Travel Industry Economics: A Guide for Financial Analysis

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9780521026949: Travel Industry Economics: A Guide for Financial Analysis
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People around the world spend at least one trillion dollars on travel each year. Travel and tourism comprise the world's largest industrial sector and employ over 300 million people, nearly one-tenth of the global work force. In this path-breaking book Harold L. Vogel examines the business economics of each of the segments of the travel industry, comprised of airlines, cruises, railroads, buses, automobiles, hotels, casinos, amusement and theme parks, and tourism. The result is a concise, up-to-date reference guide for financial analysts, economists, industry executives, and teachers and students interested in the economics, finance, and marketing of travel-related goods and services in the United States and overseas. A glossary, "time-line" diagrams, and technical appendices enhance the book's appeal as a reference tool. Its fully integrated assessment of the business of travel makes the work unique in the marketplace. Harold L. Vogel is author of the highly successful Entertainment Industry Economics: A Guide for Financial Analysis. A chartered financial analyst, Mr. Vogel was a senior analyst with Merrill Lynch for seventeen years. He is an adjunct professor in the Graduate School of Business at Columbia University.

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Vogel is the author of the authoritative Entertainment Industry Economics (1986), which will see its fifth edition published this winter, and Institutional Investor has regularly ranked him Wall Street's top entertainment industry analyst. He now offers this counterpart for the travel and tourism industry, which according to Vogel accounts for one percent of the world's workforce. Vogel ties together and analyzes the diverse segments of the industry in a way that will benefit potential investors and financial economists and also journalists, students, industry executives, and government planners. He provides an overview of the travel and tourism business and introduces the economic concepts he uses. The industry segments Vogel examines include airlines, hotels, cruise lines, railroads, automobiles, buses, casinos, amusement and theme parks, and tourism. While readers will need a basic background in economics to take full advantage of his manual, Vogel does include well-written historical profiles, narrative discussions, and whimsical chapter headings for each segment that make his work more accessible to a wider audience. David Rouse
Copyright © American Library Association. All rights reserved

Review:

"The book accomplishes what it sets out to achieve, namely, providing a concise treatment that ties together all the major industry segments from the perspective of a potential investor or financial economist. The book will be a real contribution to the literature." Mark W. Nichols, Universiyt of Nevada, Reno

"The author is a well-known financial analyst and has obvious experience in the economics of the entertainment industry. Part Two of the book, entitled "Getting There," is a well-written primer on the subject of transport industry and its various segments and contains one of the best-written short treatises on the commerical aviation industry that I have ever read. It dives into technology, regulation, operations, and operations systems including global distribution networks that are the successors to the simple reservations systems of old. The discussion of the economic characteristics of the industry is worth the whole price of the book." Malcolm A. Noden, Cornell University

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9780521781633: Travel Industry Economics: A Guide for Financial Analysis

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ISBN 10:  0521781639 ISBN 13:  9780521781633
Publisher: Cambridge University Press, 2001
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