Recession tourism

 Recession tourism is a travel trend which evolved by way of the world economic crisis. Recession tourism is defined by low-cost and high-value experiences taking place at once-popular generic retreats. Various recession tourism hotspots have seen business boom during the recession thanks to comparatively low costs of living and a slow world job market suggesting travellers are elongating trips where their money travels further. This concept is not widely used in tourism research. It is related to the short-lived phenomenon that is more widely known as staycation. In general, studies have primarily focused on the short-term effects of the crisis on tourism demand, often overlooking the long-term implications for the competitive positioning of the impacted destinations.