The Economics of Tourism Destinations

Höfundur: Norbert Vanhove (Útgáfa: 5)
The Economics of Tourism Destinations

Kaup valmöguleikar

Revised and updated, the fifth edition of The Economics of Tourism Destinations provides a guide to the economic aspects of tourism for students and practitioners to decipher the methods of measurement of supply, demand, trends and impacts as well as the role of tourism in development strategy for destinations and regional development. Each chapter combines theory and practice with international case studies throughout.

New to this fifth edition: New content on overtourism, tourism’s vulnerability, DMO and overtourism, the new travel and tourism development index, AI and tourism, and sustainable development. Pedagogical features: new case studies, discussion questions and student activities to show theory in practice and encourage reflection on the content. Updated data throughout and reference to important new literature.

Nánar um bókina

Útgefandi
Taylor & Francis
ISBN
9781040908198
Print ISBN
9781041295006
Format
ePub
Útgáfa
5
Höfundar
Norbert Vanhove
Tungumál
English
Útgefið
2026-07-31
Prent takmörkun á líftíma
100
Prent takmörkun
2
Afritunar takmörkun
2

Kaflar

  • Cover
  • Half Title
  • Title
  • Copyright
  • Dedication
  • Contents
  • List of figures
  • List of tables
  • List of boxes
  • Foreword
  • Preface to the fifth edition
  • Acknowledgements
  • List of abbreviations
  • 1 The economic characteristics of the tourism sector
  • What is tourism?
  • The economic characteristics of tourism
  • What is a tourism destination?
  • Questions
  • 2 Measuring tourism
  • Introduction
  • A tourism information system or destination management information system
  • Measurement of day visitors
  • The tourism satellite account
  • WTO tourism statistics
  • Tourism and/or holiday surveys
  • The tourism production index – WES
  • The Swiss tourism barometer
  • Questions
  • Gross Value Added (GVA)
  • Gross Domestic Product (GDP)
  • Gross National Product (GNP)
  • Difference between GDP and GNP: net factor incomes received from abroad
  • Disposable income
  • Tourism (Direct) Gross Value Added (TGVA)
  • Tourism Gross Domestic Product (TGDP)
  • 3 Tourism demand
  • Determinants of tourism demand
  • Determinant factors of tourist expenses
  • Trends in tourism demand
  • Monitoring source markets for destinations
  • Tourism demand worldwide
  • Holiday participation and holiday frequency
  • Seasonality
  • Questions
  • 4 Overtourism
  • ‘Overtourism’: What does it mean?
  • The causes of ‘overtourism’
  • Cities do not have the monopoly on overtourism
  • Indicators of overtourism
  • Overtourism and local resistance
  • Strategies and measures
  • The role of DMO’s and overtourism
  • Concluding remarks
  • Questions
  • 5 Tourism’s vulnerability: Terrorism and pandemics
  • Introduction
  • Tourism demand and terrorism
  • Measurement of terrorism impact
  • Security threats are more than terrorism
  • Tourism demand and pandemics
  • The German tourism market and COVID-19
  • COVID-19 impacts of inbound tourism on the Australian economy
  • Government support to the tourism sector
  • Recovery: business as usual?
  • Questions
  • 6 Tourism supply
  • Tourism supply in the tourism system
  • Tourism supply, the tourist product and its life cycle
  • Tourism product development
  • Tourism supply and market structures
  • Supply trends
  • Artificial Intelligence (AI) and the tourism industry
  • Questions
  • 7 Pricing and taxation
  • Pricing in tourism
  • Determinants of tourism prices
  • Pricing objectives
  • Pricing approaches
  • The Hubbart formula for determining room rates
  • Break-even analysis
  • Yield management
  • Peak-load pricing
  • Pricing and elasticity of demand
  • Tourism and taxation
  • A tourism tax: Why?
  • Who pays the tourism tax bill: the tourist or the producer?
  • Tax receipts not always what is expected
  • Questions
  • 8 Competition and the tourism destination
  • Introduction
  • The competitive forces of M. Porter
  • Porter’s generic competitive strategies
  • The determinants of competitive advantage in tourism
  • The Poon concept
  • The WES approach
  • The price-competitiveness approach
  • The Bordas model
  • The Ritchie and Crouch conceptual model of destination competitiveness
  • The Dwyer-Kim model
  • Synthesis of the models
  • Ten key factors for a competitive destination
  • The Travel and Tourism Competitiveness Index (TTCI)
  • Travel and Tourism Development Index (TTDI) the successor to the TTCI
  • The partial model of destination competitiveness of Modul University
  • Questions
  • 9 Forecasting tourism demand
  • Introduction
  • Concepts of demand measurement
  • Qualitative methods
  • Traditional approaches
  • The Delphi model
  • Judgement-aided models
  • Quantitative methods
  • Univariate time-series methods
  • Regression analysis or causal methods
  • Test for significance
  • A generic demand model
  • Gravity and trip-generation models
  • Case studies based on regression analysis
  • Final remarks
  • Questions
  • 10 Tourism as a development strategy
  • Introduction
  • Tourism and the value chain
  • Possible options for a good strategy for regional development
  • Sustainable tourism
  • Tourism as a strategic option for regional development
  • Basic and non-basic activities
  • Comparative advantages of tourism
  • Other benefits of the tourism sector
  • Economic disadvantages
  • Incidental costs of tourism
  • Can tourism be a strategic vehicle in developed and less developed countries?
  • Critical remarks
  • Questions
  • 11 Tourism export-led growth
  • Introduction
  • Methodologies for measuring tourism’s contribution to economic growth
  • Case studies of tourism export-led growth
  • Tourism and poverty reduction
  • Income inequality from the personal income point of view
  • Income inequality from the regional point of view
  • Conclusion
  • Questions
  • 12 The economic impact of tourism
  • Introduction
  • Balance of payments and tourism
  • The structure of the balance of payments
  • The real tourism external account
  • The tempting tourism multiplier
  • The multiplier and input-output analysis
  • Measurement of income generation
  • Measurement of employment generation
  • Special characteristics of employment
  • The impact of events: special features
  • Computable general equilibrium models
  • Use of CGE modelling in tourism
  • Questions
  • 13 Micro-evaluation of projects in the tourism and hospitality industry
  • Introduction
  • The nature of a tourism investment appraisal
  • The discounting methods
  • The necessity for a feasibility study
  • Questions
  • 14 Macro-evaluation of projects in the tourism and hospitality industry
  • Foundations of CBA
  • Externalities in tourism
  • Identification of cost and benefit items
  • Quantification of cost and benefit items
  • Valuation of cost and benefit items
  • Willingness to pay and consumer surplus
  • Calculation of NPV and/or IRR
  • Three case studies of CBA in tourism
  • Final remarks
  • Questions
  • 15 Tourism and sustainable development
  • Definitions
  • Measuring the Sustainability of Tourism (MST)
  • Sustainable tourism as a development tool
  • Key issues for sustainable tourism
  • Which sustainability model?
  • Impact of tourism on climate change
  • Impact climate change on tourism
  • Impact of tourism on the environment
  • Socio-cultural impacts of tourism
  • Conclusion
  • Questions
  • Index