Back in the 17th and 18th centuries, people went on grand tours across Europe for a variety of reasons, but mainly to become cultured and cosmopolitan. Perceived as the capital of music, Italy was the destination of young musicians on their grand tours. As Mozart’s Grand Tour was his finishing school, my own Grand Tour of Italy will conclude my studies here at this institution. This capstone will take the reader to the destinations on both of our Grand Tours in Milan, Rome, Bologna, and Venice.
In this video clip, three Colorado College seniors Jack Naito, Ezra Siegel and Richard Swift discuss their around the world adventure starting June 2011. They're planning on driving 20,000 miles, through 24 countries, in 193 days, starting in Japan and ending in Anchorage, Alaska. The students discuss the trip and the funding sources of their trip.
This study attempts to determine whether changes in income, travel costs, and the cost of living in a foreign country affects travelers’ decisions to migrate to New Zealand. In this study, three different groups of travelers are analyzed, which are students, tourists, and visitors. I hypothesize that increases in travel costs will have a negative effect on all three types of traveler intensities, increases in income will have positive effects on the travel intensities of all three traveler types, and prices abroad relative to one’s origin will have a more significant effect on students than tourists, but no significant effect on visitors. To test these hypotheses, I will use a double log equation run with a fixed effects model to estimate the elasticities of income, travel costs, and prices abroad in regards to travel intensities of the three chosen traveler types, all of whom are traveling to New Zealand from 68 selected countries from around the world in the 2005-2014 time horizon. This study estimates that an increase in a tourist’s income by one percent will increase tourist travel intensity to New Zealand by 0.97 percent, and when there is an increase in the buying power of a tourist’s currency in New Zealand, tourist travel intensity is also estimated to increase. The study found no significant results for students and visitors.
