Welcome to a new episode of Richardson's Rubicon hosted by me, John Richardson. In this episode, I dive into the economic principle of price elasticity of demand (PED) and its potential implications for the tourist sector, focusing especially on the controversial topic of visitor levies, or tourist taxes.

I explore recent trends and data indicating a shift from serviced accommodations like hotels to more affordable, nonserviced options such as self-catering sites and campsites from 2022 to 2023. This reflects people's sensitivity to economic pressures. I'll share my analysis of how the introduction of a proposed visitor levy could impact the economy, including potential job losses and reduced economic impact, drawing on figures from various sources.

Throughout the episode, I explain the difference in economic outcomes between applying a percentage-based visitor levy versus a flat fee. This analysis is crucial for policymakers considering the best way to fund local councils without causing undue harm to the economy. Whether you're interested in economics, tourism, or public policy, this episode offers insights into a pressing issue affecting Scotland's tourist industry. Enjoy the show, and feel free to engage with the discussion on our website or through email!

Show notes: https://richardsonsrubicon.com/will-a-5-visitor-levy-hurt-scotlands-tourist-economy-an-analysis/

Discussion: https://richardsonsrubicon.com/community/main-category-episode-topics/will-a-5-visitor-levy-hurt-scotlands-tourist-economy-an-analysis/