Hospitality & Tourism Final Review Unit 2

What process has led to an interdependency of travel and tourism activities among different countries to strengthen their national economies?

• Globalization

• Protectionism

• Domestic trade

• Industrial postitioning

The Wyndbriar Hotel chain has 710 hotels in 64 countries, sells shares of stock to the public, and does not identify itself with one particular home country. What business structure is the hotel chain using?

• Joint venture

• Close corporation

• Limited partnership

• Transnational corporation

What typically results when a destination's hospitality and tourism businesses continuously attract visitors?

• The local economy thrives.

• The local economy declines.

• Local businesses are more likely to fail.

• Local residents have less money to spend.

Which of the following is a factor that influences demand in the travel and tourism industry?

• Tariff revenue

• Export quotas

• Production costs

• Economic conditions

What is an advantage to a resort community that experiences an increase in travel and tourism?

• Higher inflation rates

• Less government regulation

• Lower gross domestic product

• More employment opportunities

Which of the following economic indicators suggests that a country is likely to experience an overall increase in domestic travel and tourism?

• Sales taxes increase

• Consumer spending increases

• The standard of living decreases

• The strength of the U.S. dollar decreases

Why do popular vacation destinations tend to experience economic highs and lows at certain times of the year?

• Tourists want to visit new places.

• Travel and tourism are cyclical.

• Airlines overbook their flights.

• Airport hubs close during certain seasons.

What economic condition typically occurs during a popular vacation destination's off-season?

• Increase in tourism

• Lower interest rates

• Higher unemployment

• Decrease in tax rates

Tami is coordinating for a concert of about 30,000 attendees. She is also coordinating with local hotels. Which activity is she addressing?

• The inflation rate increases.

• The demand for hotel rooms increases.

• The demand for transportation decreases.

• The local economy experiences a contraction.

Which of the following factors is most likely to have a positive impact on a destination's ability to attract tourists?

• Increase in sales tax

• Increase in crime

• Fluctuations in interest rates

• Improvements to the infrastructure