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Competition and Contestability in the U.K. Package Tour Industry: Some Empirical Observations

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  • Brian Davies
  • Paul Downward

Abstract

This paper explores competition and contestability in the U.K. Package Tour Industry (PTI). Using econometric analysis of a panel-data set, evidence is presented that questions the market power/efficiency hypothesis in the PTI. In keeping with Evans and Stabler (1995), there is evidence that the industry is segmented according to the size of the firms. In contrast with Gratton and Richards (1997) the results suggest that it is difficult to support the contestability hypothesis in the industry overall.

Suggested Citation

  • Brian Davies & Paul Downward, "undated". "Competition and Contestability in the U.K. Package Tour Industry: Some Empirical Observations," Working Papers 98-3, Staffordshire University, Business School.
    • Handle: RePEc:wuk:stafwp:98-3
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    Cited by:

    1. Sigbjørn Tveteraas & Frank Asche & Kristin Lien, 2014. "European Tour Operators' Market Power When Renting Hotel Rooms in Northern Norway," Tourism Economics, , vol. 20(3), pages 579-594, June.
    2. Josep Maria Raya, 2011. "The effect of time on hotel pricing strategy," Applied Economics Letters, Taylor & Francis Journals, vol. 18(13), pages 1201-1205.
    3. Guido Candela & Roberto Cellini, 2006. "Investment in Tourism Market: A Dynamic Model of Differentiated Oligopoly," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 35(1), pages 41-58, September.
    4. Eugeni Aguiló & Joaquín Alegre & Maria Sard, 2003. "Examining the Market Structure of the German and UK Tour Operating Industries through an Analysis of Package Holiday Prices," Tourism Economics, , vol. 9(3), pages 255-278, September.

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