Hubs, gateways, travel agents and operators (Learning Aim B) Flashcards
What is a niche market?
A smaller specialist market.
What is a fanchise?
When a business wants to buy another business’s products or services under their name
What is meant by commission?
The amount of money paid to an agent for every sale they make.
What is a VISA?
A travel document that gives permission for a traveller to enter or stay in a country for a certain amount of time.
What is meant by a transfer?
The transport provided in a package holiday from the airport to accommodation and back.
What is an excursion?
A short trip taken as a leisure activity.
Self-service check in desk
Used at airports, international railway stations and hotels.
What is a global distribution system (GDS):
System used by travel industry to sell flights, hotels, travel services.
What is meant by local factor?
A measure of airline performance. Shows % of seats filled. High load factors are good.
What is dynamic packaging?
Where customers put together their own package (that is likely protected by law) from different flight and accommodation options.
What is a principle?
An operator who creates the product to sell – airlines, hotels, ferry operators, visitor attractions.
What is the ATOL scheme?
Bond scheme that protects customers when buying package involving air travel in event of travel company failure.
What is the DMO (Destination Management Organization)?
Promotes tourism in a specific destination.
What is meant by a multiple?
A large nationwide chain of travel agents. E.g., TUI
What is meant by a miniple?
Small chains that are often located in a particular region.