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Ch. 4
Tourism
| Term | Definition |
|---|---|
| Baggage | the portable containers, like suitcases, bags, and trunks, that travelers use to carry their personal belongings for a trip |
| CDC | refers to its role in providing travel health guidance and protecting against communicable diseases that can spread during international travel |
| Duty | tax on imported goods (customs duty), the obligation of care by travel professionals, or the responsibilities of governments to manage and promote their tourism industry |
| Duty free port | a designated area, often an airport, seaport, or specific zone, where goods are sold to international travelers without being subject to local import duties and taxes |
| Dynamic Packaging | the process of combining various travel components, such as flights, hotels, and activities, in real-time to create a customized, flexible travel package for a customer |
| Embassy | represent their home country's interests, facilitate diplomacy, and protect their citizens abroad |
| Exchange rate | currency hedging to lock in a favorable exchange rate, allowing them to offer a stable price to the customer while protecting their own profit margins. |
| Horizontal integration | when a company merges with or acquires another company that operates at the same level of the value chain |
| Package tourism | when a travel company sells multiple tourism products, like transportation and accommodation, as a single product for a set price |
| Passport | an official government-issued document that serves as proof of a person's identity and citizenship, allowing them to travel internationally |
| Tourist destination | a physical space, such as a city, town, region, or country, that is marketed and known for attracting visitors, often due to specific attractions like cultural heritage, natural wonders, or man-made structures |
| VAT | the location where the final consumption of a tourism service or package is deemed to take place |
| Vertical integration | a strategy where a single company owns and controls multiple stages of the tourism supply chain, from initial booking to in-destination services. |
| Visa | an official authorization from a foreign government that permits a traveler to enter their country for purposes like vacation, visiting friends or family, or medical treatment, typically for a limited time and without the right to work |
| World Health Organization | which is a specialized agency of the United Nations. The WTO serves as a global forum for tourism policy issues and aims to promote sustainable and responsible tourism development worldwide. |
Created by:
kbauer26