Travel and Tourism Final Exam Review

What are the four sectors of the hospitality and tourism industry?

This is a social, cultural, and economic phenomenon which entails the movement of people to countries or places outside of their usual environment for personal or business purposes

• Multiculturalism

• Tourism

• Traveling

• Hospitality

What is the multiplier effect?

• The sudden influx of tourists to a particular area or destination

• An increase in demand for a product

• A state that occurs when two or more things depend upon each other for success

• The increase in overall spending that results from an injection of spending into the economy

Match each sector of the hospitality and tourism industry to its correct description

• All methods of moving people

• Travel

• Places/activities of interest

• Food and Beverage

• Businesses that prep & serve food

• Attractions/Entertainment

• All places that charge for an overnight

• Accommodations/Lodging

A (a)   statement describes what a company wants to do now

What is interdependence?

• The idea that many cultures can prosper together by recognizing and celebrating their differences

• A social, cultural, an economic phenomenon which entails the movement of people to places outside their usual environment for personal or business purposes

• A state that occurs when two or more things depend on each other to be successful

• The increase in overall spending that results from an injection of spending into the economy

Give an example of the multiplier effect

A (a)   statement outlines what a company wants to be in the future

Why is interdependence important to the different sectors of the Hospitality and Tourism industry?

What is corporate social responsibility?

• The decisions and actions of large corporations that can positively impact the community and environment

• A business that owners buy unto with a proven standardized system of operation

• The increase in overall spending that results from an injection of spending into the economy

• A marketing practice used by large corporations to recover from negative press