Tourism Economics and Policy

This textbook provides a comprehensive review of economic concepts and applications in tourism contexts. Topics include tourism demand and forecasting, tourism supply and pricing, measuring the impacts and benefits of changes in tourism demand, tourism investment and infrastructure, tourism and the environment and destination competitiveness.

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.

Larry Dwyer and Peter Forsyth are internationally reputed tourism economists who have made substantial contributions to the discipline over many years particularly in the area of tourism policy analysis. Larry Dwyer is Qantas Professor of Tourism Economics at the University of New South Wales, Australia while Peter Forsyth is Professor of Economics at Monash University, Australia. Wayne Dwyer, formerly senior lecturer in economics and finance at the University of Western Sydney specialises in managerial economics.

Tourism Economics and Policy is a tome that should be on the shelf of every serious tourism scholar since it addresses the measurement of every aspect of tourism as well as all major themes. It does so in a language that is accessible to non-economists by not assuming that the terminology will be understood, using formulae sparingly, and providing illustrations where possible. This book provides an excellent insight into the application of economic concepts and their application to tourism, and would lend itself to animated debates, particularly at the graduate level. However, many of the topics should also supplement the teaching of the various subjects at the undergraduate level, as they would add a depth not commonly encountered, yet of increasing importance to understanding the complexity of tourism phenomena. Policy-makers would be well advised to read this book and incorporate the rigour it provides into their activities. Marion Joppe, School of Hospitality and Tourism Management, University of Guelph, Ontario, Canada in Tourism Planning & Development

Tourism Economics and Policy is a timely and significant contribution to tourism education and research. The book is suitable for both senior undergraduate and postgraduate students who are pursuing tourism and hospitality related degrees. Researchers and policymakers will also find the book very useful, as it brilliantly integrates various economic theories with tourism practices.

This excellent book is a valuable resource for anyone wishing to understand the application of economic thought to the fascinating field of tourism. Its style is both rigorous and readable, and students will value the many user-friendly resources provided by the authors. Real strengths of the book are its policy perspective, its comprehensive coverage, and its inclusion of environmental issues.