Tourism Economics by Huan, Tzung-Cheng (TC); Ben, Shenglin;

Short description:

This comprehensive volume offers a cutting-edge analysis of the intricate relationship between finance and tourism in the global economy. Through three interconnected sections, the book provides a thorough examination of how financial mechanisms shape tourism development, business performance, and economic sustainability.

Long description:

This comprehensive volume offers a cutting-edge analysis of the intricate relationship between finance and tourism in the global economy. Through three interconnected sections, the book provides a thorough examination of how financial mechanisms shape tourism development, business performance, and economic sustainability.

Part I of the book explores financial inclusion's critical role in tourism development, particularly in emerging markets, featuring groundbreaking research on mobile money innovations and conservation financing. The second section delves into strategic financial management and performance metrics in the tourism industry, offering valuable insights into crisis resilience and business sustainability. The final section presents illuminating case studies from diverse global contexts, from China's privatized nature-based tourism to Caribbean economic stability.

Drawing on empirical research and featuring studies by leading scholars, this volume examines crucial topics including:

Financial inclusion's impact on tourism demand in developing economies

Mobile money's role in conservation and community-based tourism

Strategic financial management in the hospitality sector

Crisis response and resilience in tourism businesses

Privatization of tourism resources and international capital markets

Essential reading for policymakers, tourism industry professionals, researchers, and students in tourism economics, development studies, and financial management, this book provides a comprehensive framework for understanding the financial dimensions of modern tourism. It was originally published in Tourism Recreation Research.

Table of Contents:

Introduction 1. How does financial inclusion influence tourism demand? Empirical evidence from emerging markets and developing economies 2. Reviving Tourism in Sudan—Political and Financial Constraints 3. Mobile money for promoting conservation and community-based tourism and ecotourism in underdeveloped regions 4. Tourism's Potential for Financing Conservation Areas: A Study of Kufri-Chail-Naldehra Area of Himachal Pradesh, India 5. Financial Ratios as Predictors of Income in The Hotel Industry 6. Entrepreneurial behaviour, firm size and financial performance: the case of rural tourism family firms 7. Crisis, firm characteristics and stock performance: evidence from Hospitality and Tourism sector 8. Hitting the jackpot: what drives casino hotel stock returns' predictability? 9. COVID-19: hotel industry response to the pandemic evolution and to the public sector economic measures 10. Nature-based Tourism Resources Privatization in China: A System Dynamic Analysis of Opportunities and Risks 11. World's Largest Privatised Game Reserve 12. Raising Tourism Funds on International Capital Markets: Benefits, Problems and Strategies for China 13. Towards the Development of Recreational Fisheries in Kerala: An Economic Perspective 14. Stability of Caribbean Countries: The Case of Tourist-Oriented Economies 15. Tourism Resources in Developing Economies—Complexities of Limited Choice 16. Tourism Planning in Developing Economies