THE EUROPEAN I.T. CHARTER MARKET
The development of the European Inclusive Tour (I.T.) charter market and its current status is documented, and an attempt is made to determine whether or not the U.S. domestic charter market might follow a similar pattern. The European market which originated in 1952, expanded in the 1960's and by 1973 surpassed that of intra-European scheduled traffic. Studies show that the charter markets have experienced their traffic growth primarily from generation, with only a small amount diverted from scheduled services. Liberal regulations have been successful even to the point of diverting some business travel to charters. The unique circumstances which contributed to this rapid development are noted. These unique circumstances are not present in the U.S. The U.S. continues to impose more limitations on charter flights than do the European countries. The value of used aircraft has been diminished since fuel costs increased. This, together with the noise retrofit/replacement policy may restrain charter operations in the U.S. by the 1980's.
Lockheed-California Company2555 North Hollywood Way
Burbank, CA United States 91505
- Morgan, M J
- Publication Date: 1977-6
- Pagination: 19 p.
- TRT Terms: Business trips; Chartering; Regulations; Tourism; Trip generation
- Subject Areas: Aviation; Law;
- Accession Number: 00173849
- Record Type: Publication
- Source Agency: Lockheed-California Company
- Report/Paper Numbers: MR 2337
- Files: TRIS
- Created Date: Jun 28 1978 12:00AM