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ECONOMICS OF TRAVEL &TOURISM

ECONOMICS OF TRAVEL &TOURISM. CHAPTERS AND CONTENTS. CHAPTER 1 RESOURCES IN TOURISM. Tourism concepts Working definitions in travel and tourism The tourism industry and its products Resources Travel and tourism resources Resource combinations Controlling and rewarding resource use.

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ECONOMICS OF TRAVEL &TOURISM

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  1. ECONOMICS OF TRAVEL &TOURISM CHAPTERS AND CONTENTS

  2. CHAPTER 1 RESOURCES IN TOURISM • Tourism concepts • Working definitions in travel and tourism • The tourism industry and its products • Resources • Travel and tourism resources • Resource combinations • Controlling and rewarding resource use

  3. CHAPTER 2 TOURIST TYPES • The importance of segmentation • Segmentation by purpose of travel • Psychographic segmentation • Interactional segmentation • Changes in tourist types over time • Types of tourists today: a summary • The needs and impacts of different types of tourists • Types of tourist and destinational economic policy

  4. CHAPTER 3 THE ECONOMICS OF TOURISM DEMAND • The nature of demand • Products and buyer objectives in tourism • Types of variables influencing and constraining tourism demand • Levels of choice in travel and tourism demand • Constraints on tourism demand • Income and price effects • Other special variables in tourism demand

  5. CHAPTER 4 TOURISM ENTERPRISES • Introduction • Objectives of tourism enterprises • Market structures • Carriers • Accommodation • Attractions and support services • Middlemen • Integration • Concentration

  6. CHAPTER 5 SUPPYING TRAVEL AND TOURISM PRODUCTS • The decision to supply • The frames in tourism supply • Production functions and inputs • Costs and supply in tourism • Pricing • Elasticity of supply • Carriage by air • Cruising • Hotel and motel accommodation • Natural and historic attractions • Air tour operation • Controls on supply

  7. CHAPTER 6 EQUILIBRIUM IN TOURISM MARKETS • The Establishment of partial equilibrium • The problems of identifying equilibrium in tourism • The dynamics of equilibrium in tourism • Long-term cycles and tourism in general equilibrium

  8. CHAPTER 7 TOURISM GROWTH AND NATIONAL ECONOMIES • Introduction • The national economy • Tourism’s contribution to GDP • Problems in measuring tourism’s contribution to GDP • International comparisons of tourism in GDP • Methods of measurement • Tourism growth and its effects on an economy • Forecasting the value of tourism

  9. CHAPTER 8 EMPLOYMENT AND INCOME CREATION • National income • The distribution of national income • The direct value of tourism to employment of factors • The distribution of tourism-generated income • Secondary employment and income 1: tourism multipliers • Employment and other multipliers • Secondary employment and income 2: input-output analysis • Labor markets and employment

  10. CHAPTER 9 UNPRICED VALUES AND EXTERNALITIES • Introduction: non market economics • Tourists’ values • Public and non tradeable goods in tourism • Net values and opportunity costs • The asset theory of tourism • Externalities • Classification of externalities in tourism • Cost-benefit analysis for travel and tourism developments • Optimising the total social value of tourism

  11. CHAPTER 10 THE BALANCE OF TOURISM PAYMENTS: TOURISM’S EXTERNAL ACCOUNT • Balance of payments terminology • Comparative advantage in tourism • Tourism payments’ statistics • Travel receipts and payments

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