Exam 1 Flashcards
Hospitality
cordial and generous reception of guests or wide range of businesses that are dedicated to the service of guests away from home
tourism
dynamic, evolving, consumer-driven force and is the world’s largest industry, or collection of industries, when all its interrelated components are placed under one umbrella
sustainability
the ability to achieve continuing economic prosperity while protecting the natural resources of the planet
intangible
the guest cannot “test drive” a night’s stay or “taste the steak” before dining
inseparability
uniqueness of each hospitality service
perishability
limited lifetime of hospitality products; i.e. last nights empty hotel room cannot be sold today
variability
capable of varying or changing
ROI
determines how well mgmt uses business assets to produce profit
economic impact of tourism
travel and tourism is the world’s largest employer and is the world’s largest industry grouping
multiplier effect
when tourists bring new money into the community they are visiting, the money is recycled back into the business
convention and visitor bureaus CVBs
main function is to attract and retain visitors to the city
ecotourism
responsible travel to natural areas that conserves the environment and sustains the well-being of the local people
UNESCO
UN’s education, scientific, and cultural organization; designated a number of world heritage sites worthy of protection and preservation due to their natural and cultural heritage
cultural tourism
motivated by interest in cultural events such as feasts or festivals or activities such as theater, history, arts and sciences, museums, architecture, and religion.
heritage tourism
motivated by historic preservation
nature tourism
motivated by nature
culinary tourism
motivated by food
volunteer tourism
provides travelers with an alternative to standard commercial vacation options
recreaction
activity done for enjoyment when not working
leisure
free time from work; productive, creative
club management
responsible for operations, asset/investment, and relationship building
franchising
allows a company to expand more rapidly by using other people’s money rather than acquiring its own financing
management contracts
written agreement between owner and operator of the hotel where owner employs the operator as an agent to assume full responsibility for operating and managing the property
direct economic impact of hotels
economic impact expressed in dollars that a hotel has on its property
indirect economic impact of hotels
comes from the ripple effect
corporate hotel
owned by a corporation
franchise hotel
owned by an idv or co. that has been granted a franchise to operate the hotel using the brand name
independent hotel
independent of a group or chain ownership
hotel classification system
classified by rating, affiliation, location, size, amenities
general manager
focuses on leading and operating the hotel departments
executive committee
directors of human resources, food and beverage, rooms division, marketing and sales, engineering, and accounting