This book focuses on the issues and trends in outdoor, 'nature-based' recreation, leisure and tourism and explores the implications for public policy, planning, management and marketing. It is intended as supplementary reading for advanced students and is a useful reference tool.

Using data from eleven major international markets that celebrate six cultural New Year holidays not on January 1st, we show that stock markets tend to outperform in days surrounding the cultural New Year. After controlling for firm characteristics, an average stock earns a 2.5 percent higher...

1. Theoretical background of respite -- 2. Characteristics of the break -- 3. Personal characterisitcs -- 4. Policies and norms: organizational and environmental conditions -- 5. Outcomes -- 6. Discussion and conclusions.