Travel Industry Economics : A Guide for Financial Analysis

Each year, over one trillion dollars is spent worldwide on travel, making this sector the world's largest. Harold L. Vogel examines the business and investment aspects of major industry components including airlines, hotels, casinos and theme parks. The result is an up-to-date reference for analysts, economists, executives, regulators and journalists.

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.