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Evidence review of elasticities
relevant to a visitor levy in Wales

Type of elasticity
Region Price Elasticity of Demand (PED) Income Elasticity of Demand (YED) Price Elasticity of Supply (PES) Cross-price Elasticity of Demand (XED) Other elasticities
UK 1
Central / Western Europe 6 3
Northern Europe 2 4 1
Other Western Economies 8 6 3 1
Multiple Regions 9 11 2 2
UK
Price Elasticity of Demand (PED) 1
Income Elasticity of Demand (YED)
Price Elasticity of Supply (PES)
Cross-price Elasticity of Demand (XED)
Other elasticities
Central / Western Europe
Price Elasticity of Demand (PED) 6
Income Elasticity of Demand (YED) 3
Price Elasticity of Supply (PES)
Cross-price Elasticity of Demand (XED)
Other elasticities
Northern Europe
Price Elasticity of Demand (PED) 2
Income Elasticity of Demand (YED) 4
Price Elasticity of Supply (PES)
Cross-price Elasticity of Demand (XED)
Other elasticities 1
Other Western Economies
Price Elasticity of Demand (PED) 8
Income Elasticity of Demand (YED) 6
Price Elasticity of Supply (PES)
Cross-price Elasticity of Demand (XED) 3
Other elasticities 1
Multiple Regions
Price Elasticity of Demand (PED) 9
Income Elasticity of Demand (YED) 11
Price Elasticity of Supply (PES)
Cross-price Elasticity of Demand (XED) 2
Other elasticities 2

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