Tourism is a multi-million dollar annual industry, generating significant employment in developing and industrialized countries. This is the first book to consider the tourism industry from an economic point of view. The Economics of Tourism makes a key contribution toward understanding tourism by exploring how the business operates in global contexts, the effects of tourism on destination areas and the interaction between it and natural environments.In this interdisciplinary study, the authors present new insights into the intricacies of tourism demand, markets and the environmental implications of tourism and its development.