This post looks at three bus companies which have very similar characteristics, albeit different sizes: each operates as a monopoly on an island and so there is no ‘contamination’ from outside their zones of operations; and the companies in question focus solely on interurban routes and so, in terms of costs per bus-kilometre, we should… Continue reading A Tale of Three Bus Companies
Month: March 2017
The Rise and Fall of Turkey’s Tourism Market
With Recep Tayyip Erdoğan, Turkey’s president, currently doing his best to discourage any positive sentiment towards his country, it’s worth looking at how demand for Turkey’s tourism markets have changed over the years. In this figure, we can see that tourism demand, having grown strongly throughout the recession, had been in gentle decline since 2011 but… Continue reading The Rise and Fall of Turkey’s Tourism Market
