Tourism Economics and Policy

Since the publication of the first edition of this seminal textbook, the tourism economics landscape has undergone many changes. In this concise revised edition, the authors have incorporated new approaches and ideas influencing tourism economics and policy. This includes discussions of the implications of the sharing economy and its effect on industry structure in accommodation and transport, and Artificial Intelligence (AI) techniques that are being increasingly employed in tourism forecasting. It also includes new material on surface and marine transport, resident quality of life issues, the price mechanism, the economic contribution of tourism, tourism and economic growth, and tourism and sustainable development. It remains an important and accessible text for students, researchers and practitioners in tourism economics and tourism policy.

“This second edition shows that the authors have been continuously improving the relevance and readability of the text with the latest research findings in tourism economics. It is very well written and the flow and logic of the writing is appropriate and easily accessible for students, researchers and practitioners.”

This revised edition covers a wide range of key topics in tourism economics updated to reflect latest trends in scholarship. The book provides students and researchers with tools to understand the latest changes affecting the tourism industry globally and to support private and public sector decision making to deliver desirable economic outcomes.

I am pleased to recommend the second edition of Tourism Economics and Policy. This textbook is a rich resource for students, practitioners and scholars who want to enhance their knowledge and understanding on the subjects of tourism and economics. It provides a comprehensive picture of the main operations and activities in the tourism industry.

Larry Dwyer is Visiting Research Professor at University of Technology, Sydney, Australia. He is also Adjunct Professor at Griffith University, Australia and University of Ljubljana, Slovenia.

Peter Forsyth is Adjunct Professor, Monash University, Melbourne, Australia.

Wayne Dwyer is a former Senior Lecturer in economics and finance at the University of Western Sydney, Australia.

Since the publication of the first edition of this seminal textbook, the tourism economics landscape has undergone many changes. In this concise revised edition, the authors have incorporated new approaches and ideas influencing tourism economics and policy. This includes discussions of the implications of the sharing economy and its effect on industry structure in accommodation and transport, and Artificial Intelligence (AI) techniques that are being increasingly employed in tourism forecasting. It also includes new material on surface and marine transport, resident quality of life issues, the price mechanism, the economic contribution of tourism, tourism and economic growth, and tourism and sustainable development. It remains an appropriate and accessible text for students, researchers and practitioners in tourism economics and tourism policy.

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