Abstract
The emergence of low-cost carriers (LCC) in the aviation industry has dramatically decreased the cost of short-to-medium distance air travel, alongside the growth of the tourism industry. LCC has also changed the competitive dynamics within the aviation industry, challenging the traditional market dominated by conventional full-service carriers. Past studies have demonstrated the scale of impact of LCC on the aviation market, but have yet to explore the intricate dynamics of competition in greater detail. This paper utilizes the Lotka–Volterra model to assess the changing impact of the entrance of LCC on South Korean tourism and airline industries. Our results offer insights to industry players on developing sustainable strategic plans for future routes and tourism destinations in Asia and beyond.
| Original language | English |
|---|---|
| Pages (from-to) | 656-666 |
| Number of pages | 11 |
| Journal | Asia Pacific Journal of Tourism Research |
| Volume | 23 |
| Issue number | 7 |
| DOIs | |
| State | Published - 3 Jul 2018 |
| Externally published | Yes |
Bibliographical note
Publisher Copyright:© 2018, © 2018 Asia Pacific Tourism Association.
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 12 Responsible Consumption and Production
Keywords
- Lotka–Volterra
- Low-cost carriers
- air travel
- full-service carriers
- moving window Lotka–Volterra
- tourism
ASJC Scopus subject areas
- Geography, Planning and Development
- Tourism, Leisure and Hospitality Management
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