Travel Industry Economics: A Guide for Financial Analysis

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Cambridge University Press, Jan 15, 2001 - Business & Economics - 284 pages
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People around the world spend at least one trillion dollars on travel each year. Travel and tourism comprise the world's largest industrial sector and employ over 300 million people, nearly one-tenth of the global work force. In this path-breaking book Harold L. Vogel examines the business economics of each of the segments of the travel industry, comprised of airlines, cruises, railroads, buses, automobiles, hotels, casinos, amusement and theme parks, and tourism. The result is a concise, up-to-date reference guide for financial analysts, economists, industry executives, and teachers and students interested in the economics, finance, and marketing of travel-related goods and services in the United States and overseas. A glossary, "time-line" diagrams, and technical appendices enhance the book's appeal as a reference tool. Its fully integrated assessment of the business of travel makes the work unique in the marketplace. Harold L. Vogel is author of the highly successful Entertainment Industry Economics: A Guide for Financial Analysis. A chartered financial analyst, Mr. Vogel was a senior analyst with Merrill Lynch for seventeen years. He is an adjunct professor in the Graduate School of Business at Columbia University.

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About the author (2001)

Harold L. Vogel was senior entertainment industry analyst at Merrill Lynch and Co., Inc. for seventeen years and was ranked the top entertainment industry analyst for ten consecutive years by Institutional Investor magazine. A PhD in financial economics and a chartered financial analyst (CFA), Mr Vogel frequently writes and speaks on investment topics related to entertainment and media, leisure and travel, and extreme market events. He heads an independent investment and consulting firm in New York City and is the author of Financial Market Bubbles and Crashes (Cambridge University Press, 2010) and Travel Industry Economics: A Guide for Financial Analysis, 2nd edition (Cambridge University Press, 2012) a companion to this volume.