Unit 2: The effect of the depreciating pound on holidaymakers

An interesting post from anforme

http://www.anforme.co.uk/blog/?p=2277

a) Using the information provided, explain why more foreign tourists are coming to the UK, and fewer British citizens holidaying overseas
b) Explain why a recession in the UK leads to fewer UK citizens holidaying overseas
c) What, in general terms, can you say about the income elasicity of demand for overseas holidays? What type of good would you therefore classsify foreign holidays as?