definitions Flashcards
definition
what is domestic travelling
travelling within own country
what is inbound travelling
travelling into a country for toursim purposes for instance travelling from uk to France
what is outbound travelling
travelling outside your country and into another
day visitor
visiting somewhere for a day
what is leisure travel
travelling for enjoyment purposes such as holidays
what is specialist travel
travelling for a wedding, honeymoon ect
what is corporate travel
travelling for business purposes
what is a shareholder
an owner of shares in a company/business
what is a private limited company
a type of privately held small business entity
what is a public limited company
a company that has offered shares of stock to the general public
dividends
distribution of profits by a corporation to its share holders
what is the difference between a tour operator and a travel agent
a tour operator puts together and plan the whole holiday/ package whilst a travel agent does none of this as just books and sells the package
what is a sole trader
it has unlimited liability and is only owned by one person
what are public and private limited company owned by
shareholders
what are 3 ferry operators
Irish ferries, Brittany ferries, and northfolk ferries
name two uk rail operating companies
London underground, great western railway
what is a public sector organisation and what are the aims
it is an organisation owned by the government and the aims are to provide good services, educate, create loyal customers, attract new customers by creating new exhibits
what is a scheduled airline
they run at specific times and specific routes companies such as British airways
what is a charter airline
there customised to meet specific travel needs
leakage definition
tourist income comes into a country but is not staying in the country an example of this could be when hotels import food and drinks from another country
what is the multiplier affect
additional revenue, income or employment in areas as a result of tourism expenditure
what are the different trade associations
ABTA, antor, aito, CAA, ATOL
what is CAA and ATOL
civil aviation authority
what is a legacy
money donated when someone has died for instance a will
what is unlimited liability
if your business goes into debt you can loose your house, car ect
what is limited liability
if your company goes into debt you can only loose the money you put into the business
what is known as grey market
people over the age of 50
how are voluntary sectors funded
what is a horizontal integration
occurs when business buys another business at the same level in the distribution channel for example if a hotel chain buys an independant hotel
what is vertical integration
when a business buys or merges with another business at a different level in the distribution channel
