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Travel- Booklet C&D

What does GDP stand for?

Gross Domestic Product

What is GDP?

This is the tool which measures the economic transactions between the UK and the rest of the world.

What is Balance of Payments?

This is the value of all services and goods that a country produces in a given time period.

What are Tourism Receipts?

This is the amount of money that a tourist spends in the country that they visit.

What is Disposible Inocome?

Money you spend on yourself.

What is Direct Employment?

This is a job at any level in a travel and tourism business

2 Examples of direct employment

1. Hotel
2. Airline

What is Indirect Employment?

This is any job in an industry that supports the travel and tourism industry.

2 examples of Indirect Employment

1. Hospitality Business
2. Retail Business

What is the Multiplier effect?

The additional revenue, income or employment created in an area as a result of tourism expenditure.

What does leakage mean?

The amount of money that leaves an economy for products and services purchased from other countries
(therefore does not benefit the first nations economy)

What does Profit Margin mean?

Meaure of how much money a company is making on its product after subtracting all the costs.

Why tourism important to the uk's economy?

1. Creates jobs
2. Money to expand on goods/services

Why are planes so popular?

Planes are now more technological advanced and can fly frequently and for a lower price.

Why was the Boeing 747 a gamechanger?

This plane seated more passangers
Could fly faster and further then previous aircraft

When was the Boeing 747 made?

1970

What does GDS stand for?

Global Distribution System

What is the GDS system?

This system is used by travel agents to compare holidays through many different providers.
Great impact on travel indsutry.

What does CRS stand for?

Computer Reservation System

What does CRS do?

This sytem was the original system which linked one travel agent allowing them to book a holiday or product/service.

What are Tour Generators?

Knowing where inbound tourists come from to provide the facilities that these tourists want to advertise products/services to them.

What is Public Relations?

The maintanance of a positive public opinion of something, such as a business/destination.

How does social media influence travel?

Travel content/influencer
Providing useful up to date info on holiday destinations

What are Baby Boomers?

Generation of people born between 1946-1964

What is the Grey Market?

Older people with substaintal disposable income

What are Demographics?

Stastical data relating to the population
e.g average age and average income

what is Recession?

Significant decline in production of goods/services.

What is Growth?

Positive change in the production of goods/services.

What is Exchange Rate?

Amount of money that one currency is worth in another country.

External factors that influences the decision to travel.

Political
Economy

Sociol

Technology

Environment

Legislation

Financial Quater

A quater of a year or 3 months.

What is the Air Passanger Duty (APD)

A tax paid by airline passangers to the government, collected when the passanger purchases their ticket from the airline.

What is the Health & Safety Act?

Duty of care, need to have safety managment policies in place to look after customers.

Passports

Travel document issued by a government that contains a persons identify for international travel.

VISAS

Condtional authorization that allows a foreigner to enter, remain or leave a country.

Data Protection Act 2018

Personal data must be kept up to date & held securely.
Must not be kept for longer then necessary.

what is Climate Change?

Long term shifts in tempreture and weather patterns.

Afffects of climate change on travel

1. Changing weather patterns, effect choice of destination and length of stay.
2. unreliability of snow, shortens ski season.

What is Sustainibilty?

Aviodance of using up natural resources.

Affects of sustainibilty on travel

Lead to increased demand for sustainable travel
Government puts pressure on businesses

Airlines contribution- more fuel efficient & quiter aircraft

Principles of Sustainability

Minimise negative economic, environmental, cultural impact
Promote conservation of natural landscape

Improve quality of life

Examples of extreme weather

Hurricanes
Earthquakes

Tornadoes

Floods

What is Ecotourism?

Tourism that centres around awarness of environment & local community.

Effects of extreme weather

1. Cause delays & cancellations, airports & airlines may work together to impliment planned cancellations to some flights.
2. Storms cause turbulance, bumpy land & rough landings

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