THE IMPACT OF COVID-19 ON TOURISM

The COVID-19 pandemic had a devastating impact on the global tourism industry, including in Indonesia. Here are some of the key effects

PRICE ELASTICITY IN THE VILLA INDUSTRY

Price elasticity measures the responsiveness of demand for a good or service to a change in its price. In the villa industry, price elasticity can vary depending on several factors: 1. Luxury vs. Budget Villas: 2. Seasonality: 3. Availability of Alternatives: 4. Unique Selling Points: 5. Economic Conditions: Understanding the factors that influence price elasticity […]