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