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

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...

ENVIRONMENT social and physical characteristics - answer-Ambience Setting Authenticity Environmental Perception Cognitive Map Landmarks Images Geography of tourism Ambience - answer-Dynamic condition Understanding the tourism environment helps predict behavior Affected by people who move in and out of the atmosphere People adapt and respond to ambience Setting (smaller subset of the environment) - answer-Behavioral settings must include: People and Programs- orderly, planned...

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...

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...

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...

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...

This formula represents a buyers view of a sales transaction? - ANSWERSPerceived Value-Selling Price=Personal Profit Effective revenue managers use this to best develop and evaluate their organizations pricing and revenue management strategies and tactics. - ANSWERSRegular Strategy meetings A pricing system based upon a buyers view of product or service value - ANSWERSValue-based pricing Included in the Place portion of a hotel's markieting mix - ANSWERSDistribution channels Tasha'...

Hospitality Final Exam question and answers 2023 graded A+ fully solvedPineapple - correct answer What has been a symbol of hospitality for centuries? Hospitality - correct answer This is any organization that provides food, shelter, recreation, and other services to people away from home. False - correct answer True or false: Hospitality just has to do with hotels. Management - correct answer This has to do with planning, organizing, staffing, leading, and controlling. Hospitality m...

Revenue Management Final Q&A 100% All Verified what is the industry term used to describe the sum of prices paid by a business's customers? -daily receipts -profit -profits less expenses -total revenues - ANS--total revenues historically, what concept have hospitality managers chiefly used to calculate their selling prices? -income -revenue -costs -profits - ANS--costs what is an algebraic equivalent of the formula: sales=costs+profit? -profit=sales-costs -costs=sales+profits ...

Revenue Management Final Exam Review This formula represents a buyers view of a sales transaction? - ANS-Perceived ValueSelling Price=Personal Profit Effective revenue managers use this to best develop and evaluate their organizations pricing and revenue management strategies and tactics. - ANS-Regular Strategy meetings A pricing system based upon a buyers view of product or service value - ANS-Valuebased pricing Included in the Place portion of a hotel's markieting mix - ANS-Distrib...