In this book Harold L.
Vogel comprehensively examines the business economics and investment aspects of
major components of the travel industry, including airlines, hotels, casinos,
amusement and theme parks and tourism. The book is designed as
an economics-grounded text that uniquely integrates a review of each
sector's history, economics, accounting, and financial analysis
perspectives and relationships. As such, it provides a concise,
up-to-date reference guide for financial analysts, economists, industry
executives, legislators and regulators, and journalists interested in the
economics, financing and marketing of travel and tourism related goods and
services. The third edition of this well-established text updates,
refreshes, and significantly broadens the coverage of tourism economics. It
further includes new sections on power laws and price-indexing effects and also
introduces new charts comparing airline and hotel revenue changes and lodging
revenue changes in relation to GDP.