Economics of hotel management / A. M. Sheela.

Format:

Book

Author/Creator:

Sheela, A. M.

Language:

English

Subjects (All):

Hotel management.

Hospitality industry.

Physical Description:

1 online resource (233 p.)

Edition:

1st ed.

Place of Publication:

New Delhi : New Age International (P) Ltd., c2002.

Language Note:

English

Summary:

About the Book: This book explains the basic principles of economics and highlights the application of these principles to hotel management. The efficacy of economic principles at both the micro and macro levels in the hotel industry is emphasised throughout the book. The discussion of the concepts is illustrated through appropriate examples, diagrams and flowcharts for an easier understanding. The book would serve as an useful text for students of economics and hotel and tourism management. Contents: Hotel Industry in India Consumption Demand Analysisli>Elasticity of Demand Production Function Cost of Production Supply Revenue Analysis Market Structureli Price Policy

Contents:

""Cover ""; ""Preface ""; ""Contents ""; ""Chapter 1 The Hotel Industry ""; ""1.1 Role of Economics in the Hotel Industry ""; ""1.2 Historical Background ""; ""1.3 The Lodging Industry ""; ""1.4 Hoteliering in India ""; ""1.5 Significance of the Hotel Industry ""; ""1.6 Tourism ""; ""1.7 Forms of Tourism ""; ""1.8 Objectives of Tourism ""; ""1.9. Significance of Tourism ""; ""1.10 Growth of Tourism ""; ""1.11. Foreign Exchange Earnings Between 1991-2001 ""; ""1.12 The Types of Hotels ""; ""1.13. Constraints of Tourism ""; ""1.14. Tourism Policy ""; ""Chapter 2. Consumption ""

""2.1. Utility Analysis of Demand """"2.2. Concepts Related to the Two Approaches ""; ""2.3. Cardinal Utility Approach ""; ""2.4. Indifference Curve Analysis ""; ""2.5. The Budget Line or The Price Line ""; ""2.6. Consumer's Equlibrium ""; ""2.7. Consumer's Surplus ""; ""2.8. Consumer Sovereignty ""; ""Chapter 3. Demand Analysis ""; ""3.1. Meaning ""; ""3.2. Features of Demand ""; ""3.3. Demand Schedule ""; ""3.4. Demand Function ""; ""3.5. Law of Demand ""; ""3.6. Analysis of Demand ""; ""3.7. Nature of Demand-Distinctions in Demand ""; ""3.8. Forecasting of Demand ""

""Chapter 4. Elasticity of Demand """"4.1. Meaning ""; ""4.2. Price Elasticity of Demand ""; ""4.3. Measurement of Price Elasticity of Demand ""; ""4.4. Income Elasticity of Demand ""; ""4.5. Cross Elasticity of Demand ""; ""4.6. Factors Influencing the Elasticity of Demand ""; ""Chapter 5 Production Function ""; ""5.1 Meaning ""; ""5.2 Features Related to Production Function ""; ""5.3 Law of Variable Proportion ""; ""5.4 Isoquant Curves ""; ""5.5 Equilibrium Point in the Production Process ""; ""5.6 Economies to Scale ""; ""Chapter 6 Cost of Production ""; ""6.1. Meaning ""

""6.2. Cost Concepts Relating to Production Function """"6.3. Behaviour of the Average Cost Curves ""; ""6.4. Characteristics of the Long Run Cost Curve ""; ""6.5. Relationship Between the Marginal Cost and the Average Cost Curves ""; ""6.5. Break Even Analysis ""; ""Chapter 7 Supply ""; ""7.1. Meaning ""; ""7.2. Supply and Stock ""; ""7.3. The Law of Supply ""; ""7.4. Supply Function ""; ""7.5. Analysis of Supply ""; ""7.6. Elasticity of Supply ""; ""Chapter 8 Revenue Analysis ""; ""8.1. Total Revenue ""; ""8.2. Average Revenue ""; ""8.3. Marginal Revenue ""

""8.4. Relationship Between Price and Revenue Under Perfect Competition """"Chapter 9 Market Structure ""; ""9.1 Meaning ""; ""9.2 Classification of Markets ""; ""9.3. Perfect Competition ""; ""9.4. Monopoly ""; ""9.5. Duopoly ""; ""9.6. Oligopoly ""; ""9.7. Monopolistic Competition ""; ""Chaper 10 Pricing Policy ""; ""10.1. Meaning ""; ""10.2. General Considerations Involved in Pricing ""; ""10.3. Objectives of Pricing ""; ""10.4. Factors Involved in Pricing Policy ""; ""10.5. Different Methods of Pricing ""; ""Appendix I ""; ""Appendix II ""; ""Appendix III ""

""BHM Examination, October/November 2001 (New Scheme) ""

Notes:

Description based upon print version of record.

ISBN:

1-282-38572-0

81-224-2917-3

9786612385728

OCLC:

923652173