand forecasting; pricing; travel industry; Novosibirsk; market potential forecasting; optimal tourism product demand forecasting; travel firm; Demand forecasting; Economic forecasting; Elasticity; Equations; Humans; Marketing and sales; Mathematics; Production; Remuneration; Solvents;
Conference_Titel :
Science and Technology, 2004. KORUS 2004. Proceedings. The 8th Russian-Korean International Symposium on
Print_ISBN :
0-7803-8383-4
DOI :
10.1109/KORUS.2004.1555754