Saturday, January 24, 2009

Travel Economics 101

A relaxing vacation can provide an escape from the stresses of our present economical situation. But is this temporary relaxation worth the financial investment?

According to Bob Wan, "Mr. Vacation Economist," money spent on a vacation CAN add to economic recovery! Mr. Wan encourages us to seek out travel experiences that provide value, meaning that we get a good return for our money.

Examples of TRAVEL VALUE:

  • educational experiences
  • cherished memories
  • strengthened relationships with family

"Money spent on travel has a high velocity as it changes hands many times; a traveler instantly stimulates the economy of everywhere he or she visits" (as quoted in travelgirl, Dec.-Jan. 09).

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