Explains the basic principles of economics and highlights the application of these principles to hotel management. This book emphasizes on the efficacy of economic principles at both the micro and macro levels in the hotel industry.

Preface

1. Role of Economics in the Hotel Industry

2. Economic Attribute of Consumers and Firms 

3. GDP Figures Hospitality Industry 

4. Price and Output Decisions of Firms

5. Money and Monetary System 

Gauri Srivastava is Hospitality Technology’s Editor, with a concentration on the hotel industry.  She has more than five years of experience as a B2B journalist. She is responsible for the hotel beat at the magazine and often writes about AI, VR, IoT and other emerging technologies affecting hospitality.