The measurement of tourism, for example analysing competitiveness and evaluating tourism projects, is not an easy task. Now in its third edition, The Economics of Tourism Destinations: Theory and Practice provides a succinct guide to the economic aspects of tourism for students and practitioners alike to decipher the methods of measurement of supply, demand, trends and impacts. This new edition has been revised and updated to include:
- Three new chapters: Tourism as a development strategy, Tourism export-led growth, and a dedicated chapter on Macro-evaluation of tourism projects and events, including the travel cost method and the contingent valuation method.
- New case studies from emerging destinations in Asia, Australia and America to show theory in practice.
- New and updated data throughout.
Each chapter combines theory and practice and is integrated with international case studies. Combining macro- and micro-aspects of economics to the tourism destination, this is an invaluable resource for students learning about this subject, as well as being aimed at tourism researchers and policy-makers.
Table of Contents
1 The economic characteristics of the tourism sector
2 Measuring tourism
3 Tourism demand
4 Tourism supply
5 Pricing and taxation
6 Competition and the tourism destination
7 Forecasting tourism demand
8 Tourism as a development strategy
9 Tourism export-led growth
10 The economic impact of tourism
11 Micro-evaluation of projects in the tourism and hospitality industry
12 Macro-evaluation of projects in the tourism and hospitality industry
Norbert Vanhove (PhD Economic Sciences, Erasmus University, Rotterdam) started his career in tourism at WES Research & Strategy (Bruges) and is co-founder and honorary president of TRC (Tourism Research Center). He is one of the founding fellows of IAST (International Academy for the Study of Tourism) and has been vice-president of AIEST for over ten years. He has been visiting professor (1967–2001) and later treasurer at the College of Europe. Since 2002 he has been part-time professor at KULeuven (Tourism). In the years 1979–2000 he was general director of the Regional Development Authority of West-Flanders and of WES Research & Strategy.
‘Destinations are the pole stars of tourism activity, guiding travel away from home and encouraging its economic contributions to nations, regions and communities. In his new edition, Professor Vanhove has enhanced his masterful study of destination economics to improve the sustainability of destinations and deepen tourism’s positive economic consequences. It is an essential tool for public officials, tourism managers and others concerned with the growth and vitality of their civil societies.’ Douglas C. Frechtling, Professor Emeritus of Tourism Studies, George Washington University, USA
‘The third edition of The Economics of Tourism Destinations builds further on two acclaimed earlier editions. Professor Vanhove has wisely retained the fundamentals of the original version where he stressed the connection between economics and destination. The global orientation that was evident in the second edition has been further strengthened with new chapters and cases covering micro- and macro-aspects. Readers will particularly welcome the dialogue between theory and practice that is evident from the subtitle of the third edition. The combination of accessibility for readers with in-depth analysis makes this an ideal university student handbook.’ Brian King, Associate Dean, School of Hotel and Tourism Management, The Hong Kong Polytechnic University, Hong Kong