Tourism management - Study guides, Class notes & Summaries

Revenue Management Final Exam Practice 2024 Questions and Answers Latest (2024 / 2025) (Verified Answers by Expert) What is bigger in the tourism industry, fixed costs or variable costs? ANS fixed costs are bigger -Think of an airplane staffing, airport fees (fixed) - huge amount of the costs for airplanes come from fixed costs; food, fuel (variable) - not as easy to determine the variable costs 2. We can reduce prices (even below total cost per room), as long as the reduced price covers, f...

Growth in demand for hospitality and tourism educators is derived: correct answers directly from the demand for people working in hospitality/tourism industry Growth of hospitality and tourism correct answers Tourism: -largest industry in the world -THIRD largest industry in US Segments of Lodging Accommodation & Food Service: -comprise 10% of all employment -growth of convention and event sector b/w is 44% Related growth of H&T Education correct answers primary growth in 4-year...

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 -total revenues historically, what concept have hospitality managers chiefly used to calculate their selling prices? -income -revenue -costs -profits -costs what is an algebraic equivalent of the formula: sales=costs+profit? -profit=sales-costs -costs=sales+profits -costs=profit-sales -prof...

hospitality spirit correct answers -begins with each and every time we have a guest encounter -passion to give pleasure to others "creating memorable experiences for others and being an Ambassador of the world, adding warmth and caring service spirit correct answers people who are happy to do something extra to make a guests' experience memorable service correct answers -"the act of means of serving" -to "provide goods and services for" and "be of assistance to" pineapple cor...

(1) What stages do groups pass through? 1. Idea generation, implementation and termination. 2. Introduction, high productivity and decline. 3. Initiation, evolution, maturation and decline. 4. Forming, storming, norming, performing and adjourning. (2) How would you describe a work group? 1. A group whose individual efforts result in a performance that is greater than the sum of the individual inputs. 2. A group that primarily interacts to share information and to make decision...

HCAD 375 Exam 1 Questions with 100% Correct Answers 2024/2025 What has led to increase healthcare costs? - ANSWERS_ Cost of materials - Labor costs - Rx - Increase in demand What has lead to the decrease in medical costs? - ANSWERS- CMS - Medical tourism - Outpatient care Propriety - ANSWERS- Corporate - Pays taxes - For profit Non- profit - ANSWERStax exempt Patient first Still needs to be financial responsible Administrators role in financial management - ANSWER...

Growth in the Industry: correct answers The demand for hospitality and tourism educators is derived directly from the demand for people working in the hospitality and tourism industry. Tourism is the largest industry in the world and the third largest industry in the US. The segments of lodging accommodation and foodservice comprise about 10% of all employment nationally. According to the Bureau of Labor Statistics of the US Department of Labor, the hospitality industry increased nearly 17% i...

Which of the following is not historically correct regarding sporting events? correct answers The modern sport industry has remained stagnant. Which skill(s) is (are) correctly matched to its corresponding type? correct answers blogging = technology skills preparing and managing a checklist of activities = time management written communication = interpersonal skill All of these are correct. What makes sporting events unique from other types of events? correct answers Sporting events are...

EOPA Study GuideWhich of the following is an example of a geographical factor that can influence tourism patterns? - correct answer The proximity to natural attractions In the context of hospitality and tourism management, what does the term "no-show" refer to? - correct answer Guests who make reservations but fail to arrive as scheduled In the hospitality and tourism context, what is the term for the process of identifying and targeting specific customer segments with tailored marketing...

Which segment of the tourism industry includes lodging operations? - ️️Hospitality Which type of lodging operation offers its guests sleeping rooms, meeting space and complete food and beverage services? - ️️Full-Service An ala carte menu is one in which the menu items offered are individually - ️️Priced Which type of hotel is typically operated out of a converted home? - ️️Bed and Breakfast The US tourism industry is one of the top ten largest industries in - ️️4...