Economic Principles for the Hospitality Industry
Format:Paperback
Publisher:Taylor & Francis Ltd
Publishing:27th Nov '26
£41.99
This title is due to be published on 27th November, and will be despatched as soon as possible.
This paperback is available in another edition too:
- Hardback£155.00(9781032998664)
Fully revised and updated in its second edition, Economic Principles for the Hospitality Industry is the ideal introduction to the fundamentals of economics in this dynamic and highly competitive sector.
Applying economic theory to a range of diverse and global hospitality industry settings, this book gives the theory real-world context. Looking at critical issues around sustainable economic development in the hospitality industry such as diversification, technology, determinants of demand, and pricing, it enables students to effectively conduct business analyses, evaluate business performance and conduct effective improvements over time. Written in an engaging style, this book assumes no prior knowledge of economics and contains a range of features, including international case studies and discussion questions, to aid beginners in the subject. This second edition includes updated data, statistics, international case studies and examples throughout, reflecting post-COVID-19 and technological developments in the industry such as digital transformation, globalization, and sustainable development.
This innovative volume is an essential introductory yet comprehensive resource on economics for all hospitality students.
“This second edition of Economic Principles for the Hospitality Industry is a most welcome and timely update to an already indispensable resource. The author has done a commendable job incorporating the profound shifts that have reshaped our field since the first edition. From digital transformation and shifting consumer preferences to the complexities of re-globalization, all are presented within a clear and accessible economic framework. What I find particularly compelling is how the book grounds readers in core micro- and macroeconomic principles while consistently illustrating their practical applications through real-world hospitality cases. The updated examples, discussion questions, and new sections on technology and sustainability make this edition not only more current but also more insightful for both students and industry practitioners. For students and practitioners alike, this book offers a solid grounding in the economic principles that underpin our industry. I would certainly highly recommend it.”
Amy Siu Ian So, Associate Professor, Department of Integrated Resort and Tourism Management, Faculty of Business Administration, University of Macau, China
“This book stands out as a thoughtfully structured and highly practical resource. It successfully bridges theory and application, guiding readers from foundational concepts to advance practices in a logical and engaging progression. It skilfully integrates micro- and macro- economic theories with distinctive hospitality scenarios, covering classic business practices like revenue management and bundled pricing, as well as cutting-edge topics such as digital finance and cruise industry innovation. Rich case insights and review sections help readers grasp knowledge efficiently. Written in clear, accessible language, it perfectly serves students, educators and industry practitioners, sharpens readers’ analytical and decision-making skills. As a whole, it is a valuable and practical resource for anyone learning or working in today’s dynamic hospitality industry.”
Henry Chun Kwok Lei, Associate Professor, Department of Finance and Business Economics, Faculty of Business Administration, University of Macau, China
ISBN: 9781032998657
Dimensions: unknown
Weight: unknown
274 pages
2nd edition