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Chp 4 travel

Bringing Travelers and tourism supplies together

TermDefinition
Baggage personal belongings packed in suitcases for traveling; luggage.
CDC Centers for Disease Control and Prevention
Duty a tax imposed by a government on goods that cross international borders
Duty free port a geographical area, often a seaport or airport, where goods can be imported, stored, handled, and processed without being subject to certain customs duties and taxes
Dynamic Packaging the process of creating and selling customized travel packages by combining various travel components like flights, hotels, and car rentals in real-time through a single transaction
Embassy the official headquarters of a country's government representatives in a foreign capital city
Exchange rate the value of one currency for the purpose of conversion to another.
Horizontal integration a business strategy where a company acquires or merges with another company that operates at the same level of the supply chain and offers similar products or services
Package tourism groups travel components like transport, accommodation, and activities together and sells them as a single product for a fixed price
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 destinations a place, such as a city, town, or region, that is specifically visited by people for pleasure, sightseeing, or recreation
VAT a consumption tax assessed on the value added in each production stage of a good or service
Vertical integration the combination in one company of two or more stages of production normally operated by separate companies.
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 (UN) that is responsible for international public health
Created by: elebarron27
 

 



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