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).