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  1. Home
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  3. Travel Industry Economics
  • This book is no longer available to purchase from Cambridge Core
  • Cited by 72
Publisher:
Cambridge University Press
Online publication date:
June 2012
Print publication year:
2001
Online ISBN:
9781139167130
DOI:
https://doi.org/10.1017/CBO9781139167130
Subjects:
Economics, Economic Theory, Finance and Accountancy
Information

Book description

People around the world spend at least 1 trillion dollars on travel each year. Travel and tourism form the world's largest industrial sector and employ over 300 million people, nearly one-tenth of the global workforce. In this path-breaking book Vogel examines the business economics of each of the segments of the travel industry: by airlines, cruises, railroads, buses, automobiles, hotels, casinos, amusement and theme parks, and tourism. The result is a concise, up-to-date reference guide for financial analysts, economists, industry executives, and teachers and students interested in the economics, finance and marketing of travel-related goods and services. Its approach closely parallels the highly successful perspective taken in Vogel's Entertainment Industry Economics (fourth edition, 1998, fifth edition forthcoming). A glossary, 'time-line' diagrams and technical appendices enhance the book's appeal as a reference tool. Its fully integrated assessment of the business of travel makes the work unique in the marketplace.

Reviews

"The book accomplishes what it sets out to achieve, namely, providing a concise treatment that ties together all the major industry segments from the perspective of a potential investor or financial economist. The book will be a real contribution to the literature." Mark W. Nichols, Universiyt of Nevada, Reno

"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 commerical 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

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