Commonly Used Terms in Tourism and Hospitality Flashcards
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Business Travel
It refers to travel for commercial, governmental, or educational purposes
Carrier
It refers to any provider of mass transportation
Group Rate
It refers to a negotiated hotel rate for a convention, trade show, meeting, tour, or incentive group
Hub
It is an airport or city that serves as a central connecting point for aircrafts, trains, or buses
Net Rate
It refers to the price without the travel agent’s commission
Incentive Travel
It refers to travel offered as a reward for the top-performing workers
Travel Product
It refers to any product or service bought by or sold to consumers of trade
Travel Seasons
The travel industry business cycles include peak season, the primary season for travel, and off-peak season when slow business occurs