Travel and tourism final - Study guides, Class notes & Summaries

Final Exam Travel and Tourism | actual questions and answers Transformation Economy An economy based on changes in attitude, performance, belief, awareness, concern, characteristics, or some other fundamental personal dimension consumer becomes product The Progression of Economic Value Extract Commodities Make Good Deliver Services Stage Experiences Guide Transformation Transformation Economy Examples GlaxoSmithKline Jenny Craig Marriage counselors Nordic Walking Ballroom dancin...

REC 2100 Final Exam 2023 with complete solution Toursim requires people with what? 1. ability- $ and time 2. mobility- transport 3. motivation- desire and determination to travel What is pre-industrial historical development? travel was traded, festivals, curiosity What are the 3 major civilizations that dominated in pre-industrial? 1. egyption influence- large cities, central gov't influence- language spread, developed currency exchange 3. roman influence- developed road and water...

Final Exam ReviewOften seen as a measure of time, and usually means the time left over after work, sleep, household chores and personal obligations have been completed. - correct answer Leisure Time Variety of activities to be undertaken during leisure time. - correct answer Recreation A space or location that includes particular attractions and configurations of vacation resorts, infrastructure to support. - correct answer Local Scale The activities of a person traveling to and staying...

REC 2100 Final Exam 2023 with complete solution Toursim requires people with what? 1. ability- $ and time 2. mobility- transport 3. motivation- desire and determination to travel What is pre-industrial historical development? travel was traded, festivals, curiosity What are the 3 major civilizations that dominated in pre-industrial? 1. egyption influence- large cities, central gov't influence- language spread, developed currency exchange 3. roman influence- developed road and water...

TOUR 1P91 Final Exam Study Cards 2023/2024 What are the impacts of tourism? - ANSWER-Economic impacts, Socio-cultural impacts and Environmental impacts What are the origins of tourism? - ANSWER-· C. 1320 O.Fr.: 'A turn, round, circuit', from tourner 'to turn'. · 1643: As a Journey · 1780: tourist (En) · 1811: tourism (En) Describe the 5 stages of tourism - ANSWER-planning, trip to site, onsite experience itself, going home, and the memories Describe tourism in the early or...

REC 2100 Final Exam Study Guide Solutions bilateral agreement - ANSWER-international agreements made between two countries; can include restrictions on airports that can be served by flights, flight frequency, and size and seat capacity of airplanes charter (motor coach) - ANSWER-pre-existing group secures the services of the bus at a reduced price; group members may belong to a particular club or organization, or may simply form as the result of a common interest in travelling to a destin...

Hospitality Revenue Management Final Exam Review 2024 Questions & Answers | 100% Correct | Verified What is the industry term used to describe the sum of prices paid by a business's customers? - total revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? - profit=sales-costs What is the name for the net value achieved by both parties in a busi...

Introduction to Business Final Exam With all complete solutions Any activity that seeks to provide goods and services to others while operating at a profit. Tangible products such as computers, food, clothing, cars, and appliances. Intangible products such as education, health care, insurance, recreation, and travel and tourism. A person who risks time and money to start and manage a business. The total amount of money a business takes in during a given period by selling goods and servi...

Revenue management final ADR formula - ANS->>Total Rooms Revenue / Total Rooms Sold Value proposition - ANS->>when a seller communicates to a buyer a description of a product to be sold and the price at which that product will be sold Owners ROI formula - ANS->>Owners Investment Return/ Owner's Original Investment Profit - ANS->>net value achieved by both parties in a business transaction GOPAR formula - ANS->>Total revenue - Management Controllable Expenses...

A-B-C method : A time management strategy that allows you to arrange your daily tasks according to priority. - answer- Back-to-back ticketing : An unethical ticketing practice in which clients buy two round-trip discount tickets for less than the cost of one round-trip ticket at full fare, thus circumventing certain restrictions on the discount tickets by rearranging departures and returns. - answer- Card mills : Organizations that sell travel agent identification cards to the general publ...