Pre-Test for Economic in Tourism and Hospitality Industry

If hotel room prices decrease, what will likely happen to demand?

• Decrease

• Stay the same

• Increase

• Uncertain

Which of the following affects demand in tourism?

• Oil prices

• Number of hotel staff

• Number of available rooms

• Business taxes

During peak tourist season, the demand for hotel rooms will...

• Decrease

• Increase

• Stay the same

• Be unaffected

When hotel prices increase, customers are likely to...

• Book more rooms

• Stop traveling

• Seek alternatives

• Ignore the price

Which of the following represents supply in a hotel business?

• Number of customers

• Number of employees

• Number of rooms available

• Customer satisfaction

Which of the following is a fixed cost?

• Utility bills

• Daily wages

• Building rent

• Raw food materials

Which of the following is a variable cost?

• Rent

• Fuel for tourist transport

• Music license fee

• Monthly Wi-Fi service

What is the formula for profit?

• Revenue - Cost

• Revenue + Cost

• Cost - Revenue

• Revenue ÷ Cost

A hotel sells more rooms but still loses money. Why?

• Selling price is lower than cost

• Bad employee performance

• Not enough customers

• Too many competitors

A hotel earns 100,000 THB in revenue and has 70,000 THB in costs. What is the profit?

• 20,000

• 30,000

• 70,000

• 100,000