Travel Industry Economics: A Guide for Financial Analysis

Book Description

People around the world spend at least one trillion dollars on travel each year. Travel and tourism comprise the world's largest industrial sector and employ over 300 million people, nearly one-tenth of the global work force. In this path-breaking book Harold L. Vogel examines the business economics of each of the segments of the travel industry, comprised of airlines, cruises, railroads, buses, automobiles, hotels, casinos, amusement and theme parks, and tourism. The result is a concise, up-to-date reference guide for financial analysts, economists, industry executives, and teachers and students interested in the economics, finance, and marketing of travel-related goods and services in the United States and overseas. A glossary, "time-line" diagrams, and technical appendices enhance the book's appeal as a reference tool. Its fully integrated assessment of the business of travel makes the work unique in the marketplace. Harold L. Vogel is author of the highly successful Entertainment Industry Economics: A Guide for Financial Analysis. A chartered financial analyst, Mr. Vogel was a senior analyst with Merrill Lynch for seventeen years. He is an adjunct professor in the Graduate School of Business at Columbia University.

Customer Reviews:

Do you want to work on Wall Street ?.......2007-01-04

If you are an MBA/CFA candidate and are interested in the economics, drivers, and capital-market-oriented aspects of the gaming, lodging, airline, & cruise industries, I highly recommend this book.

The problem with the previous review is that it was written, presumably, by someone who wanted managerial advice. This book is not for managers: it is for future Wall Street analysts. A simple look at the author's background (Vogel's) will tell you who this book's audience is.

Wonderful, wonderful book: I wish more Wall Street analysts took the time to write books like this. The only way to get industry overviews like this is via Standard and Poors (S&P) or the sell-side, both of which are VERY expensive.

Less a managerial tool, more an overview.......2006-07-17

The book fails to offer a mangerial tool for decision makers, and rather offers an overview of the tourism industry. Hotel and cruising overview are poor. I hoped to be assisted by this book by being introduced to finnancial tools .
Not a book which deserves to be reccommanded for students.

Book Description

Driven by declining profits and government regulation, a new form of class-wide business leadership has emerged: a transcorporate network that is giving a new coherence and power to business in both America and Britain. This book delineates the "inner circle" of top executives who play a leading role in this network, advising the highest levels of government and working to promote a political environment favorable to all business.

Customer Reviews:

Businessmen Unite!.......2005-07-08

In the US and Great-Britain top officers of large corporations formed in the 1970s a semi-autonomous network which Michael Useem calls the 'Inner Circle'. It is a sort of institutionalized capitalism with a classwide alongside a corporate logic and permits a centralized mobilization of corporate resources.

This select group of business leaders assume a leading role in the support of political candidates, in consultations with the highest levels of the national administrations, in public defense of the free enterprise system and in the governance of foundations and universities.
One of its main goals is the promotion of a better political climate for big business through philanthropy (image building via generous support of cultural programs), issue (not product) advertising and political financing.

The reasons behind the constitution of this 'Inner Circle' were the declining power of the individual companies and declining profitability together with, more specifically in GB, the threat of labor socialism (nationalizations and worker participation in corporate governance) and in the US, government intervention.
A main issue was also the desire to control the power of the media, which in the US were considered far too liberal.

The interventions of this 'Inner Circle' were (and are) extremely successful. President R. Reagan and Prime Minister M. Thatcher were partly products of business mobilizations. They lowered taxation, reduced government (except military) spending, lifted controls on business and installed cutbacks on unemployment benefits and welfare.
On the media front, the influence of corporate America is highly enhanced, directly through media mergers, and indirectly through the high corporate advertising budgets.

This is an eminent study based on excellent research.
Highly recommended.

The Inner Circle : Large Corporations and the Rise of Business Political Activity in the U.S. and U.K.

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The Inner Circle : Large Corporations and the Rise of Business Political Activity in the U.S. and U.K.
Michael Useem
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ASIN: B000MUF9SG

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The Inner Circle: Large Corporations and the Rise of Business Political Activity in the U.S. and U.K.
Michael Useem
Manufacturer: Oxford University Press, USA
ProductGroup: Book
Binding: Paperback
ASIN: B000OKQ5KK

Book Description

Most, if not all, books on allelopathy cover the ecological, agronomic, and descriptive physiological aspects. And although the amount of papers published on the chemical aspects and mode of action of these compounds continues to rise, there has been, until now, no book available that reflects the latest literature. Written by experts, Allelopathy: Chemistry and Mode of Action of Allelochemicals is the first book to focus on the chemical phenomena of allelopathy. The book discusses the chemicals responsible for the allelopathic phenomena and, closely connected with them, the modes of action of these compounds in the plant. Each chapter is dedicated to a single class of compounds and contains either a methods section describing how to perform the bioassays or references to the appropriate literature. The methods covered include first-line technologies such as proteomic techniques applied to allelopathic studies. Where other books on this subject highlight the "fuzzier" aspects, this one covers the hard science. It explores the latest developments in the field, discusses structure-activity relationships and SAR studies, and provides a foundation for the development of new natural herbicides. Designed as a practical, bench-friendly book, Allelopathy: Chemistry and Mode of Action of Allelochemicals is a convenient, easy-to-use resource that puts the latest information within easy reach.

Book Description

The handsome Phineas Finn's political and romantic entanglements are explored with zest when he becomes an Irish member of the House of Commons. How will the Reform Bill fare? And will Lady Laura Standish, Violet Effingham, Mary Flood Jones or Marie Goesler win his hand? Sixteen 90-minute cassettes.

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That terrible apparition of the red Lord Chiltern had disturbed Phineas in the moment of his happiness as he sat listening to the kind flatteries of Lady Laura; and though Lord Chiltern had vanished as quickly as he had appeared, there had come no return of his joy. Lady Laura had said some word about her brother, and Phineas had replied that he had never chanced to see Lord Chiltern.

Customer Reviews:

Unlucky in Love, Unlucky in Politics, but Irrepressible.......2005-12-15

Recently, a personal tragedy resulted in a rare hiatus in my reading. In attempting to return to normal, I found the only author that suited (and soothed) me was Anthony Trollope. As an English major at Dartmouth, I never encountered his works, and none were on the required reading list; yet now, there are few writers who can "embed" me in their world so easily as Trollope.

This is the second of the Palliser series of six novels, the first of which was CAN YOU FORGIVE HER? Although it is not a prerequisite to understanding PHINEAS FINN, I recommend that readers start at the beginning, so that they have some idea of British parliamentary politics in the mid 19th century and the characters of Plantagenet Palliser, his wife Lady Glencora and their circle.

To begin with, there was at that time no monetary recompense for being a member of the House of Commons. The assumption was that: (1) the member was independently wealthy or (2) the member had a day job which paid his bills. This becomes an overriding issue in the novel.

Enter Phineas Finn, an engaging Irishman, who gives up the practice of law to run for an Irish seat in the House -- much to the consternation of his friends and relatives who worry how he is to make ends meet. He joins in with a group of Liberal politicians centered around Lord Beresford and his beautiful daughter, Lady Laura Standish. No sooner does Phineas get up the courage to propose to her than he finds he has been beaten to the punch by a wealthy Scottish member, who happens to be a dour and rigid Presbyterian.

Next he targets Violet Effingham, who has an on-again, off-again relationship with Lord Chiltern, the brother of Lady Laura. In targeting Violet, Phineas runs up against the choleric Chiltern, whose "red hair is no lie," to quote one of my favorite lines in THE QUIET MAN. The two actually fight a duel across the Channel on a Belgian beach with no serious injory to either party. But Violet makes up her mind for Lord Chiltern, and Phineas is out in the cold again.

As Phineas eventually makes it into the Treasury, which does carry some salary, he meets a beautiful wealthy Jewess named Mme Max Goesler, who has some feelings for him. Unfortunately, he had fallen under the tutelage of Mr. Monk, another Liberal politican who runs up against the prevailing political winds in the house. Not only does Phineas become a victim for his principles, but the Liberals are voted out; and Phineas is out of a job and flat broke.

He returns to Ireland, marries an old childhood sweetheart, and gets a sinecure position in Cork as the Tories busily redraw the political map under Disraeli (called Daubeny in the novel).

In addition to being a charmer -- though a bit feckless at times -- Phineas finds himself liked wherever he goes. Mind you, not enough to nab a beautiful, wealthy wife -- but there is a sequel to come called PHINEAS REDUX, which I am reading now, in which Phineas makes a comeback in his old haunts.

As in all of my favorite Trollope novels, there are the obligatory fox hunting scenes, including one in which Phineas helps save Lord Chiltern, whose horse rolls over on him. He even saves the life of Mr Kennedy, Lady Laura's husband, by driving away some muggers. There is something sunny about the title character, and this quality shines throughout the novel.

Anthony Trollope wrote some 47 novels: This one is one of the best, and will certainly make for an enjoyable read.

The Lady That's Known as Max.......2004-01-22

The chances are that "Phineas Finn" will not be the first or the second or even the third Trollope novel that you read. Several Barsetshire novels and "The Way We Live Now" are likely to get pride of place. This is probably fair enough. But that fact says more about the merits of the other books than of any defect in "Phineas Finn." It isn't perfect, but it is a very satisfying novel, indeed - perhaps the best "political" novel since Disraeli's "Sybil," It is "political," that is, not in the sense that it tackles big issues, as "Sybil" does - "Phineas Finn" gives a once-over to voting rights, tenant rights and the Irish but it's all somewhat perfunctory. No: it is "political" in the sense that it is about the lives and fortunes of a public man, and of those who offer help or hindrance on the way.

The core elements of the plot are fairly familiar: callow youth sets out to conquer the world and finds out that it's trickier than it looks. Impetuous young woman enters into marriage full of high hopes only to find out that she is stuck with a bad deal. But then, you don't read Shakespeare for plot. I wouldn't say that Trollope is Shakespeare. Still, it is impressive how much by way of character and situation both writes can milk out of a structure that is almost haphazard.

Other commentators have also noted that the ending to "Phineas Finn" is weak, but I don't see that as a crippling vice: I'm hard put to think of a really good novel whose ending is not weak.

One of the many notable facts about the cast of characters is its great range: we have the home folk in Ireland. We have a marvelous portrait of Finn's landlord, the law-copyist, and his employer, the successful barrister - in each case, along with their wives. We have a narrow-minded country squire and a feckless young playboy. And we have a sketch, brief and incomplete but still convincing, of the grandest peer in the realm.

Aside from the sheer breadth of reach, the other thing to be said about the cast is the extraordinary range of interesting women. Phineas, devil that he may be, catches the fancy of at least one back home in Ireland and three more in London. Trollope is often good with women and here in particular he shows remarkable sympathy and comprehension of what they are up against. And not least of the three is, of course, the remarkable Madame Max Goesler, who is surely in contention for recognition as the most remarkable Trollope character at all-for a lady named Max with a touch of a moustache, she is a Victorian sexpot.

It would be fun to read this in comparison with Henry Adams' "Democracy" another novel of politics in more or less the same period, though on another continent. Meantime, I'm clearing time to read the rest of Trollope's "political" novels, in the hope that he maintains the high standard that he has set here.

Can you forgive the Spoilers?.......2003-11-23

This Oxford World's Classics edition contains two appendices titled Explanatory Notes and Who's Who. Unfortunately, they give away plot developments not only for this book but also for sequels in the Palliser Novels, of which Can You Forgive Her? is the predecessor to this work. This seems altogether unforgivable, so I recommend you seek out another edition. The novel itself is quite good if you have a lot of time; I was looking forward to the sequels, but now that I know so much of what is going to happen...

Thinly Plotted, but Wonderfully Critical.......2003-07-01

At the heart of Trollope's Phineas Finn lies quite a unique (and perhaps presciently postmodern) notion of politics. However, to get at this theory, we readers must wade through the immense amount of exposition that typifies Trollope's writing. We must patiently and assiduously gather plot details from the frequent and plentiful parlor chat, table talk, and other various and sundry gossip that Trollope uses to advance what is an otherwise exceedingly meager plot. Nevertheless, such exposition, which moves at a pace roughly equivalent to that of continental drift, rewards the reader with quite a keen insight into mid-nineteenth century British politics and its relationship to the reality of human nature.

Perhaps the easiest way to approach the political critique at the heart of this novel is by defining the operative assumptions underlying representative politics in general. In theory, representative government is intended to grant the citizenry a say in legislative process, albeit indirectly. A particular representative is supposed to vote on a piece of proposed legislation in such a way that reflects the greater concerns of his constituency. Prior to the events of Phineas Finn, British representative government is grappling with the issue of whom to extend the franchise based on the criteria of real wealth, property, region of origin, etc. One thus gets the sense that the presence of such exclusionary criteria betrays a rather Platonic distaste for general democracy on the part of the parliament ministers. Thus, in creating a system of barriers or gateways between the public at large and the legislative apparatus, the governing body reduces the potential for an anarchic clamor of myriad and wide-ranging interests on the part of the citizenry, which could potentially derail the legislative process altogether. As a result a properly civic-minded representative may always act for the good of his constituency by exercising his judgment, regardless of whether or not his vote conflicts with his constituents' desires. In other words, built into this system of government is the elitist conviction that the governed may be at times too unruly to exercise its franchise prudently. Therefore, by withholding the franchise from those deemed too ignorant to vote wisely (a determination based on various socioeconomic considerations), and by inserting elected officials between the enfranchised and the legislative apparatus itself, government achieves a normative regularity.

However, with the implementation of such a system of governments also come opportunities to exploit and abuse the system. A certain aphorism-- which I attribute to Michel Foucault, though I am not entirely certain that it is indeed his-- comes to mind: "a system is defined by what escapes it." In other words, because a system results from the desire to perpetuate the plane of consistency from which it emerges, the system must necessarily exclude that which is inconsistent with its purpose. Therefore, around any system arises a margin of excluded possibilities and potentialities; however, those dedicated to the system seek to refine it in such a way as to increase its power to envelop and re-absorb that which it had originally pushed to its margins. Thus any system exists in a state of perpetual refinement because it aims to absorb back into itself that which has escaped it into the margins.

Into such a system steps the young and callow Phineas Finn, a man who is indeed marginal in that he is Irish and a commoner, and it is that position of marginality which the system seeks to incorporate into itself. However, one must understand that the system does not incorporate into itself those who dwell at its margins in order to empower them. Rather, it seeks to neutralize the threateningly unregulated marginality that individuals like Phineas Finn represent by bringing them into its regulatory, normalizing regime, and as we shall soon see, this is precisely what almost happens to Phineas.

With the above in mind, one may ask if whether there is any real benefit to entering such a system, if it is indeed essentially neutralizing and normalizing. I answer provisionally that the system into which Phineas enters, i.e., British Parliament, conceals its regulatory, homogenizing and neutralizing essence beneath a seductive veneer of power and celebrity, and it is this veneer to which Phineas succumbs. That is, it seems that at first a government office offers one the ability to satisfy one's desires, because it is a forum policymaking that also generates a cult of celebrity, and I need not explain the advantages of being a celebrity. Therefore, although we may initially think Phineas one lucky devil, we soon discover that Phineas's various political adventures are characterized by the necessity of forsaking that which he desires. For example, Phineas must abandon his desire for Lady Laura Standish because he cannot satisfy Lady Laura's own political ambitions, and later his political indebtedness to Lord Brantford forces him to abandon of his desire for Violet Effingham, with whom Lord Chiltern is in love. In fact, Phineas soon discovers that posturing, longwinded orations and cloakroom alliances epitomize politics more than any deep desire to get things done.

Mr. Kennedy, on the other hand, is quite a virtuous consummate politician, because he is devoted to carrying out every administrative detail that accompanies government office. In truth though, he is really nothing more than a particularly diligent paper pusher. But, however propitious his demeanor is to the endless administrative duties he must carry out, Trollope nevertheless portrays him as a dry, sober, and nearly humorless. Furthermore, Trollope also portrays Mr. Kennedy a sort of gentle but effective disciplinarian in his married life. Thus we may conclude that political success requires the abnegation, or at least the endless deferral, of one's true desires, and that the most successful politician is one who can most effectively subordinate his desire to the workings of government. Therefore, the system seduces Phineas and his peers with a promise of power that it never delivers, and furthermore the system steals one's position of resistance from him via assimilation into a normalizing regime.

Thus we have arrived at the essence of Trollope's political critique: that the British system of representative government is not dedicated to progress, but to stasis. The government preserves and extends the influence of the status quo through a subtle and complex array of practices: e.g., needlessly repetition of proposed legislature, stupifyingly long-winded filibusters, etc. These practices thus result in a perpetual deferral of desire on the part of plebeian, politician and rising young man alike.

More great stuff by an underrated Victorian novelist.......2001-12-12

PHINEAS FINN is a book of many virtues and one unfortunate flaw. The flaw lies in the ending, of which I can say nothing here without giving away a bit of the plot. Let me just say that the ending is a bit of a "tack on." Trollope himself confessed in his AUTOBIOGRAPHY that he botched the ending, and explains that when he decided to write a second novel starring Phineas Finn, he awkwardly had to correct the mistakes he made in the ending of the previous book.

The virtues of the book lie in part in its presentation of the social complexities of the British upper class in 1860s. While a political history of the period could explain the various ins and outs of the major pieces of legislation dealt with at the time, Trollope shows us how many individuals at the time actually felt about these issues from the inside. In this way, Trollope performs a service that no historian ever could. Virtually all the major political figures of the time, from Gladstone to Disraeli appear under thinly veiled aliases.

But the true heart of the book is Trollope's great characters. I absolutely love Jane Austen. She is one of my two or three favorite writers. But sometimes I find the enormous propriety of her characters to be a tad tiring. In these way her characters, as magnificent as they otherwise might be, sometimes seem a little less than fully human. Trollope's characters, on the other hand, often fail to act with complete propriety. They do improper things, and feel improper emotions. Our hero falls in love with one woman, then another, feels attraction to another, and falls in love with yet another, and in general fails in his role as a great romantic hero. A woman marries someone she doesn't love, yet retains feelings for another, and suffers from the threat of a bad marriage. Another woman is attracted to two men, and must decide which. Two close friends love the same woman. I find all this emotional complexity to be extremely compelling.

Trollope's most compelling and interesting characters are nearly all female. In the book, Lord Chiltern seems cardboardish and unbelievable, the title character likable but not terribly vivid. But whenever Lady Laura, or Madame Goesler, or Violet Effingham take the stage, the novel comes to life. This is not unique to this novel. In nearly all his books, Trollope's most compelling characters are female.

Book Description

"Phineas Finn" is one of Trollope's most enchanting novels. It revolves around a young Irish, Phineas Finn, who becomes a member of the British House of the Parliament and plays an important role in the reforms of the British politics of the mid-19th century. The author has very well described his views and emotions as a politician along with his relationships with three different women. Captivating!

Phineas Finn The Irish Member, Volume I [EasyRead Edition]

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Phineas Finn The Irish Member, Volume I [EasyRead Edition]
Anthony Trollope
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ASIN: 1425050301
Release Date: 2006-12-01

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Phineas Finn The Irish Member, Volume II [EasyRead Comfort Edition]

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Phineas Finn The Irish Member, Volume II [EasyRead Comfort Edition]
Anthony Trollope
Manufacturer: ReadHowYouWant.com
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Binding: Paperback

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ASIN: 1425050948
Release Date: 2006-12-01

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"Phineas Finn" is one of Trollope's most enchanting novels. It revolves around a young Irish, Phineas Finn who becomes a member of the British House of the Parliament and plays an important role in the reforms of the British politics of the mid-19th century. The author has very well described his views and emotions as a politician along with his relationships with three different women. Captivating!

Phineas Finn The Irish Member, Volume II [EasyRead Edition]

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Phineas Finn The Irish Member, Volume II [EasyRead Edition]
Anthony Trollope
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Binding: Paperback

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ASIN: 1425050247
Release Date: 2006-12-01

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PHINEAS FINN, THE IRISH MEMBER
ANTHONY TROLLOPE
Manufacturer: CHAPMAN AND HALL
ProductGroup: Book
Binding: Hardcover

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Phineas Finn, The Irish Member V3
Anthony Trollope
Manufacturer: Kessinger Publishing, LLC
ProductGroup: Book
Binding: Paperback

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ASIN: 1432500252

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This scarce antiquarian book is included in our special Legacy Reprint Series. In the interest of creating a more extensive selection of rare historical book reprints, we have chosen to reproduce this title even though it may possibly have occasional imperfections such as missing and blurred pages, missing text, poor pictures, markings, dark backgrounds and other reproduction issues beyond our control. Because this work is culturally important, we have made it available as a part of our commitment to protecting, preserving and promoting the world's literature.

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PHINEAS FINN: THE IRISH MEMBER

Manufacturer: Dodd, Mead & Company
ProductGroup: Book
Binding: Hardcover

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Phineas Finn: The Irish Member
Anthony Trollope
Manufacturer: Oxford University Press
ProductGroup: Book
Binding: Paperback

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