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  • Tour production costs

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    96761_1.pdf (203.2Kb)
    Author(s)
    Buckley, Ralf
    Griffith University Author(s)
    Buckley, Ralf
    Year published
    2014
    Metadata
    Show full item record
    Abstract
    Profitability depends on production costs as much as it depends on sales revenue. Information on production costs is therefore critical in the analysis of competitive commercial enterprises in all industry sectors. The dynamics of any industry sector, under either market or policy changes, depend on the relative production costs of its individual enterprises. Empirical data on production costs are sparse, however, because of commercial sensitivity. Stock exchanges show share prices, and annual financial reports show aggregate income and outgoings, but unit production costs are treated as confidential. Here, therefore, I argue ...
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    Profitability depends on production costs as much as it depends on sales revenue. Information on production costs is therefore critical in the analysis of competitive commercial enterprises in all industry sectors. The dynamics of any industry sector, under either market or policy changes, depend on the relative production costs of its individual enterprises. Empirical data on production costs are sparse, however, because of commercial sensitivity. Stock exchanges show share prices, and annual financial reports show aggregate income and outgoings, but unit production costs are treated as confidential. Here, therefore, I argue for greater effort in empirical studies on production costs in tourism, to complement the existing body of theoretical research. In particular, I suggest that empirical information on production costs is prerequisite to analyze the value contributed by agents and intermediaries in tourism distribution systems. As an initial case study, I present data from six similar small-group international package tours in the nature and adventure subsector.
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    Journal Title
    Journal of Travel Research
    Volume
    53
    Issue
    4
    DOI
    https://doi.org/10.1177/0047287514528288
    Copyright Statement
    © 2014 SAGE Publications. This is the author-manuscript version of the paper. Reproduced in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
    Subject
    Other environmental sciences not elsewhere classified
    Commercial services
    Marketing
    Tourism
    Tourism management
    Publication URI
    http://hdl.handle.net/10072/62710
    Collection
    • Journal articles

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