AICE Travel & Tourism VOCAB pt.2

Inbound Tourist

Traveling back to your country

Outbound Tourist

The act of traveling outside of your country

Adventure Tourist

A type of tourism that involves traveling to remote or exotic locations in order to take part in physically challenging outdoor activities

Perishability

Travel and tourism service products, unlike other products, cannot be stored for sale on a future occasion

Chartered Flight

Holiday flights or specific route flights that use small or mid-sized planes that are privately owned and operated

Environmental Goals

Sustainable tourism → make optimal use of environmental resources that constitute a key element in tourism development

Scheduled Flights

When the air craft carrier sells single seats to individuals until the aircraft is full

Day Trippers

A person who goes on a journey that is completed in one day

Multiplier Effect

The effect on national income and product of an exogenous increase in demand

Vertical Integration

The take-over business at different level of the supply or distribution chain

Accommodation

A facility that regularly or occasionally provides accommodation for tourists.

MEDC

More economically developed countries (popular tourist attractions that have developed infrastructure)

GDP

(Gross Domestic Product) A monetary measure of the value of all final goods and services produced in a period

Seasonality

When the demand for travel service/product comes only during a particular season/time

Intangibility

When somethings cannot be easily evaluated or demonstrated in advance of its purchase

External Customer

Organizations’ visitors or users

Demographics

The social characteristics and statistics of a human population

Travel Agent

Travel agencies act as intermediaries providing information about destinations, tour packages, and travel services. They also make travel arrangements of behalf of the customer

Repatriation

A process that occurs when people return to their home country after living, visiting, or working abroad

Leakage

The way in which revenue generated by tourism id lost to other countries’ economies