Discretionary expenditure and tourism consumption: Insights from a choice experiment

The trade-offs made by individuals and householders in allocating their spending among various potential categories of discretionary expenditure is assessed empirically through the conduct of a choice experiment on a random sample of Australian consumers. An insight into the valuation of each category of discretionary expenditure and the competition of spending in each category for a share of the discretionary expenditure is provided by the results of the study.