Tourism and Travel Concepts Notes
What is NAIC?
- The North American Industry Classification System (NAIC) allows Canada, the USA, and Mexico to produce common statistics.
- Facilitates:
- Uniform terminology and sector information
- Assessment of each country's economic health and projected growth rate
- Creation of comparable figures between countries
NAIC Industry Groups
- There are five key industry groups classified under NAIC:
- Transportation
- Food & Beverage
- Travel Services
- Recreation & Entertainment
- Accommodations
SWOT Analysis
- SWOT stands for Strengths, Weaknesses, Opportunities, Threats.
- A strategic planning tool used to identify internal (strengths, weaknesses) and external (opportunities, threats) factors influencing an organization.
PEST/STEP Analysis
- PEST/STEP: Environmental scan method focusing on:
- Political factors
- Economic factors
- Sociocultural factors
- Technological factors
Types of Tourism
- Sports Tourism:
- Involves travel to engage in or watch sporting activities/events.
- Underwater Tourism:
- Allows travel to view marine environments, can include scuba diving or eco-friendly underwater vehicles.
- Considered a form of environmental tourism.
How is Tourism Sold?
- Different strategies are used to market and promote tourism services.
Inbound vs Outbound Tourism
- Inbound Tourism:
- Foreign guests visiting Canada.
- Generates jobs and revenue.
- Outbound Tourism:
- Canadians traveling abroad, spending tourism dollars in foreign countries, resulting in a travel deficit.
Tourism Development Categories
- Independent Tours:
- Custom tours created by individuals/groups.
- Packaged Tours:
- Pre-set itineraries, sold to individuals/groups.
Group Tour Categories
- Ground/Land Package:
- Includes accommodation, attractions, possibly meals and land transport (e.g., Expedia).
- All-Inclusive:
- Covers transportation, accommodation, meals, attractions, special events (fully, partially, or unescorted).
Travel Agency Types
- Categorized by:
- Types:
- Small: 1-3 travel counselors
- Medium: 8-10 travel counselors
- Large: Highly diversified with specialized departments
- Full-Service: Vacation and corporate clients
- Corporate: Business only
- Specialty: Focused on specific products (e.g., cruises, special needs).
Incentive Travel
- Initially designed as a reward for employee performance.
- Involves incentive purchase cards (e.g., Air Miles).
- Motivates employees towards productivity and sales.
- Benefits both company (through increased productivity) and destination host (attracting visitors).
Challenges in Travel/Tourism
- Various challenges for individuals to purchase travel:
- Discretionary time
- Discretionary money
- Location accessibility
- Transportation options
- Need for companions (minimum/maximum group sizes)
- Operating hours/seasons.
What is a DMO? (Destination Marketing Organization)
- A tourism organization responsible for creating and promoting a marketing plan for a destination.
- A strong DMO can enhance tourist volume and revenue.
Canadian Tourism Structure
- Tourism's intangible aspects
- Perishability of tourism services
Tourism Characteristics
- Intangibility
- Services cannot be touched; experienced (e.g., a handshake).
- Perishability
- Limited time items lose value or usability (e.g., food spoiling, airline seats going empty).
Tourism Trends
- Consumer behavior changes
- Time poverty impacts
- Developments in transportation
- Shifts in accommodation
- Food and beverage innovations
- Recreation and entertainment preferences
- Growth in adventure tourism
- Trends in travel services and related sectors
The Ripple Effect of Travel
- Travellers inject money into the economy:
- Payments made to:
- Cruise lines
- Banks
- Motorcoach operations
- General services
- Accommodations
- Restaurants
- Meeting conventions
- These payments fund wages, salaries, profits, and taxes, leading to broader economic growth.
- The subsequent economic effects include:
- Investments in communication, transportation, technologies, and infrastructure.