Tppp

Flashcards covering key concepts and terms related to tour costing and operations in the travel industry.

Costing

The process of determining the actual cost of a tour package by detailing its various components.

Pricing

The process of determining the selling price after adding a mark-up or margin to the costs.

Ad Hoc Tour Packages

Custom packages created for specific clients or events.

Regular Tour Packages

Standardized tour packages offered to clients.

Fixed Costs

Costs that remain constant regardless of the number of participants.

Variable Costs

Costs that vary depending on the number of participants availing of a travel component.

Per Pax Basis

Costs calculated per person participating in a tour.

FOC (Free-of-Charge) Costs

Costs calculated for components provided free to certain passengers, excluding certain transportation and accommodation costs.

Mark-up

The additional value that tour operators add to the price of their products.

VAT (Value Added Tax)

A government tax that tour operators need to calculate for pricing.

Prorated Cost

Costs that are divided among the predetermined number of passengers.

Rate Sheet

A list of products and services with corresponding prices provided by the tour operator.

Seat-in-Coach (SIC) Sightseeing Tours

Scheduled tours where clients share transportation with others.

Tour Package Quotation

A summary of the total cost of the services involved in a specific tour package.

Log Book

A record of all activities and services provided to clients during field operations.

Tour Coordinator

The person responsible for organizing and managing the details of a tour.

Tour Guide

The individual who offers company and information to travelers during a tour.

Arrival Transfer

Transportation services to take clients from the arrival point to their place of lodging.

Departure Transfer

Transportation services to take clients from their lodging to the departure point.

Optional Tours

Additional tours that can be purchased by clients, separate from the main package.