The Economics of Tourism

The Economics of Tourism

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This book uses contemporary economic analysis to help readers understand the tourism industry. Referring to the work of Nobel winning economists, it shows how to understand tourism market behavior as rational responses to high fixed costs, low marginal costs and capacity constraints. Throughout the book, technical change is addressed as it relates to adjustments in business models and strategies. A clear explanation of revenue management is also included. With a focus on basic economic principles, it shows how we can use elementary supply and demand analysis to understand the broad changes in tourism over many centuries and today.Anyone interested in a career in tourism.National Tax Journal 49 (1996): 401-12. MGM Mirage (2006), aquot;Form 10-K, aquot; Fiscal Year 2005, http:// 1 0 1 502aamp;p= irol- seccataamp;seccat_rs= 1 laamp;seccat_rc=10. (2007) ... (2006c), aquot;Annual Report 2004, aquot; Portals/0/reading_room/biennial_reports/nigc_2004_ annual_report.pdf.

Title:The Economics of Tourism
Author:William S. Reece
Publisher:Pearson College Div - 2009-01-10


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