Economic & Social Factors

Factors involving people, a community, or a demographic are called what?

The grey market is defined as...

• the niche market that targets older travellers

• the niche market that targets people in their 20's

• when old people go to the grocery store

A 2-day trip that includes luxurious amenities and is customized to the travellers needs or wants would be good for those who are...

• money rich, time rich

• money poor, time poor

• money rich, time poor

• money poor, time rich

There is an increase in leisure time for a number of reasons. We discussed 4 in class - name one reason.

Someone who is time-poor and money poor might choose which of the following trip options.

• Cruise for 1 month

• Drive to a nearby natural attraction and camp for the weekend

• Private villa for the weekend

• One week in an RV/camping van

The _______ in birth rates and the increase in the size of the aging population is a social factor that affects tourism.

What are two economic factors that affect toursim?

The British pound being stronger than the US dollar is an example of which economic factor?

• GDP

• wealth distribution

• employment rates

• currency exchange rates

A rise in income levels directly relates to an increase in __________ income.

Explain what happens if the public sector does not complete basic infrastructure development in a tourism destination.