Author Question: Why was the 1927 transatlantic flight by Charles Lindbergh important? What will be an ideal response? (Read 92 times)

ssal · **on:** Sep 11, 2019

Question 1

What makes travel and tourism companies especially sensitive to business cycles?

What will be an ideal response?

Question 2

Why was the 1927 transatlantic flight by Charles Lindbergh important?

What will be an ideal response?

pocatato · **Reply #1 on:** Sep 11, 2019

Answer 1

Since travel and tourism has an especially high leisure component, and leisure activity is usually not deemed a necessary consumption item which is postponable, consumers can cut back on vacation spending but not on food, clothing, energy consumption, transportation, and other items that are necessary to daily living.

Answer 2

Charles Lindbergh's trip raised expectations of long-distance air travel to the public and spurred aircraft companies to invest more resources toward new aircraft development.