Travel Industry Economics
A Guide for Financial Analysis

Harold L. Vogel examines the economics and investment aspects of major industry components including airlines, hotels, casinos and theme parks.

Harold L. Vogel (Author)

9781107025622, Cambridge University Press

Hardback, published 22 October 2012

346 pages, 57 b/w illus. 48 tables
23.5 x 15.7 x 2 cm, 0.58 kg

Praise for the first edition: 'The author is a well-known financial analyst and has obvious experience in the economics of the entertainment industry. Part two of the book, entitled 'Getting There', is a well-written primer on the subject of transport industry and its various segments and contains one of the best-written short treatises on the commercial aviation industry that I have ever read. It dives into technology, regulation, operations, and operations systems including global distribution networks that are the successors to the simple reservations systems of old. The discussion of the economic characteristics of the industry is worth the whole price of the book.' Malcolm A. Noden, Cornell University

Each year, people around the world spend well over one trillion dollars on travel and tourism, making this sector the world's largest, with employment of 300 million people, one-tenth of the global workforce. In this book Harold L. Vogel examines the business economics and investment aspects of major industry components that include airlines, hotels, casinos, amusement and theme parks, and tourism. The result is a concise, up-to-date reference guide for financial analysts, economists, industry executives, legislators, regulators and journalists interested in the economics, financing and marketing of travel-related goods and services. The new edition expands coverage to airport management, Asian gaming, recreational resorts, restaurants, private jet services and advertising. Sections on the pricing and availability of oil and public policy issues such as antitrust and predation have also been added. A glossary, timeline diagrams and technical appendices enhance the book's appeal as a reference tool.

Part I. Introduction: 1. Economic perspectives
Part II. Getting There: 2. Wings
3. Water and wheels
Part III. Being There: 4. Hotels
Part IV. Doing Things There: 5. Casinos
6. Amusement/theme parks and resorts
7. Tourism
Part V. Roundup: 8. Performance and policy
Appendix A
Appendix B
Appendix C
Glossary
References
Notes.

Subject Areas: Engineering: general [TBC], Tourism industry [KNSG], International business [KJK], Business studies: general [KJB], Finance [KFF], Econometrics [KCH], Economics [KC]