Price, Place, Promotion and Product. Inelastic demand would not change when prices went down or up. Late Show — A guest who arrives later than the agreed time of their reservation.
Familiarization tours, also called fam tours, are sometimes offered to journalists as research trips for the purpose of cultivating media coverage of specific travel products.
Marketing Collateral Marketing Collateral is the collection of media used to support the sales of a product or service. BSC — Balanced Scorecard. Can be broadly interpreted as action taken to protect and preserve the natural world from harmful features of tourism, including pollution and overexploitation of resources.
A fully arranged sub-tour offered optionally at extra cost to buyers of a tour or cruise. A room with two double beds. Formal definitions exclude shops, sports stadia, theatres and cinemas, as these meet a wider purpose, although in practice tourists may consider the excluded categories to be tourist attractions.
This includes sending monthly payment statements and collecting monthly payments, maintaining records of payments and balances, collecting and paying taxes and insurance and managing escrow and impound fundsremitting funds to the note holder, and following up on delinquencies.
A prearranged travel program, usually for a group, with escort service. Industry organisation formed in to advance communication training, standards, procedures and technology for the sale of hotel accommodation through electronic systems.
The end point of a trip. This situation is known as a special forbearance or mortgage modification. Generally defined as the network of connections of organisations and peoples are across national, geographic and cultural borders and boundaries.
Maximum Length of Stay A room inventory control function that limits the number of nights a reservation can stay Terminologies in tourism industry arriving on a certain date. The price per person for a room to be shared with another person; the rate most frequently quoted in tour brochures.
Often these are owner-managed, with few specialist managers. The market segmentation process also considers which of these segments to target. Tour basing fares include inclusive tours, group inclusive tours, incentive tours, contract bulk inclusive tours, and group round-trip inclusive tours.
A company or other entity involved in the business of increasing tourism to a destination or improving its public image such as a convention and visitor bureau. A dynamic system of plant, animal, fungal and micro-organism communities, and the associated non-living physical and chemical factors.
GM — General Manager. The person-trip concludes when the traveller leaves Canada. These distribution channels can be accessed through the Internet, an intranet or through an interfaced connection. An object; an item of material culture.Glossary of Hospitality/Tourism Terms ABA - American Bus Association; comprised of bus companies, operators and owners Attendance Building - Marketing and promotional programs designed to increase attendance at conventions, trade shows, meetings, and events.
Attractions - General all-0inclusive term travel industry marketers use to refer. For example, a tourism trade association is designed to help all businesses in the tourism industry to improve, work together and make change for the better. TRADE SHOW A place where professionals from an industry meet to establish partnerships.
A Collection of Acronyms and Terms Commonly Used in the Tourism Industry () for the National Tour Association. Professional association embracing travel and tourism industry, and includes tour operators and related vendors and educational institutions throughout North America.
Welcome to the Hospitality Terminology page. These definitions are intended to be a reference for the industry, both vendors and hoteliers alike. In the tourism industry, it assesses the use of resources and social and environmental impact during three phases: 1) departure and return travel, 2) stay at the destination, and 3) activities at the destination.
Tourism Industry Tourism is the activity carried out for recreational purpose during leisure time. On the other hand, tourism industry is the industry that used tourism in a way to get profit. It is one of the industry that every country counts on to achieve a certain level of fame and economical advantage.Download