HPED 3630 Lecture Notes - Lecture 7: Visual Flight Rules
9 Feb 2020
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Document Summary
Overview of tourism: the processes, activities, and outcomes arising from the relationships and the interactions among tourists, tourism suppliers, host governments, host communities, and surrounding environments that are involved in the attracting and hosting of visitors. Industry a number of firms that produce similar goods and services and are therefore in competition with one another: tourism is not an industry because in tourism, businesses and other organizations are often complementary to one another. Characteristics of tourism as an industry: tourism is an unstable industry, highly susceptible to external influences, difficult to create product loyalty, seasonal. Primary purpose of travel: business, vfr (visiting friends and relatives, other personal business, leisure. Tools for economic development: direct the money spent directly to a hotel, tourism is an export industry, but the consumers travel to the product. Indirect the money generated to the local economy from hotel stay. Induced staff costs and their economic impact.
