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Chapter 4 Travel

Bringing Travelers and Tourism Service Suppliers Together

TermDefinition
Baggage suitcases and bags containing personal belongings packed for travelling; luggage
CDC Centers for Disease Control
Duty a moral or legal obligation; a responsibility
Duty Free Port designated area within a country where goods can be imported, stored, handled, manufactured, or reconfigured, and re-exported under specific customs regulation and generally not subject to customs duty
Dynamic Packaging method of creating deals or packages based upon the components selected by the customer
Embassy the official residence or offices of an ambassador
Exchange Rate the value of one currency for the purpose of conversion to another
Horizontal Integration a business strategy where a company grows its operations at the same level in an industry by acquiring or merging with other firms that operate in the same market
Package Tourism refers to a pre-arranged holiday that combines various travel services into one comprehensive package
Passport an official document issued by a government, certifying the holder's identity and citizenship and entitling them to travel under its protection to and from foreign countries
Tourist Destination defined as a location that attracts visitors due to its unique features, cultural heritage, natural beauty, or recreational opportunities
VAT refers to a consumption tax on goods and services levied at each stage of the supply chainwhere value is added
Vertical Integration business strategy where a company controls multiple stages of its production process and supply chain, from the acquisition of raw materials to the retailing of the final product
Visa an endorsement on a passport indicating that the holder is allowed to enter, leave, or stay for a specified period of time in a country
World Health Organization a specialized agency of the United Nations established in 1948 to promote international public health
Created by: wkolakowska26
 

 



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