Airfares of major airlines such as Qantas, Singapore Airlines or Cathay Pacific from Singapore to a popular destination such as Gold Coast, Australia are rather similar

a) Gold Coast is a significant traveler destination subtropical atmosphere and has gotten generally known for its reality class riding sea shores, skyscraper overwhelmed horizon, amusement parks, nightlife, and rainforest hinterland.

- One could contend that the airline industry flying to preferred tourist destination such as Gold Coast is an oligopoly, constrained by the few airline companies.

- With reducing govenremnt controls airlines are now allowed to set courses, increment the quantity of flights, and modify tolls.

- Also the airline industry experienced consolidation and many big players have purchased small players reducing he no of players competing in the industry.

- With less transporters, rivalry has diminished and some administration authorities guarantee airlines are keeping down on extending limit so as to keep admissions higher.

b) Bubble tea has been picking up foothold in developing markets, inferable from ascend in its popularity. Furthermore, development in wellbeing awareness and increment in selection of solid drinks, for example, green tea, dark tea, oolong tea, and white tea among purchasers drive the market development. Also, ascend in utilization of seasoned bubble tea in youthful age energizes the bubble tea market development.

- What's more, forceful commercials and big name end orsements have likewise helped the worldwide market to clear its way toward development.

- Like Gold coast , the bubble tea is also catching up in beverage segment as preferred drink because of the health benefits , providing alternative and aspirational aspects of consumption.

- Also there are very few big players in this industry in Asia who dominate the worldwide market reflecting similar characteristics to airline industry market structure.