Hedging Instruments and Risk Management or Travel and Tourism

Hedging Instruments and Risk Management: How to Use Derivatives to Control Financial Risk in Any Market

Author: Patrick Cusatis

Books on complex hedging instruments are often more confusingthan the instruments themselves. Hedging Instruments &Risk Management brings clarity to the topic, giving moneymanagers the straightforward knowledge they need to employhedging tools and techniques in four key markets—equity,currency, fixed income, and mortgage. Using real-world dataand examples, this high-level book shows practitioners how todevelop a common set of mathematical and statistical tools forhedging in various markets and then outlines several hedgingstrategies with the historical performance of each.

Patrick Cusatis, Ph.D. is an assistant professor of finance at Penn State University at Harrisburg and a principal at Applied Finance Partners, LLC. He was formally an investment banker and derivatives portfolio manager and has consulted to many financial institutions and municipalities. He is the coauthor of Municipal Derivative Securities: Uses and Valuation and Streetsmart Guide to Valuing a Stock.

Martin Thomas, Ph.D. is a principal at Applied Finance Partners, LLC. He is an Executive in Residence at Drexel University where he teaches graduate courses in Finance in the LeBow College of Business. A former financial services executive, he has extensive expertise helping companies to develop value-based approaches to financial decision making.

Interesting book: On Being Nonprofit or Special Events

Travel and Tourism: An Industry Primer

Author: Paul S Biederman

TRAVEL AND TOURISM:    An Industry Primer

 

Paul S. Biederman

with      Jun Lai

            Jukka M. Laitamaki

            Hannah R. Messerli

            Peter D. Nyheim

            Stanley C. Plog

 

 

A comprehensive educational experience for students looking to make careers in travel and tourism as well as industry professionals already there, this book is organized to serve undergraduate and graduate programs and non-academic readers alike.  Written by a former chief economist at Trans World Airlines and now an adjunct professor at New York University with contributions from academic and professional experts in their fields, this book will lead readers through the economic fundamentals of each sector, examine travel and tourism’s domestic and global impact and provide some of the basic tools necessary for decision-making in the industry. 

 

The contents include:

 

            Learning Objectives

            End of chapter summaries

            Margin glossaries

            Discussion questions

            Website listings

            Interviews with industry leaders

            Focus on Technology inserts

            Over 200 photographs and illustrations

            A look into the future

 

 

“Dr. Biederman and his contributing authors have written the ideal text combining explanations on how the various sectors work separately and together, their performance and prospects, current statistics, case studies, online resources and industry interviews.”

 

                                    Dr. Lalia Rach, Associate Dean and HVS International Chair,

                                    PrestonRobertTischCenter for Hospitality, Tourism and Sports

                                    Management,  New YorkUniversity

Table of Contents:

Table of Contents

 

PART ONE: THE INTRODUCTORY COURSE

Section One: Getting Acquainted with Travel & Tourism

1.      Dimensions of Travel and Tourism

2.      An Economic Overview of Travel & Tourism

3.      The Psychology of Travel

4.      Sustainable Tourism Development

 

Section Two: The Sectors

5.      The Airline Industry

6.      The Rail, Motorcoach and Rental Car Industries

7.      The Cruiseline Industry

8.      Amusement Parks and Other Major Attractions

9.      The Gaming Industry

10.  Lodging

11.  The Food Service Industry

12.  Conventions and Meetings

 

PART TWO: ADVANCED MATERIAL

Section Three: Defining, Promoting and Selling the Product

13.  Travel Agents and TourOperators

14.  Distribution Channels

15.  Destinations: A Psychographic and Sociological Perspective

 

Section Four: Conservation and Intervention

16.  Ecotourism: Tourism’s Green Adventure

17.  Government, Politics and Tourism

 

Section Five: Management Tools

18.  Revenue Management: The Art & Science of Maximizing Revenue

19.  Measuring the Economic Impact

20.  Forecasting

 

Section Six: What’s Next for the Industry?

21.  The Future