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How Has the Current Recession Affected Demand for Overseas Travel for Different Consumer Groups, Based on the Income Elasticity of Demand?

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How Has the Current Recession Affected Demand for Overseas Travel for Different Consumer Groups, Based on the Income Elasticity of Demand?
A STUDY ON THE CHANGE IN DEMAND FOR OUTBOUND TRAVEL DUE TO THE GLOBAL RECESSION, FOR RESIDENTS OF BANDRA, MUMBAI.

UNIVERSITY OF MUMBAI

LALA LAJPAT RAI COLLEGE OF COMMERCE AND ECONOMICS

MUMBAI, MAHARASHTRA

Submitted By: Dhruv Gupta

Class: TYBMS – A

V Semester

Project Guide: Prof. Arun Poojari

Academic Year : 2012-2013

CERTIFICATE

This is to certify that student of Third Year of Bachelors of Management studies: Div. A, Seat No. 000167, Mr. Dhruv Gupta, has successfully completed the project titled “A study on the change in demand for outbound travel due to the global recession, for residents of Bandra, Mumbai. I”, for his Bachelor of Management Studies course, with University of Mumbai, under our supervision and this is the result of her earnest work. The information given by her in this project is original and true to the best of our knowledge.

PLACE: MUMBAI

________________ __________________ __________________

BMS Coordinator Project Coordinator External Examiner

________________

Principal

DECLARATION

I, Dhruv Gupta a student of third year, Bachelors of Management Studies, Lala Lajpatrai College of Commerce & Economics, hereby declare that the information submitted in this research hardcopy on “A study on the change in demand for outbound travel due to the global recession, for residents of Bandra, Mumbai” has been done by me, and is true and original to the best of my knowledge.

___________________

CLASS: T.Y.B.M.S

DIVISION: A

SEAT NO. 000167

PLACE: MUMBAI

ACKNOWLEDGEMENT

“Success is a journey, not a destination. The doing is often more important than the outcome.” – Arthur Ashe.

I would like to



Bibliography: McGee, M., 2005, Economics – In Terms of the Good, the Bad and the Economist (2nd Edition), IBID Press, Victoria Fox, J., 24 January 2008, “Can the World Stop the Slide”, p.27, Time Magazine McGee, M., Economics- In Terms of the Good, the Bad and the Economist (2nd Edition), (Victoria: IBID Press, 2005), p.87 McGee, M., Economics- In Terms of the Good, the Bad and the Economist (2nd Edition), p (19 June 2012) n.d., (2012), “Aggregate demand”, Wikipedia (2 August 2012) Rahman, A., (2007), “Boom time for India’s outbound tourism industry”, Overseas Indian, (19 May 2012) Cox and Kings, (2012), “Duniya Dekho”, Cox and Kings (20 June 2012) Live Bean, October 2012 Joshi, P., (12 April 2012), “What recession? Indians still love holidaying abroad.”, India Today, (18 May 2012) Kumar, Virendra, Cox and Kings, Personal Interview, 2 July 2012 Emirates, (2012), “Emirates Online Booking”, Emirates < http://fly.emirates.com/IBE/ResultByPrice> (3 July 2012) n.d., (19 March 2012), “Inflation at an all time low of 0.44%”, The Economic Times (online edition) (19 May 2012) Indian Airlines, (2012), “Indian Airlines Online Booking”, Indian Airlines (3 July 2012) n.d., (31 March 2012), “India’s Exports May Grow by Merely 3% in 2012-10: Plan Panel”, The Economic Times (online edition,) (15 May 2012) Krishnamurthy, B., (2008) “Impact of a Possible US Recession in India”, Harvard Business Blog, (15 June 2012) < http://www.intervistas.com/4/presentations/2007-02-23_India_Market_Opportunity_and_Challenges.pdf> Jet Airways, (2012), “Jet Airways Book Now”, Jet Airways (8 July 2012) n.d., (2012), “Snob Effect”, Wikipedia (3 August 2012) n.d., (2008), “USA Statistics”, International Monetary Fund, (16 June 2012) n.d., (2012), “Tourism”, Ministry of External Affairs (Government of India) (15 May 2012) n.d., (2012), “Tourism and Hospitality”, India Brand Equity Foundation, (19 May 2012) n.d., (2012), “Tourism Overview, Investment Commission of Indian”, (19 May 2012) Swati Sharma, India Today, 21st March 2009 Joshi, P., (12 April 2012), “What recession? Indians still love holidaying abroad.”, India Today, (18 May 2012)

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