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Since the publication of the first edition of this seminal textbook, the tourism economics landscape has undergone many changes. In this concise revised edition, the authors have incorporated new approaches and ideas influencing tourism economics and policy. This includes discussions of the implications of the sharing economy and its effect on industry structure in accommodation and transport, and Artificial Intelligence (AI) techniques that are being increasingly employed in tourism forecasting. It also includes new material on surface and marine transport, resident quality of life issues, the price mechanism, the economic contribution of tourism, tourism and economic growth, and tourism and sustainable development. It remains an important and accessible text for students, researchers and practitioners in tourism economics and tourism policy.
This second edition shows that the authors have been continuously improving the relevance and readability of the text with the latest research findings in tourism economics. It is very well written and the flow and logic of the writing is appropriate and easily accessible for students, researchers and practitioners.
Larry Dwyer is Visiting Research Professor at University of Technology, Sydney, Australia. He is also Adjunct Professor at Griffith University, Australia and University of Ljubljana, Slovenia.
Peter Forsyth is Adjunct Professor, Monash University, Melbourne, Australia.
Wayne Dwyer is a former Senior Lecturer in economics and finance at the University of Western Sydney, Australia.
Part 1 Tourism Demand and Supply
Chapter 1. The Demand for Tourism
Chapter 2. Tourism Supply
Chapter 3. The Price Mechanism
Chapter 4. Tourism and Market Structure
Chapter 5. Strategic Pricing in Tourism
Part 2 Tourism Forecasting
Chapter 6. Forecasting Tourism Demand
Part 3 Tourism’s Economic Contribution and Economic Impacts
Chapter 7. Economic Contribution of Tourism
Chapter 8. Measuring Economic Contribution: Tourism Satellite Accounts
Chapter 9. Economic Impacts of Tourism
Chapter 10. Economic Evaluation of Special Events
Part 4 Tourism Investment and Taxation
Chapter 11. Investment by Tourism Firms
Chapter 12. Investment in Tourism Infrastructure
Chapter 13. Taxation of Tourism
Part 5 Tourism and Transport
Chapter 14. Tourism and Transport
Part 6 Tourism and the Environment
Chapter 15. Valuing Tourism’s Environmental Effects
Chapter 16. Economic Instruments and Environmental Protection in Tourism
Part 7 Tourism, Growth and Sustainability
Chapter 17. Tourism and Economic Growth
Chapter 18. Tourism and Sustainable Development
Part 8 Destination Competitiveness
Chapter 19. Destination Competitiveness
Part 9 Future Directions
Chapter 20. Future Directions in Tourism Economics