Introduction:
Tourism economics is the study of the economic impact of tourism. It examines the economic benefits and costs of tourism, as well as the distribution of these benefits and costs among different stakeholders.
This course is designed to provide professionals with the knowledge and skills required to understand the economic principles that underpin the tourism industry. The course will cover topics such as tourism demand analysis, tourism supply analysis, tourism market structure, pricing strategies, and economic impact analysis.
Objective
The objective of this course is to equip professionals with the skills and knowledge required to understand the economic principles that underpin the tourism industry. By the end of the course, participants will be able to analyze tourism demand and supply, understand tourism market structure, develop pricing strategies, and assess the economic impact of tourism.
Target Audience
This course is designed for professionals who are interested in advancing their careers in the tourism industry. It is suitable for individuals who are currently working in the industry or who are looking to transition into a career in tourism.
Benefits Of Taking This Course
This course will provide participants with the skills and knowledge required to advance their careers in the tourism industry. Participants will learn how to analyze tourism demand and supply, understand tourism market structure, develop pricing strategies, and assess the economic impact of tourism. The course will also provide participants with an opportunity to network with other professionals in the industry.
Content
Day One:
: Introduction to Tourism Economics
- Overview of Tourism Industry
- Economic Principles
- Tourism Demand Analysis
Day Two:
Tourism Supply Analysis
- Production Theory
- Cost Analysis
- Market Structure
Day Three:
Pricing Strategies for Tourism
- Price Elasticity of Demand
- Pricing Strategies
- Revenue Management
Day Four:
Economic Impact Analysis of Tourism
- Economic Multipliers
- Input-Output Analysis
- Social Accounting Matrices
Day Five:
Sustainable Tourism Economics
- Sustainable Tourism Principles
- Environmental Management in Tourism
- Social Responsibility in Tourism
Training Methodology
To enhance learning and practical application of concepts, the training course will use a combination of interactive lectures, case studies, group discussions, practical exercises, and real-world examples. Participants will also get the chance to collaborate on group projects and create action plans adapted to the needs of their respective organizations.
Important Links
What is included?
- Meeting room-based training at state-of-the-art course venue
- Subject-matter expertise delivered by practising Management Consultants
- Course material (Soft & Hard-copies)
- Breakfast & light refreshments
- Networking sessions
- City tour end of session
- Accredited Certificates of Completion Will be awarded
