Drawing on original case study material from the USA and around the world and selected reading excerpts, the book offers a detailed study of the economics of tourism, mainly from a US perspective. It explains all relevant economic principles and concepts, defines key terminology and describes a number of analytical models and forecasting techniques. Designed to be of use primarily among college students in the fields of hospitality management and business administration, and professionals working in the tourist industry, as well as among government agencies, the book is presented in three main parts: Introduction to tourism economics; Economics of tourism sectors, covering hotels, restaurants and airlines, and the economics of other sectors including travel agencies, cruise lines and car rental; and Quantitative methods applied to tourism economics, which looks at the multiplier effect, forecasting tourism demand and analysis of tourism projects.
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