Measuring Changes in the Relative Competitiveness of Package Tour Destinations

Peter Taylor
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Peter Taylor: Bristol Business School, University of the West of England, Coldharbour Lane, Frenchay, Bristol BS16 1QY

Tourism Economics, 1995, vol. 1, issue 2, 169-182

Abstract: The technique of deriving quality-adjusted prices and evaluating product characteristics is outlined and previous studies are cited. Details of a sample of package tours for Mediterranean destinations and its preliminary analysis are discussed. A suitable model for a hedonic regression analysis of package tours is outlined and estimated. The estimates provide implicit or shadow valuations of the component characteristics of the overall package tour. The results are discussed and it is concluded that the technique is a useful method of analysing changes in relative prices of package tour destinations.

Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:1:y:1995:i:2:p:169-182

DOI: 10.1177/135481669500100204

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