The Production and the Sale of Holidays: Tour Operators and Travel Agencies

Guido Candela and Paolo Figini
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Guido Candela: University of Bologna

Chapter Chapter 8 in The Economics of Tourism Destinations, 2012, pp 243-268 from Springer

Abstract: Abstract After having analyzed in Chap. 7 why tourism firms arise and develop and how they are organized, and after having discussed some general topics affecting the supply side of the tourism sector (the seasonality of demand and the technology change), we now start to investigate the economic rationale of tourism firms. With the term “economic rationale” we mean the process, logically divisible into three stages, through which the tourism firm: (a) has to estimate the average costs of production; (b) in order to fix the price at which to sell its services; (c) with the aim of maximizing profits, the long-run goal of any privately owned firm.

Keywords: Tour Operator; Market Power; Vertical Integration; Shadow Price; Travel Agency (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-642-20874-4_8

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DOI: 10.1007/978-3-642-20874-4_8

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