Keywords list - Unit 1 Flashcards
Tourism
The movement of people to countries or places outside their usual environment for either personal or business reasons
United Nations World Tourism Organisation
The agency for World tourism, responsible for the promotion of responsible, sustainable and universally accessible tourism
Domestic tourism
Someone traveling within their own country and staying away from home for at least one night
Day visitor
Someone taking a day trip with no overnight stay
Inbound tourist
Someone entering a country for the purpose of tourism
Outbound tourism
Someone leaving their own country to travel to another country for the purpose of tourism
Short break
Two or three days’ holiday, often at a weekend
Stag or hen party
A group of men or women celebrating the marriage of their friend, usually shortly before the wedding takes place
Visiting friends or family (VFR)
Tourists who are staying overnight with a friend or family member.
Specialist travel
Tourists travelling for a specific kind of holiday for e.g. adventure, health, education, heritage or culture, a gap year, conservation, sustainable tourism, special interests, hobbies or sports, weddings and honeymoons
Leisure travel
Tourists travelling for their own pleasure and enjoyment or to take a relaxing holiday
Corporate travel
People travelling for business reasons, could include MICE – meetings, incentive travel, conferences and events
Incentive travel
A trip or holiday that is given to an employee for reaching their targets or for extremely good performance in their job
Day trip
Trips that do not include an overnight stay. People on day trips are not counted as tourists because they are not staying away from home.
Sole trader
A business run by a self-employed individual
Limited liability
Responsibility that is limited to some extent (such as up to a maximum amount of money)
Bankrupt
When a company is unable to pay its debts
Liable
Legally responsible for something
Private limited company
A business owned by shareholders who invest in the business in return for a share of the profits
Shareholders
The owners of the shares (either individuals or other companies)
Shares
Units of ownership of a company offered for sale to raise funds for the company
Public limited company (plc)
A business owned by shareholders that can sell shares to the public
Stock exchange
A place where shares are bought and sold
Dividend
A share of a business’s profits that is paid to a shareholder