Tourism Economics and PolicyTourism Economics and Policy combines a comprehensive treatment of economic concepts and applications in tourism contexts. The topics covered are those that most occupy the attention of tourism economists in research and policy areas internationally. Content includes tourism demand and forecasting; tourism supply and pricing; measuring tourism’s economic contribution using tourism satellite accounts; measuring the impacts and benefits of changes in tourism demand, contrasting Input-output and computable general equilibrium modelling; cost benefit analysis; economic evaluation of special events; tourism investment and infrastructure; tourism taxation; aviation and tourism issues, tourism and the environment (including climate change) and destination competitiveness. The text provides an excellent basis for students to appreciate the relevance of economic analysis to the solution of real life tourism issues as well as its importance for decision making by both destination managers and tourism operators. |
Contents
Preface xvii | 17 |
Overview 1 | 23 |
Demand for Tourism 37 | 55 |
Forecasting Tourism Demand 83 | 101 |
Tourism Supply 135 | 153 |
Strategic Pricing in Tourism 176 | 194 |
Distinguishing the Economic Contribution Economic Impacts and | 229 |
Measuring Tourisms Economic Contribution Impacts and Net Benefits 237 | 255 |
Investing in Tourism Infrastructure 489 | 507 |
Foreign Direct Investment 511 | 529 |
Taxation and Tourism 537 | 555 |
Tourism and Aviation 581 | 599 |
Valuing the Environmental Impacts of Tourism 629 | 647 |
Economic Instruments and Environmental Protection in Tourism 677 | 695 |
Climate Change and Tourism 707 | 725 |
Destination Competitiveness 757 | 775 |
Economic Impacts of Tourism Using InputOutput Models 282 | 300 |
CGE Modelling 316 | 334 |
CostBenefit Analysis 365 | 383 |
Economic Evaluation of Special Events 405 | 423 |
Investment by Tourism Firms 459 | 477 |
Future Directions | 793 |
Future Directions for Research in Tourism Economics 795 | 813 |
| 830 | |
About the authors 841 | 859 |
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Common terms and phrases
additional airlines airport analysis assessment Australia aviation capital carbon footprint carbon tax CGE models Chapter climate change consumer consumer surplus consumption costs and benefits countries deadweight loss destination competitiveness discussed domestic economic activity economic impacts effects employment environment environmental estimated evaluation example exchange rate external costs factors fares Figure firm’s forecasting foreign global growth household IMPACTS OF TOURISM important inbound tourism income increase indicators inputs labour marginal cost MEASURING TOURISM’S ECONOMIC multipliers operators output overall passengers pollution potential price competitiveness price discrimination product differentiation profits Qantas reduce region relative result revenue sector social special events strategies subsidies tourism demand tourism development tourism expenditure tourism firms tourism industry tourism infrastructure tourism investment tourism product TOURISM SUPPLY tourism taxation TOURISM’S ECONOMIC CONTRIBUTION transport UNWTO value added variables visitors