'An awkward fence to cross': railway capitalization in Britain in the inter-war years

This paper examines the related problems of the capitalization and financial performance of the railway companies in the inter-war period. It examines the critics' view that the railways were over-capitalized, and places the debate in context by analysing the dividend and accounting policies of the companies and the consequences for investment. It also examines the conflicting views of railway management and shareholders over capital expenditure. The paper concludes that the railways were both financially over-capitalized and physically under-capitalized, and so faced very serious financial problems that were incapable of resolution within the existing ownership structure.     

Delivering Better Transport? An Evaluation of the Ten–Year Plan for the Railway Industry

In July 2000, the Government published Transport 2010, its ten–year plan to improve Britain's transport. This article reviews the proposals to improve the railway system, and examines their likely effects on investment by the railway companies and on passenger safety. The plan is analysed in the context of the structure of the privatized railway industry and its regulatory bodies, with particular reference to the performance of Railtrack (now in administration). The authors conclude that the Government was over–confident in believing that a defective privatized structure could deliver the expansion it wanted. The article shows that the Government has been relying on inadequate and under–performing instruments, over some of which it had little control. This will probably continue unless Railtrack is restructured and taken back into public ownership. Progress so far has been limited, and the prospects of success are not good.     

Determinants of demand for international tourist flows to Turkey

This article describes the development and findings of a set of models used to identify the most important of the following selected variables influencing international tourist flows to Turkey: per capita income; relative prices; relative exchange rate; promotional expenditure (the Turkish Government has invested a substantial amount in promoting foreign tourism) and ‘special events’, eg political unrest. The demand for travel was measured both by the number of tourists, and by the total tourist expenditure. Data were obtained from secondary sources, and analysis was by least squares multiple regression. Income, price and exchange rate were found to be important factors but the impact of promotional expenditure was minimal     

An investigation of the relative efficacy of four alternative approaches to importance-performance analysis

Journal of the Academy of Marketing Science - Importance-performance analysis is a tool which has been used in several contexts to transform research results into practical marketing actions. The...     

Insights into the repeat vacation phenomenon

The study focused upon the repeat visitor. Data were collected with a structured questionnaire at two Texas Highway Visitor Centers and through indepth personal interviews with a small sample. A majority of the sample were returning to a destination that had been visited before. Compared to those visiting a destination for the first time, repeat visitors were more likely to be older individuals seeking relaxation and visiting a friend and/or relatives on their vacation. The qualitative component of the study uncovered five factors which contributed to people returning to a familiar destination. They were a reduced risk that an unsatisfactory experience would be forthcoming; an assurance that they would find “their kind of people” there; emotional childhood attachment; to experience some aspects of the destination which had been omitted on a previous occasion; and to expose others to an experience which had previously been satisfying to respondents.     

Motivations for pleasure vacation

Crompton, John L., “Motivations for Pleasure Vacations,” Annals of Tourism Research, October/December 1979, VI(4):408–424. The study is concerned with identifying those motives of pleasure vacationers which influence the selection of a destination. It also seeks to develop a conceptual framework capable of encompassing such motives. Empirically nine motives were identified. Seven were classified as socio-psychological, namely: escape from a perceived mundane environment, exploration and evaluation of self, relaxation, prestige, regression, enhancement of kinship relationships, and facilitation of social interaction. The two remaining motives, novelty and education, formed the alternate cultural category. The latter were noted to be at least partially aroused by the particular qualities that a destination offered. By contrast socio-psychological motives were found to be unrelated to destination attributes. Here the emphasis shifted from the destination itself to its function as a medium through which socio-pschological needs could be satisfied. The research data suggest that the tourist industry may usefully pay greater attention to socio-psychological motives in developing product and promotion strategies.     

Investigating attraction compatibility in an East Texas city

The study was undertaken in Tyler, Texas, a city of 83 000 population in which the primary tourism attraction is the Caldwell Zoo. The focus was on the compatibility of ancillary attractions to the zoo and their role in adding to the city's cumulative attraction. A sample of 1559 zoo visitors were surveyed. The results revealed that (i) there was a high degree of compatibility between the zoo and other attractions within the city; (ii) tourism spending by those travelling more than 60 miles was significantly higher than those travelling fewer than 60 miles; (iii) expenditures increased as the number of additional attractions visited increased, but started to decrease when the number of attractions totalled to five or more; and (iv) the number of additional attractions visited decreased as the distance travelled increased. Copyright © 2008 John Wiley & Sons, Ltd.     

The Role of Moral Philosophies,Operational Criteria and Operational Strategies in Determining Equitable Allocation of Resources for Leisure Services in the United States

Abstract

This paper revises an earlier taxonomy of equity models that was published in this journal in 1988. This revised taxonomy consists of three elements. First, it extends the original taxonomy by proposing a set of moral philosophies, positioning them as antecedents of the operational strategies that determine equity outcomes. Six are identified: Rawlsian, egalitarianism, benefit principle, utilitarianism, libertarianism and paternal professionalism. It is suggested that communitarianism offers a philosophical basis for reconciling some of the antithetical perspectives embedded in these six moral philosophies. A second element in the taxonomy suggests the operational criterion flowing from each of the moral philosophies when it is adapted as the basis for policy decisions regarding the allocation of resources to leisure services. The third element identifies 14 operational strategies that determine equity outcomes. Their linkage to operational criteria and moral philosophies is shown. Potential equity consequences and implications of the operational strategies are illustrated and compared by use of a scenario relating the allocation of resources to park land acquisition.     

Simple and Painless? The Limitations of Spillover in Environmental Campaigning

The comfortable perception that global environmental challenges can be met through marginal lifestyle changes no longer bears scrutiny. The cumulative impact of large numbers of individuals making marginal improvements in their environmental impact will be a marginal collective improvement in environmental impact. Yet, we live at a time when we need urgent and ambitious changes. An appeal to environmental imperatives is more likely to lead to spillover into other pro-environmental behaviours than an appeal to financial self-interest or social status.