Institute of Travel and Tourism

The first and only comprehensive introduction to the economics of tourism... A knowledge of economic trends and conditions is fundamental to strategic planning and project development in any business. Yet, despite the fact that tourism has become the world's largest industry, until now, there were no textbooks devoted to the economics of tourism. A book whose time has finally come, Tourism Economics arms students and industry professionals with a solid working knowledge of economic concepts and analytical techniques as they apply to tourism. Written by three experts from the U.S. International University's prestigious Department of Hotel, Restaurant, and Tourism Management, Tourism Economics: Explains all important economic principles and concepts, defines key terminology, and clearly describes a number of analytical models and forecasting techniques Illustrates all points covered with numerous case studies from around the world and selected reading excerpts Requires no prior familiarity with economics and features a clear, easy-to-read, nonmathematical style "Tourism can be viewed as an institution with millions of interactions taking place, an institution with a history, body of knowledge, and a constituency of millions of people who feel themselves a part of the institution. For purposes of this book, tourism is an economic activity involving billions of dollars exchanged each month, a social science to be analyzed, trends to be identified, and costs/benefits to be computed." from Tourism Economics The past two decades have been a time of fast and furious growth for world tourism, accounting for more than 60f the world's gross national product ($3.2 trillion in 1993) andemploying 127 million people worldwide, tourism is now, beyond a doubt, the world's largest industry. And with an average of 20,000 new jobs created per each additional $1 million spent on travel, tourism is also the most prolific generator of new jobs.

Tourism is the world's largest industry and environmentally sustainable tourism or "ecotourism" has become a major area of interest for governments, the private sector and international lending institutions. It is regarded as a way of allowing economic development whilst protecting against environmental degradation, especially in those countries with fragile ecosystems. However, this may not be the reality. Rosaleen Duffy presents the first critical analysis of "ecotourism"; does it deliver real environmental benefits or is it just a marketing opportunity "green greed"? By the extensive use of case study and interview material, she shows how ecotourism can work to support conservation and local economies given the right political context and regulation. The ideas and proposals that are presented will be important for the development of ecotourism around the globe and will be vital reading for academics in development and environmental studies and for NGOs and the tourism industry.

Gay tourism - Gay tourism is a form of niche tourism marketed to gays who have an openly gay lifestyle and who wish to travel to gay travel destinations in order to participate to some extent in the gay life of the destination area. As an industry it has some substantial maturity, and includes such gay tourism specialists as travel agents, tour companies, cruise lines and travel advertising and promotions companies who market these destinations to gays.

Virtual tourism - Virtual tourism refers to exploring other areas in the world without having to physically travel. It is done using the internet, travel literature (travel guides and travelogues), and television.

Adventure tourism - Adventure tourism is a type of niche tourism involving exploration or travel to remote areas, where the traveller should expect the unexpected. Adventure tourism is rapidly growing in popularity as tourists seek unusual holidays, different from the typical beach vacation.

Society for Accessible Travel & Hospitality - The Society for Accessible Travel & Hospitality, or SATH, is a New York-based non-profit organization dedicated to the promotion of accessibility in the travel & tourism industries. Founded in 1976, SATH's website states its mission as seeking "to raise awareness of the needs of all travelers with disabilities, remove physical and attitudinal barriers to free access and expand travel opportunities in the United States and abroad.

instituteoftravelandtourism

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