One of the leading texts in the field, The Economics of Recreation, Leisure and Tourism is the ideal introduction to the fundamentals of economics in these industries, helping you to pass an economics module as part of tourism, recreation, events or sport management degrees.

It is written in an engaging style that assumes no prior knowledge of economics. It applies economic theory to a range of tourism industry issues at the consumer, business, national and international level by using topical examples to give the theory real-world context. This book is richly illustrated with diagrams, and contains a range of features such as international case studies showcasing current issues, review questions and extracts from journals to aid understanding and further knowledge, as well as new data and statistics.

This fifth edition has been revised and updated to include:

• New content on recent economic data, consumer choice looking at income¿leisure decision approaches, growth areas of sports and events, environmental issues, the impact of the global economic crisis and what may happen in the future. Evidence is put forward to provide a sense of the dynamics of world economies.
• Updated and new international case studies throughout that demonstrate theoretical principles of economics as applied to tourism
• Updated companion website with PowerPoint slides
  

Contents Preface to the fifth edition 1. Introduction Part 1: Organizations and Markets 2. Recreation, leisure and tourism organizations 3. The market for recreation, leisure and tourism products  Part 2: Further Issues of Demand and Supply 4. Demand: time preference, elasticity and forecasting 5. Supply and costs Part 3: Markets in Practice 6. Market structure and pricing 7. Market intervention Part 4: The External Operating Environment  8. The competitive, technological, political and sociocultural environment 9. The economic environment  Part 5: Investment  10. Investment in the private sector 11. Investment in the public sector  Part 6: Economic Impacts 12. Income, employment and prices 13. Economic development and regeneration Part 7: The Global Economy  14. The balance of payments and exchange rates  15. Globalization Part 8 Environmental Economics  16. Environmental impacts  17. Action for sustainability  18. Critique, alternative perspectives and change Bibliography Index  

"This new edition of Economics of Leisure, Recreation and Tourism maintains its rigor and comprehensive coverage of the subject areas with plenty of real world examples. The author has done a great job in communicating complex economic concepts in a accessible language which benefits students greatly ¿in understanding the theories of tourism and their applications to leisure, recreation and tourism practices." - Haiyan Song, Chair Professor of Tourism, School of Hotel and Tourism, The Hong Kong Polytechnic University

"A must-read introduction to tourism for all involved in tourism. John Tribe's Economics of Leisure, Recreation and Tourism is understandable, compelling and deeply informed; a brilliant synthesis of tourism and its wider economic framework. Now in its sixth edition, it has become a tourism classic and will remain an easy guide to one of the main industries of contemporary times for many years to come." - Tanja Mihali¿, Professor of Economics, University of Ljubljana, Slovenia

John Tribe is Professor of Tourism at Surrey University, UK. John is also Editor-in-Chief of Annals of Tourism Research and Chair of the Editorial Board of the Journal of Hospitality, Leisure, Sport and Tourism Education.