BHM Study Notes
Learn with Professionalism
Unit 1: Introduction Unit 2: Resources in Tourism Unit 3: Economics of Tourism Demand Unit 4: Forecasting Tourism Demand Unit 5: Supplying Tourism Products Unit 6: Leisure and Tourism Unit 7: Market Structure for Leisure and Tourism Products Unit 8: Impact of Leisure and Tourism on National Economy Unit 9: Investment in Leisure and Tourism
Continue ReadingConcept of investment and its principles, Investment appraisals by private sector in tourism, Investment
appraisals by public sector in tourism, Factors affecting travel and tourism’s yields and future
Concept of impact of leisure and tourism on national economy Leisure and tourism can have a significant impact on the national economy in a variety of ways. Here are a few examples: Employment: The leisure and tourism industry is a major employer, providing jobs for people at all skill levels. This includes everything from hotel […]
Continue ReadingUnit 7: Market Structure for Leisure and Tourism ProductsLH 7Characteristics of the market with perfect competition,Price determination in the market with perfectcompetition,Concept of shortage and surplus in the market with perfect competition,Derivation ofindividual firm’s demand curve from the market demand curve in perfectly competitive market,Pricedetermination by a monopoly in leisure and tourism market,Price discrimination in leisure and tourismmarket,Price determination by a price discriminating monopolistin third degree price discrimination.
Continue ReadingMeaning and determinants of leisure and tourism activities,Leisure and tourism growth in the worldmarket
Continue ReadingMeaning of supply of tourism products, supply function, supply curve and Law of Supply, Costs in
tourism: relationship among costs, total revenue and profit in the tourism industry, Concept of shift in
supply curve and the factors shifting supply curve of the tourism products, Concept of elasticity of supply
for tourism products, Challenges for the supply of tourism products, movement along the supply curve.
Meaning of tourism demand forecasting, Purpose/ Importance of tourism demand forecasting, Concept of
Quantitative and Qualitative techniques of forecasting tourism demand, Concept of Time Series Model, Concept and importance of Survey Method for tourism demand forecasting
Concept of demand for the tourism product, tourism demand function, Demand Curve and Law of
Demand, Types of variables influencing tourism demand, Levels of choices affecting tourism demand, Factors constraining tourism demands, Concept of shift in the demand curve, Concept of elasticity of
elasticity of demand for tourism products, Measurement of Price, Income and Cross Price Elasticity of
Demand, Lancastrian demand analysis, movement along the demand curve.
Composition of the tourism industry and its product: suppliers’ and tourists’ views, Concept of free and
scarce resources in tourism, Controlling and rewarding resource use, Interrelationship between tourismand other sectors of the economy
Concept of economy and economics, scope of the study of economics, The concept of opportunity cost, concept and scope of tourism economics, An overview of Nepalese Economy, Importance of tourism for
Nepalese economy, Challenge for the development of tourism in Nepal, Needs and types for economic
analysis in the tourism industry