Economics Of Tourism And Hospitality

Author : Yong Chen
Publisher : Routledge
Page : 516 pages
File Size : 52,8 Mb
Release : 2021-05-14
Category : Business & Economics
ISBN : 9781000372427

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Economics of Tourism and Hospitality by Yong Chen Pdf

This book offers students an accessible and applied introduction to microeconomics in tourism and hospitality through a comprehensive analysis of the market mechanism, demand and supply, firm behavior and strategy, and transaction and institution. This book not only helps students to master core microeconomic theories that are essential for understanding the tourism and hospitality industry, but, more importantly, it guides students to analyze consumer behavior and firm strategy specific to the industry. Throughout the book, readers are guided to develop the economic analysis of tourism and hospitality that progresses from economic intuition to graphical representation and to mathematical quantification. Carefully corralled case studies showcase the applications of key microeconomic theories in solving a wide range of real-world problems, including Uber’s surge pricing, Airbnb’s supply adjustment, and McDonald’s and Burger King vying for prime locations. This book is written in an accessible style, illustrated with exquisite diagrams, and enriched with a range of other features, such as chapter summaries, review questions, and further readings to aid readers’ further understanding. By reading this book, students will be able to develop an economist’s way of thinking, which will enable them to analyze tourism and hospitality businesses in a rigorous and critical manner. This book is essential reading for all tourism and hospitality students and teachers.

Author : Yong Chen
Publisher : Routledge
Page : 415 pages
File Size : 54,7 Mb
Release : 2021-05-13
Category : Business & Economics
ISBN : 9781000372380

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Economics of Tourism and Hospitality by Yong Chen Pdf

This book offers students an accessible and applied introduction to microeconomics in tourism and hospitality through a comprehensive analysis of the market mechanism, demand and supply, firm behavior and strategy, and transaction and institution. This book not only helps students to master core microeconomic theories that are essential for understanding the tourism and hospitality industry, but, more importantly, it guides students to analyze consumer behavior and firm strategy specific to the industry. Throughout the book, readers are guided to develop the economic analysis of tourism and hospitality that progresses from economic intuition to graphical representation and to mathematical quantification. Carefully corralled case studies showcase the applications of key microeconomic theories in solving a wide range of real-world problems, including Uber’s surge pricing, Airbnb’s supply adjustment, and McDonald’s and Burger King vying for prime locations. This book is written in an accessible style, illustrated with exquisite diagrams, and enriched with a range of other features, such as chapter summaries, review questions, and further readings to aid readers’ further understanding. By reading this book, students will be able to develop an economist’s way of thinking, which will enable them to analyze tourism and hospitality businesses in a rigorous and critical manner. This book is essential reading for all tourism and hospitality students and teachers.

Author : Ricardo C.S. Siu
Publisher : Routledge
Page : 203 pages
File Size : 47,9 Mb
Release : 2019-06-27
Category : Business & Economics
ISBN : 9781351610308

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Economic Principles for the Hospitality Industry by Ricardo C.S. Siu Pdf

Economic Principles for the Hospitality Industry is the ideal introduction to the fundamentals of economics in this dynamic and highly competitive sector. Applying economic theory to a range of diverse and global hospitality industry settings, this book gives the theory real-world context. Looking at critical issues around sustainable economic development in the hospitality industry such as diversification, technology, determinants of demand, and pricing, it enables students to effectively conduct business analyses, evaluate business performance and conduct effective improvements over time. Written in an engaging style, this book assumes no prior knowledge of economics and contains a range of features, including international case studies and discussion questions, to aid beginners in the subject. This will be an essential introductory yet comprehensive resource on economics for all hospitality students.

Author : Norbert Vanhove
Publisher : Routledge
Page : 578 pages
File Size : 45,8 Mb
Release : 2017-12-04
Category : Business & Economics
ISBN : 9781351263788

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The Economics of Tourism Destinations by Norbert Vanhove Pdf

The measurement of tourism, for example analysing competitiveness and evaluating tourism projects, is not an easy task. Now in its third edition, The Economics of Tourism Destinations: Theory and Practice provides a succinct guide to the economic aspects of tourism for students and practitioners alike to decipher the methods of measurement of supply, demand, trends and impacts. This new edition has been revised and updated to include: Three new chapters: Tourism as a development strategy, Tourism export-led growth, and a dedicated chapter on Macro-evaluation of tourism projects and events, including the travel cost method and the contingent valuation method. New case studies from emerging destinations in Asia, Australia and America to show theory in practice. New and updated data throughout. Each chapter combines theory and practice and is integrated with international case studies. Combining macro- and micro-aspects of economics to the tourism destination, this is an invaluable resource for students learning about this subject, as well as being aimed at tourism researchers and policy-makers.

Author : Mike J. Stabler,Andreas Papatheodorou,M. Thea Sinclair
Publisher : Routledge
Page : 535 pages
File Size : 52,5 Mb
Release : 2009-12-16
Category : Business & Economics
ISBN : 9781135194970

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The Economics of Tourism by Mike J. Stabler,Andreas Papatheodorou,M. Thea Sinclair Pdf

"The publication of the second edition of The Economics of Tourism is a timely contribution to the theory and practice of tourism. The book retains both the rigour and relevance to the study of tourism as the original text which is considered to be the gold standard of tourism economics and is a must for those who study and undertake research into tourism from economic, environmental and social perspectives." Professor Haiyan Song, The Hong Kong Polytechnic University, HK "This Second Edition is a "Wikipedia" of tourism economic research and strategic thinking and a must read for academic, corporate and policy thinkers. It builds on the earlier solid economic analysis of the sector to reflect contemporary geopolitical and socioeconomic issues. Going beyond a globalizing, poverty divided world to one where climate, population, resources and the green economy are dominant issues. We are proud of its genesis and continuing association with TTRI." Professor Geoffrey Lipman, University of Nottingham, UK

Author : Donald E. Lundberg,M. Krishnamoorthy,Mink H. Stavenga
Publisher : John Wiley & Sons
Page : 216 pages
File Size : 43,6 Mb
Release : 1995-02-06
Category : Business & Economics
ISBN : NWU:35556025704701

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Tourism Economics by Donald E. Lundberg,M. Krishnamoorthy,Mink H. Stavenga Pdf

The first and only comprehensive introduction to the economics of tourism... A knowledge of economic trends and conditions is fundamental to strategic planning and project development in any business. Yet, despite the fact that tourism has become the world's largest industry, until now, there were no textbooks devoted to the economics of tourism. A book whose time has finally come, Tourism Economics arms students and industry professionals with a solid working knowledge of economic concepts and analytical techniques as they apply to tourism. Written by three experts from the U.S. International University's prestigious Department of Hotel, Restaurant, and Tourism Management, Tourism Economics: Explains all important economic principles and concepts, defines key terminology, and clearly describes a number of analytical models and forecasting techniques Illustrates all points covered with numerous case studies from around the world and selected reading excerpts Requires no prior familiarity with economics and features a clear, easy-to-read, nonmathematical style "Tourism can be viewed as an institution with millions of interactions taking place, an institution with a history, body of knowledge, and a constituency of millions of people who feel themselves a part of the institution. For purposes of this book, tourism is an economic activity involving billions of dollars exchanged each month, a social science to be analyzed, trends to be identified, and costs/benefits to be computed."—from Tourism Economics The past two decades have been a time of fast and furious growth for world tourism, accounting for more than 6% of the world's gross national product ($3.2 trillion in 1993) and employing 127 million people worldwide, tourism is now, beyond a doubt, the world's largest industry. And with an average of 20,000 new jobs created per each additional $1 million spent on travel, tourism is also the most prolific generator of new jobs. As a consequence of tourism's growing preeminence, a new field has emerged over the past few years to help the tourism industry and public policymakers better understand the impact of tourism on other segments of the economy and to recognize and facilitate current and future economic trends in tourism—tourism economics. This groundbreaking book was written by three experts from the U.S. International University's prestigious Department of Hotel, Restaurant, and Tourism Management. With the assistance of numerous case studies from around the world and selected reading excerpts, they explain all relevant economic principles and concepts, define key terminology, and clearly describe a number of useful analytical models and forecasting techniques. Requiring no prior knowledge of economics, Tourism Economics features a clear, easy-to-read, nonmathematical style. A book whose time has finally come, Tourism Economics is indispensable reading for students of tourism and hospitality as well as industry professionals and researchers.

Author : John Tribe
Publisher : Routledge
Page : 497 pages
File Size : 53,9 Mb
Release : 2020-04-01
Category : Business & Economics
ISBN : 9781000041439

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The Economics of Recreation, Leisure and Tourism by John Tribe Pdf

One of the leading texts in the field, The Economics of Recreation, Leisure and Tourism is the ideal introduction to the fundamentals of economics in these industries, helping you to enjoy and pass an economics module as part of tourism, recreation, events or sport management degrees. International in its outlook, it will equip you with vital skills and knowledge for your future career as well as critical skills to help you understand and help tackle crucial challenges facing the world. It is written in a clear and engaging style that assumes no prior knowledge of economics. It applies economic theory to a range of tourism industry issues at the consumer, business, national and international level by using topical examples to give the theory real-world context. This book is richly illustrated with diagrams and contains a range of features such as international case studies showcasing current issues, review questions and extracts from journals to aid understanding and further knowledge, as well as new data and statistics. It concludes with a powerful critique of traditional economics and a set of twenty-one issues that demand action. This sixth edition has been revised and updated to include: recent and time series international economic data to provide a sense of the dynamics of world economies topical analysis to aid decision making for industry, governments and pressure groups a renewed emphasis on environmental and climate change issues new and revised international case studies that demonstrate theoretical principles of economics as applied to the sector a companion website with PowerPoint slides.

Author : P. Cullen
Publisher : Arden Shakespeare
Page : 224 pages
File Size : 40,8 Mb
Release : 1996-08-01
Category : Hospitality industry
ISBN : 0412605406

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Economics for Hospitality Management by P. Cullen Pdf

Author : Milena S. Nikolova
Publisher : Academic Press
Page : 278 pages
File Size : 41,5 Mb
Release : 2020-09-24
Category : Business & Economics
ISBN : 9780128138120

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Behavioral Economics for Tourism by Milena S. Nikolova Pdf

Behavioral Economics for Tourism applies behavioral perspectives to business and policy challenges in the tourism industry. The book enables professionals and early career researchers to succeed by focusing on market and consumer trends, technological advancements, and the modern tourist. It covers the transformation of purchasing decisions, tourism hosting dynamics, digital mediation and disintermediation of tourism organizations, service design, and planning policy considerations. The volume concludes with case studies illustrating successful and unsuccessful behavioral tactics and strategies for tourism businesses and organizations. Provides behavioral profiling of the digitally-informed, mobile, self-managed tourist Allows the tourism industry to better understand tourists, both cognitively and emotionally Supports business success, technology development and sustainability in the tourism industry Features case studies on behavioral tactics and strategies for use in tourism

Author : Gursoy, Dogan,Sarıışık, Mehmet,Nunkoo, Robin,Boğan, Erhan
Publisher : Edward Elgar Publishing
Page : 400 pages
File Size : 47,5 Mb
Release : 2021-09-14
Category : Business & Economics
ISBN : 9781800376243

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COVID-19 and the Hospitality and Tourism Industry by Gursoy, Dogan,Sarıışık, Mehmet,Nunkoo, Robin,Boğan, Erhan Pdf

Offering a comprehensive understanding of the implications of the COVID-19 pandemic for the tourism and hospitality industry, this book discusses the topic from economic, sociological and psychological perspectives. Critical case studies are used to explore both micro impacts on individuals involved in the industry and governmental and international responses to issues posed by the pandemic more broadly.

Author : Norbert Vanhove
Publisher : Routledge
Page : 341 pages
File Size : 51,8 Mb
Release : 2011
Category : Business & Economics
ISBN : 9780080969961

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The Economics of Tourism Destinations by Norbert Vanhove Pdf

The measurement of tourism is not an easy task. In the last decade there has been a growing interest in the tourism world in new methods to measure demand and supply of tourism. Fully revised and updated, the second edition of The Economics of Tourism Destinations provides a succinct guide to the economic aspects of tourism for students and practitioners alike to decipher the methods of measurement of supply, demand, trends and impacts. This book emphasizes new aspects such as measurement of tourism (e.g. Tourism Satellite Account), supply trends, competition models, macro evaluation of tourism projects and events and the role of tourism in a development strategy. Each chapter combines theory and practice and international case studies are provided.

Author : Peter Cullen
Publisher : Unknown
Page : 0 pages
File Size : 41,6 Mb
Release : 1997
Category : Hospitality industry
ISBN : 1861521790

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Economics for Hospitality Management by Peter Cullen Pdf

Cullen introduces the applications of economic concepts in hospitality management and within hospitality organisations, showing the development of policy through identification, evaluation, planning, implementation and outcome appraisal.

Author : Norbert Vanhove
Publisher : Routledge
Page : 271 pages
File Size : 55,5 Mb
Release : 2012-08-21
Category : Business & Economics
ISBN : 9781136358043

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Economics of Tourism Destinations by Norbert Vanhove Pdf

The measurement of tourism is not an easy task. The Economics of Tourism Destinations provides a succinct guide to the economic aspects of tourism for students and practitioners alike to decipher the methods of measurement of supply, demand, trends and impacts. In nine chapters, The Economics of Tourism Destinations takes the reader through the economic characteristic of the tourism sector, to methods of measurement, tourism demand and supply, impacts and forecasting all with the focus on tourism destinations. International case studies are used throughout including tourism surveys in the UK and other European countries, congress centre in Bruges and income generation in several destinations. Aimed at year three undergraduates and postgraduate students, this text is suitable for those on master levels courses and practitioners already in the industry.

Author : Mauro Ferrante,Oliver Fritz,Özge Öner
Publisher : Springer Nature
Page : 510 pages
File Size : 50,7 Mb
Release : 2020-12-16
Category : Business & Economics
ISBN : 9783030612740

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Regional Science Perspectives on Tourism and Hospitality by Mauro Ferrante,Oliver Fritz,Özge Öner Pdf

This book approaches the tourism and hospitality industry from a regional science perspective. By analyzing the spatial context of tourist travels, the hospitality sector, and the regional impacts of tourist activities, it demonstrates the value of the regional science paradigm for understanding the dynamics and effects of tourism and hospitality-related phenomena. Written by leading regional science scholars from various countries as well as professionals from organizations such as OECD and AirBnB, the contributions address topics such as migration, new types of accommodation, segmentation of tourism demand, and the potential use of tracking technologies in tourism research. The content is divided into five parts, the first of which analyzes spatial effects on the development of firms in the tourism industry, while the second approaches temporal and spatial variability in tourism through analytical regional science tools. The broader economic and social impacts of tourism are addressed in part three. Part four assesses specific tourism segments and tourist behaviors, while part five discusses environmental aspects and tourism destination policies. The book will appeal to scholars of regional and spatial science and tourism, as well as tourism specialists and policymakers interested in developing science and evidence-based tourism policies.

Author : Guido Candela,Paolo Figini
Publisher : Springer Science & Business Media
Page : 626 pages
File Size : 51,8 Mb
Release : 2012-06-30
Category : Business & Economics
ISBN : 9783642208737

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The Economics of Tourism Destinations by Guido Candela,Paolo Figini Pdf

The book aims at providing an overview of the main economic issues related to tourism activities. While tourism is an important sector, contributing to more than 10% of the European Union’s GDP, research and teaching at the university level has only recently grown to a considerable level, and the field still lacks a firm research methodology. This book approaches tourism economics as an applied field of study in which tourism markets are represented as imperfect markets, with asymmetric and incomplete information among agents, bounded rationality, and with a strong presence of externalities and public goods. The economic issues studied in the book are approached both intuitively, largely using examples and case studies, and formally, with mathematical formalizations in text boxes.