The Impact Of World Events On Travel To Europe During The Summer Of 1986

Abstract

Using consumer demand analysis to separate the factors affecting travel, this paper analyzes the impact of on-going and one-time events on travel from the U. S. to Europe in the summer of 1986. The results suggest that, barring the dramatic one-time deterrents to travel in that year, travel to Europe in 1986 would have exceeded 1985 levels.