Using contemporary economic analysis to help readers understand the tourism industry, The Economics of Tourism explores the goods and services of a financial giant. According to the World Tourism Organization, annual spending on international tourism exceeds $800 billion – and that doesn’t include domestic tourism.
Referring to the work of several Nobel winning economists, The Economics of Tourism shows how to understand tourism market behavior as rational responses to high fixed costs, low marginal costs and capacity constraints. Throughout the book, technical change is addressed as it relates to adjustments in business models and strategies. A clear explanation of revenue management is also included. With a focus on basic economic principles, it shows how we can use elementary supply and demand analysis to understand the broad changes in tourism over many centuries and today.
The Economics of Tourism is located on the New Book shelf in the Nestlé Library (call number G155 A1 R44).
Posted by Nestlé Library 
The U.S. hotel industry has been slow to embrace the virtues of environmentalism. A recent survey by California’s Waste Management Board found that the state’s average-sized hotel purchases more products in one week than 100 families do in a year and uses 218 gallons of water per day per occupied room.
From college students to midcareer professionals, people are looking to get into the food industry, which is the No. 2 employer in the U.S. And they’re not just looking to be restaurant chefs; hopefuls are looking beyond the kitchen as well. There are a host of other opportunities, including jobs as a cook in nursing homes or retirement centers, personal chefs in people’s homes, and even behind-the-scenes at supermarkets, which are offering more prepared food for time-crunched consumers.
According to recent projections from the International Air Transport Association (IATA), losses for the global airline industry could reach $2.5 billion in 2009. In a recent press release, IATA said the airline demand environment has deteriorated significantly since its previous forecast, released in December, and now estimates passenger traffic to fall by nearly 6 percent this year.
Which country makes it easiest to start a business on their soil? For the second straight year, the answer is Singapore. Which three countries made the boldest reforms in starting a business last year? Answer: Albania (increase in investor protections), Yemen (easing of business start-up policies), and Dominican Republic (tax reform).
Even in a healthy climate, opening a new restaurant is a risky proposition, so a new dining venture in today’s economic setting requires an unwavering entrepreneurial spirit. In the April edition, Entrepreneur magazine surveyed a handful of industry experts and food entrepreneurs and compiled the perfect recipe for starting a restaurant or food 
