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Table Of Contents

Introduction
Chapter 1 Setting the scene
Recent trends in UK outbound leisure air travel
Figure 1.1 Passenger traffic at UK airports (quarterly deseasonalised data)
Figure 1.5 Consumer expenditure and visits abroad
Figure 1.6 Breakdown of total consumer expenditure
Industry developments
Table 1.3 International scheduled services from regional airports
Table 1.5 Channels for booking a holiday
Figure 1.7 Websites used for holiday bookings
Macroeconomic developments
Table 1.7 Socio-economic status and holidaying abroad (2003)
Table 1.10 International migration to and from the UK (000s)
Table 1.12 Outbound VFR traffic at selected airports, 2003
Table 2.1.1 The five stages of maturity/saturation
Chapter 2 Industry views
Chapter 3 Econometric analysis
Table 3.1 Estimation results
Figure 3.1 Variation of income elasticities over time
Figure 3.2 Variation of air fare elasticities over time
Chapter 4 Discussion of findings
Figure 4.2 Exchange rate and ratio of outbound to inbound traffic
Chapter 5 Stated preference survey at Stansted
Table 5.1 Sample composition for UK outbound leisure traffic
Table 5.2 Responses to the discrete choice question
Table 5.3 Analysis of responses to the discrete choice question
Table 5.4 Elasticities based on WTP kernel-smoothed CDF
Chapter 6 Conclusions
Appendix 1 Concept of elasticities
Table A1.1 Relationship between price elasticity and revenue
Appendix 3 Methodology and data
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ERG Elasticity Study

ERG Elasticity Study

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Published by Yashwant Bhave

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Published by: Yashwant Bhave on Sep 30, 2010
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11/02/2011

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