Douglas, Isle of Man (PRWEB UK) 5 May 2011
Space projects and organisations such as Excalibur, Galactic Suite, Bigelow’s Space Complex Alpha and Russian Orbital Technologies plans have created increasing interest in orbital space tourism, and with that, a need for new data and research.
The International Institute of Space Commerce (IISC) has responded to industry need and released its findings in a new study titled “Orbital Space Tourism Market Revisited 2011”.
In recent years excellent research has focused on suborbital demand, but few detailed studies have been available on actual market demand for orbital personal spaceflight. Additionally, the considerable change in the financial landscape since 2008 highlighted the need for up-to-date data on the demand for personal space travel, given the impact on wealthy individuals and cash availability for space tourism.
IISC in close cooperation with ISU therefore initiated a new study which was based upon previous evaluations with fitting amendment factors as considered relevant.
“I very much welcome this report on Orbital Space Tourism Demand. With the fast moving developments in this sector, this report will be essential reading for anyone with an interest or an involvement in this area” commented Alex Downie OBE, MLC, Member of the Isle of Man Department of Economic Development with delegated Ministerial responsibility for Space Commerce.
The study evaluates the price elasticity in a price range of 5 – 20 million$ per flight and considered the potential market for the period 2012-2022. In terms of such price elasticity, a considerable effect was noted in particular in the zone between 15 and 10 million$ in terms of potential customers.
The study results can be obtained in electronic form on the IISC website under http://www.iisc.im/news.asp?article=555.
Further information and a sample of the contents of Orbital Space Tourism Market Revisited 2011 can be obtained from http://bit.ly/gnx3C2.
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