TRAVEL INDUSTRY ECONOMICS a guide for financial analysis.

Preface
Contents
About the Author
Part I: Introduction
	Chapter 1: Economic Perspectives
		1.1 Time Concepts
			1.1.1 Alternatives
			1.1.2 Availabilities
		1.2 Supply and Demand Factors
			1.2.1 Productivity
			1.2.2 Demand for Leisure
			1.2.3 Expected Utility Comparisons
			1.2.4 Demographics and Debts
			1.2.5 Barriers to Entry
		1.3 Primary Principles
			1.3.1 Marginal Matters
			1.3.2 Price Discrimination
			1.3.3 Public-Good Characteristics
			1.3.4 Power Laws28
		1.4 Personal-Consumption Expenditure Relationships
		1.5 Price Effects
		1.6 Industry Structures and Segments
			1.6.1 Structures
			1.6.2 Segments
			1.6.3 Advertising and Promotion
		1.7 Valuation Variables
			1.7.1 Discounted Cash Flows
			1.7.2 Comparison Methods
			1.7.3 Options
			1.7.4 Business Model Aspects
		1.8 Macro Trend Disruptors
			1.8.1 Oil
			1.8.2 Health Issues
			1.8.3 Wars and Politics
		1.9 Big Data and Artificial Intelligence (AI) Aspects
		1.10 Concluding Remarks
		References
		Further Reading
Part II: Getting There
	Chapter 2: Wings
		2.1 Onward and Upward
			2.1.1 Technology and Early History
			2.1.2 Regulation and Deregulation
		2.2 Operational Characteristics
			2.2.1 Structural Features
			2.2.2 Basics
			2.2.3 Marketing Features
			2.2.4 Airport Management
		2.3 Economic Characteristics
			2.3.1 Macroeconomic Sensitivities
			2.3.2 Microeconomic Matters
		2.4 Financing and Accounting Issues
			2.4.1 Financial Features
			2.4.2 Financing
			2.4.3 Accounting
		2.5 Valuing Airline Properties
		2.6 Concluding Remarks
		References
		Further Reading
	Chapter 3: Water and Wheels
		3.1 Wetting the Whistle
			3.1.1 Fantasy Islands
			3.1.2 Operational Aspects
			3.1.3 Economic Aspects
		3.2 Automobiles
			3.2.1 Jamming
			3.2.2 Car Rentals
		3.3 Kings of the Road
		3.4 Iron and Steel
		3.5 Finance and Accounting
		3.6 Concluding Remarks
		References
		Further Reading
Part III: Being There
	Chapter 4: Hotels
		4.1 Rooms at the inn
		4.2 Basics
			4.2.1 Structural Features
			4.2.2 Operating Features
			4.2.3 Marketing Matters
		4.3 Financial and Economic Aspects
			4.3.1 Financing Frameworks
			4.3.2 Accounting Issues
			4.3.3 Economic Sensitivities
		4.4 Valuing Hotel Assets
		4.5 Concluding Remarks
		References
		Further Reading
Part IV: Doing Things There
	Chapter 5: Casinos
		5.1 From Ancient History
			5.1.1 At First
			5.1.2 Gaming in America
			5.1.3 Asia´s Jackpot
		5.2 Money Talks
			5.2.1 Macroeconomic Matters
			5.2.2 Funding Functions
			5.2.3 Regulation
			5.2.4 Financial Performance and Valuation
		5.3 Underlying Profit Principles and Terminology
			5.3.1 Principles
			5.3.2 Terminology and Performance Standards
		5.4 Casino Management and Accounting Policies
			5.4.1 Marketing Matters
			5.4.2 Cash and Credit
			5.4.3 Procedural Paradigms
		5.5 Gambling and Economics
		5.6 Concluding Remarks
		References
		Further Reading
	Chapter 6: Amusement/Theme Parks and Resorts
		6.1 Flower Power
			6.1.1 Gardens and Groves
			6.1.2 Modern Times
		6.2 Financial Operating Characteristics
		6.3 Recreational Resorts
		6.4 Economic Sensitivities
		6.5 Valuing Theme-Park Properties
		6.6 Concluding Remarks
		References
		Further Reading
	Chapter 7: Tourism
		7.1 Don´t Leave Home Without It
		7.2 Economic Aspects
			7.2.1 Demand Models
			7.2.2 Multipliers
			7.2.3 Balance of Trade
			7.2.4 Input-Output Analysis
		7.3 Travel Laws and Regulation
		7.4 Concluding Remarks
		References
		Further Reading
Part V: Roundup
	Chapter 8: Performance and Policy
		8.1 Common Elements
		8.2 Public Policy Issues
		8.3 Guidelines for Evaluation
		8.4 Final Remarks
		References
Appendix A: Sources of Information
Appendix B: Valuation Concepts
Glossary
References
Index