Travel Economics -- A Financial Analysis Guide

Author: (USA) Wagel
Publisher:
Publish Date: 2003-03-01
Features: This book offers insightful discussions on major industry sectors of the tourism industry from the perspective of a potential investor or financial analyst, making significant contributions to the field. Chapter 2 of the book provides a concise yet masterful analysis of the aviation industry, examining technology, regulations, operations, and operational systems, including global networks. The section alone on the economic characteristics of the aviation industry is invaluable, almost worth the price of the entire book. Most tourism economics textbooks follow the framework of Western economics, discussing supply and demand perspectives, while the unique charm of this book lies in its author, Harold Wagel, a renowned financial analyst on Wall Street, who examines several key tourism industry sectors—aviation, hotels, cruise ships, railways, automobiles, gambling, and theme parks/amusement parks—from the perspective of a potential investor. The book covers economics issues such as production and operations, economic characteristics, marketing, financial accounting, and asset valuation. It provides abundant data and information from internationally authoritative institutions, making it an invaluable resource for anyone involved in the industry, whether for study or research.