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CH4 TRAVEL
Bringing Travelers and Tourism Service Suppliers Togethe
| Term | Definition |
|---|---|
| Baggage | travelers' bags and belongings, but also broadly to equipment (military) or emotional burdens (unresolved issues, past trauma) impacting present life |
| CDC | he national public health agency of the United States. Its mission is to protect public health and safety by preventing and controlling diseases, injuries, and disabilities, both domestically and internationally. |
| Duty | a moral or legal obligation; a responsibility. |
| Duty Free Port | a special geographic area, often a port or airport, where goods can be stored, processed, and sold without being subject to most import duties, taxes (like VAT), or strict customs regulations |
| Dynamic Packaging | a technology-driven travel solution that lets customers build their own trips in real-time by combining flights, hotels, cars, and activities, offering personalized, customizable, and dynamically priced packages rather than static |
| Embassy | the official residence or offices of an ambassador. |
| Exchange Rate Exchange Rate | the value of one currency for the purpose of conversion to another. |
| Horizontal Integration | a business strategy where a company expands by acquiring or merging with other companies at the same level of the supply chain, offering similar products or services, to increase market share, reduce competition, and achieve economies of scale |
| Package Tourism | a vacation organized by a travel agent, with arrangements for transportation, accommodations, etc., made at an inclusive 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 Destination | a city, region, country, or specific place marketed and visited for tourism, offering attractions, infrastructure, and experiences (like culture, nature, or history) that draw visitors |
| VAT | which is a comprehensive, indirect consumption tax levied on goods and services at every stage of the supply chain, from production to the point of sale |
| 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 | is the United Nations' specialized agency for health, founded in 1948 to ensure all people attain the highest possible level of health. It leads global efforts to fight diseases, promote well-being, set health standards, provide technical aid |