Demand models for inclusive tour charter: The Norwegian case

Abstract

This article shows briefly the historical development of the Norwegian inclusive tour charter market. In addition, inclusive tour charter demand models for different seasons are developed and discussed. The explanation variables in these models are the income level of Norwegians, their expectations of income development, inclusive tour charter price level and summer weather conditions in Norway. Finally, the models are estimated by using Norwegian time-series data for the period 1969 to 1993.