The modern tourism market is characterized by an increased struggle of tour operators for consumers and meeting their needs. Today a condition for the successful functioning of travel companies is the increasing differentiation of supply and the expansion of the range of package tours and...

Chapter1. Research on Developments in Global Cruise Industry in 2018-2019:Size beyond Expectation, Industry Reconstruction, and Enhanced Economic Contributions -- Chapter 2 .Research on the Developments in China’s Cruise Industry in 2018-2019:The development of whole industry chain of the...

This book is an annual research report prepared by the cruise industry experts and scholars at home and abroad invited by Shanghai International Cruise Business Institute based on the current development situations of the international cruise industry, is an important part of the “X Book...

Alao and Batabyal (2013) have recently used contract theory to study the sale of package tours to tourists when the tourists can be of two possible types. In this note, we first generalize their analysis by studying the case in which the tourists can be of infinitely many types. Next, we compare...

We provide the first contract-theoretic analysis of how best to sell package tours to heterogeneous tourists in an environment with asymmetrically held information. Our analysis has three practical implications. First, asymmetric information tends to hamper package tour sales. Second, some...

G.1 China’s Cruise Industry in 2016-2017: Transformation, Upgrading and Steady Development -- G.2Ten Hot Spots of China's Cruise Industry Development during 2016-2017 -- G.3 Active Connection to "One Belt And One Road" Initiative to Enable The Great-leap-forward Development of Shanghai Cruise...

Alao and Batabyal (2013) have recently used contract theory to study the sale of package tours to tourists when the tourists can be of two possible types. In this note, we first generalize their analysis by studying the case in which the tourists can be of infinitely many types. Next, we compare...

Intermediaries often arise in order to facilitate trade in markets characterized by asymmetric information. In the travel industry, policymakers have tried to address information asymmetries by providing hotel ratings. We show that those ratings are noisy indicators of quality because of the use...

We provide the first contract-theoretic analysis of how best to sell package tours to heterogeneous tourists in an environment with asymmetrically held information. Our analysis has three practical implications. First, asymmetric information tends to hamper package tour sales. Second, some...