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This Modern Guide captures the evolution of foundational tenets,
theories, frameworks and models that buttressed tourism economics
into an evolving discipline, shining light on both new and old
approaches. It systematically examines current and future trends
and issues related to new economic perspectives, consolidating the
notion of tourism economics as a discipline. Chapters delve into
the theoretical underpinnings of specific topics within the field,
providing a range of examples of how to leverage economic theories
to better understand, manage, and promote tourism activities to
different stakeholders. Offering a kaleidoscope of economic
perspectives, the Modern Guide looks at tourism economics from
trade theory, choice theory, behavioural economics, public choice,
institutional economics, environmental economics, developmental
economics, cultural economics and more, with each chapter ending
with insights into future research and directions. Written in an
accessible style, this will be an invigorating read for hospitality
and tourism management scholars, as well as tourism geographies,
tourism marketing and sustainable tourism students. It will also be
a useful tool for tourism economists and applied economists looking
for a wide range of perspectives on the topic.
This unique and thoughtful book considers the tourism
specialization, economic growth, and tourism competitiveness of a
very specific type of tourism: small islands practicing warm water
island tourism. This new book thoroughly examines the phenomenon of
why some small island destinations have been more successful than
others. The main premise applied is that success and survival of
small island tourism hinges on resolving the mystery regarding the
relationship between competitiveness and quality of life. In
addressing this question, the book reviews four relevant and
interconnected concepts: tourism, competitiveness, quality of life,
and scale (or size). In doing so, the book enhances understanding
of the potential of tourism for the improvement of the quality of
life of the residents of small islands. In the last chapter of the
book, the author assesses the impact of COVID-19 on tourism and
specifically its ramifications for small island destinations.
Whether small island populations can rise from beneath the COVID
-19 burden that threatens their economic future is yet to be seen.
Small Island and Small Destination Tourism: Overcoming the
Smallness Barrier for Economic Growth and Tourism Competitiveness
is written from a sustainable perspective that combines tourism
dynamics, development, competitiveness, quality of life, and
business. As such, it is aimed at a broad but higher-level audience
including graduate students, academicians and researchers,
practitioners, policymakers, and international organizations.
This unique and thoughtful book considers the tourism
specialization, economic growth, and tourism competitiveness of a
very specific type of tourism: small islands practicing warm water
island tourism. This new book thoroughly examines the phenomenon of
why some small island destinations have been more successful than
others. The main premise applied is that success and survival of
small island tourism hinges on resolving the mystery regarding the
relationship between competitiveness and quality of life. In
addressing this question, the book reviews four relevant and
interconnected concepts: tourism, competitiveness, quality of life,
and scale (or size). In doing so, the book enhances understanding
of the potential of tourism for the improvement of the quality of
life of the residents of small islands. In the last chapter of the
book, the author assesses the impact of COVID-19 on tourism and
specifically its ramifications for small island destinations.
Whether small island populations can rise from beneath the COVID
-19 burden that threatens their economic future is yet to be seen.
Small Island and Small Destination Tourism: Overcoming the
Smallness Barrier for Economic Growth and Tourism Competitiveness
is written from a sustainable perspective that combines tourism
dynamics, development, competitiveness, quality of life, and
business. As such, it is aimed at a broad but higher-level audience
including graduate students, academicians and researchers,
practitioners, policymakers, and international organizations.
The book offers a comprehensive and integrated approach to the
topic of tourism development and its contribution to the fight
against poverty. Tourism development is credited to be a powerful
source of regional development and improvement in developing
countries, and the focus of the book is on the world's poorest
areas and how tourism connects to the poor and unlocks
opportunities to escape the poverty trap. This book takes a
comprehensive and unique approach by combining a decade of research
on the effects of tourism development on poverty reduction in Latin
America. The book explores poverty and its impact on development at
the macro and micro levels. Then, it goes on to focus on tourism
development and its effects on growth, inequality, and poverty
reduction and how these dynamic relationships affect the most
vulnerable groups of society. The research also documents on how
the poor perceive tourism development on their lives and if they
see it as an important vehicle to help them escape from poverty.
Lastly, the authors map the conditions under which tourism can
reach the poor and how tourism can offer opportunities for
impoverished areas and their residents. Combining tourism dynamics,
development economics, poverty reduction, business practices, and a
sustainable perspective, the book takes a broad look at this
important issue. The book will be informative and valuable to a
higher educational audience, including academia and researchers, as
well as practitioners, policymakers, and international
organizations, and graduate students.
The book offers a comprehensive and integrated approach to the
topic of tourism development and its contribution to the fight
against poverty. Tourism development is credited to be a powerful
source of regional development and improvement in developing
countries, and the focus of the book is on the world's poorest
areas and how tourism connects to the poor and unlocks
opportunities to escape the poverty trap. This book takes a
comprehensive and unique approach by combining a decade of research
on the effects of tourism development on poverty reduction in Latin
America. The book explores poverty and its impact on development at
the macro and micro levels. Then, it goes on to focus on tourism
development and its effects on growth, inequality, and poverty
reduction and how these dynamic relationships affect the most
vulnerable groups of society. The research also documents on how
the poor perceive tourism development on their lives and if they
see it as an important vehicle to help them escape from poverty.
Lastly, the authors map the conditions under which tourism can
reach the poor and how tourism can offer opportunities for
impoverished areas and their residents. Combining tourism dynamics,
development economics, poverty reduction, business practices, and a
sustainable perspective, the book takes a broad look at this
important issue. The book will be informative and valuable to a
higher educational audience, including academia and researchers, as
well as practitioners, policymakers, and international
organizations, and graduate students.
Tourism continues to grow, and as the industry develops, it is
important for researchers and practitioners to fully understand and
examine issues such as sustainability, competiveness, and
stakeholder quality of life in tourism centres around the world.
Focusing on the unique perspective of island tourism destinations,
this book outlines impacts on, and potential strategies for
protecting, the natural environment, local economy, and local
culture. Presenting an interdisciplinary integrated approach, this
important collection of new research: - Is the first book to
provide coverage on sustainable tourism best practice in island
destinations; - Focuses on the unique perspective of islands as
destinations, exploring the interplays of competitiveness and
quality of life; - Includes a portfolio of conceptual, empirical,
and case-based studies written by international experts to give a
balanced and comprehensive view. A timely and important read for
researchers, students and practitioners of tourism, this book also
provides a valuable resource for researchers of sustainability and
environmental science.
Most tourism activities take place at a destination, and
destination serves as a fundamental unit of analysis in any
modelling of the tourism system. However, destination marketing and
management is a complex subject that requires a comprehensive,
holistic and systematic approach. From the demand side, travellers
have a choice of available destinations; from the supply side,
destination marketing organizations are competing for attention
from a highly competitive marketplace. Taking an integrated and
comprehensive approach, this book focuses on both the macro and
micro aspects of destination marketing and management. Some key
areas covered include the consumer decision making process, product
development and distribution and the use of emerging technologies
in destination marketing.
Warm-water islands are a cohesive group of islands distinguished by
their geography and remoteness, history as former colonial
territories, and dependence on external stakeholders for their
economic and social development. Warm-water island destinations
also have a year-round tourism industry. These island tourism
destinations are facing unprecedented adjustment challenges in the
wake of increasing globalization and susceptibility to external
shocks, and are in search of appropriate policy responses to that
globalization. It is critical for small islands to understand how
these challenges affect tourism performance and how they impact
their residents. Tourism Management in Warm-water Island
Destinations unearths the critical aspects that contribute to
tourism development and growth in islands. Particular emphasis is
placed on destinations such as the Caribbean, with lessons learned
that are applicable to other island tourism contexts in the
Mediterranean, Indian Ocean and the Pacific. * Presents emerging
research themes and methodology; * Provides insight into factors
that result in successful and unsuccessful cases; * Features a
focus on Cuba and its reintroduction to the tourism landscape. This
book provides a platform for emerging systemic perspectives of the
various aspects of island tourism, with the view that strategies
for the management and development of tourism in island
environments can be improved and will be of interest to those
studying and researching within destination management.
This book is about the search for solving the small island paradox
by tracing the forces that explain growth and prosperity in small
island destinations. The small island paradox is a conceptual trap:
small islands cannot grow in economic terms because they are small,
and they are small in economic terms because they cannot grow. The
underlying premise of the paradox is that small is ugly and big is
beautiful. Luckily for small islands their reality is different.
Tourism specialization explains much of the forces that have shaped
growth and prosperity in small islands. Their degree of tourism
specialization utilizes these forces in seeking to promote growth
in these small islands. Keeping the forces working that have
triggered growth and prosperity has now become more complicated as
a consequence of sameness, costs disease and limitations imposed by
size constraints. Moving ahead requires commanding higher prices
from tourists and increased collaboration to provide greater value
to the tourists. However, this route challenges the mainstream
economics literature. The Small Island Paradox, Tourism
Specialization as a Potential Solution is the result of a long
search for an approach
This is a study pertaining to the determinants of demand for small
island destinations that attract international tourism. The study
specifies a dynamic econometric model that reflects causal links
between variables that activate short and long-term responses. The
study developed a set of linear and double-log linear econometric
models to identify and to quantify Aruba's international tourism
demand from the United States, the Netherlands, and Venezuela. The
inclusion of Venezuela as a developing country permitted the
comparison between the behavior of tourism demand in relatively
rich and poor countries. Understanding the demand dynamics of
tourism can be an extremely valuable policymaking tool in countries
with limited resources. The results of the study indicate the
extent to which cross country behavior for tourism demand differs
with respect to changes in effective prices and exchange rates.
Such an enhanced understanding of the dynamics of demand should aid
both policymakers and private sector managers in making more
effective decisions regarding the supply and consumption of tourism
services in small island destinations.
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