Travel and tourism t Study guides, Class notes & Summaries

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 business transaction? - profit What element is not present in a barter economy? - money What is the formula used to...

To be tourists, travelers may be: A. Traveling for business purposes B. Traveling to set up a new business in another country C. Studying in a university for the freshman year D. All of the above are tourists - answer-A In the technical sense, travel is: A. A term that includes all movement of people B. Undertaken for financial, military, personal business, or enjoyment purposes C. Not distinguishable from tourism D. Is mainly just a fun trip E. All of the above - answer-C A p...

Event Management Exam 1 verified solution event organized occasion such as meeting, convention, exhibition components of an event - events are organized - organizing takes place over time - events have several functions that are all connected - events are temporary -- clearly defined - events are gatherings of people - producer/consumer - events are a display of ritual/habit - events are unique experiences MEEC Meetings: no expositions Expositions: closed to public Events: fe...

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...

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...

the us state departments' website: , contains what information -travel advisories -entry requirements for individual counties -passport information -health issues- vaccination requirements, etc -all of the above - answer-all of the above what are some things to look out for when avoiding drinking local tap water? -brushing your teeth from the bathroom sink -ice in your soda drinks -fruits and vegetables that cannot be peeled -all of the above - answer-all of the above customs is ...

1.2 Travel and Tourism test questions and answers rated A+ 2024/2025

ADR formula - ANSWERSTotal Rooms Revenue / Total Rooms Sold Value proposition - ANSWERSwhen 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 - ANSWERSOwners Investment Return/ Owner's Original Investment Profit - ANSWERSnet value achieved by both parties in a business transaction GOPAR formula - ANSWERSTotal revenue - Management Controllable Expenses / Rooms Available to sell Destination mar...

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...

Three main approaches to teaching English 1. Direct Method 2. Communicative Approach 3. Task Based Approach What is the aim of The Direct Method The aim is for accuracy and to sound as much as possible like a native English speaker. What does the Direct method focus on? Pronunciation and Grammar (Structural Approach) Generally speaking, what is the Direct Method? It is basically drilling and memorizing the English language. Students develop word and sentence repertoire...