The Economics of Tourism

Tourism is a major global industry and continues to expand at a rapid rate. This two-volume collection of key published articles provides a comprehensive and much needed overview of the economics of tourism. Many of these articles are not readily available as they have been published in a range of non-economics journals. This reflects partly the presence of specialised journals devoted to tourism and partly the interdisciplinary nature of the subject. The editor has prepared an authoritative introduction, which not only presents an overview of the contents of each volume, introducing the subject to a wider non-specialist audience, but also provides insights and critical comments. The first volume concentrates on the basic economics of tourism. It covers the nature and role of tourism economics, determinants of tourism demand and the forecasting of such demand, supply-side aspects of tourism including industrial organization and issues in managerial economics, and public finance and public economics in relation to tourism. The second volume examines wider matters such as impact analyses of tourism, international tourism, tourism in developing countries and its role in economic development, and sustainability and environmental aspects of tourism. This book is a valuable reference for researchers, students and policymakers interested in tourism economics and tourism management, as well as non-specialists seeking an introduction to the subject.