Ch14 And 17

Chapter 14 Tourism’s Economic Impact

Learning Objectives ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Three Major Goals of Tourism 1) Maximize the amount of psychological experience for tourists. 2) Maximize the profits for firms providing goods and services to tourists. 3) Maximize the direct (primary) and indirect (secondary) impacts of tourist expenditures on a community or region. These goals are often compatible but in certain situations they can be incompatible.

Constraints Faced in Tourism Goal Attainment ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object]

Economic Multipliers ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Income Multiplier Formula Multiplier = where M = marginal (extra) P = propensity (inclination) C = consume (spending) MPC S = savings (money out of circulation) MPS A more simpler formula is Multiplier = 1/MPS Example $1,000 of tourist expenditure and an MPC of 1/2. Multiplier = = $2,000

[object Object],[object Object]

What is income elasticity of demand? ,[object Object],Can you draw and label a product life cycle? Ideas from your other classes (prerequisites) are often applied to Tourism

[object Object],[object Object],Price Elasticity The change in demand resulting from change in price. Most tourism products are price elastic.

Chapter 17 ,[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Learning Objectives

WTTC  Key Environmental Issues  ,[object Object],[object Object],[object Object],[object Object],[object Object]

WTTC Implications of Resource Depletion ,[object Object],[object Object],[object Object]

Elements of the WTTC Vision of Travel & Tourism and the Environment ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

The Premises of Sustainable Development ,[object Object],[object Object],[object Object],[object Object],[object Object]

Sustainable Development and Tourism: The Critical Areas ,[object Object],[object Object],[object Object],[object Object]

Sustainable Development in Tourism: A Possible Allocation of Responsibility

Sustainable Tourism  An Agenda for Action  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Sustainable Tourism  An Agenda for Action 

[object Object],[object Object],[object Object],[object Object],Definitions of Ecotourism Some definitions of ecotourism are as follows:

[object Object],[object Object],[object Object],[object Object],Benefits and Importance of Ecotourism

Translating Idealism into Sustainable Tourism - What Managers Need to Know - ,[object Object],[object Object],[object Object],[object Object]

Types of Indicators ,[object Object],[object Object],[object Object],[object Object]

Core Indicators of Sustainable Tourism

Tourism Industry Associations of Canada ,[object Object],[object Object],[object Object],[object Object],[object Object]

Common Features of All Codes ,[object Object],[object Object],[object Object],[object Object]

[object Object],Idea of Sustainable Development

Possible Negative Ecological Impacts of Tourism ,[object Object],[object Object]

Other Possible Negative Impacts ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Ch14 And 17

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