lecture # 1 Flashcards
What two factors are essential for the tourism industry to thrive?
Economic wealth (money circulating) and security (safe travel conditions).
What did Romans contribute to early tourism?
They built spas and baths and offered tours to locations like ancient Greece, Troy, and England.
How do pilgrimages impact local economies?
Pilgrimages stimulate the development of businesses like accommodation and food services along the routes.
What was the Grand Tour, and when did it begin?
A tradition that began in the 17th century for young gentlemen to travel Europe after formal education, to learn about culture and society.
What role did banks play in supporting the Grand Tour?
Banks provided letters of credit to ensure travelers had access to funds without carrying large amounts of money.
Who was Thomas Cook, and what was his contribution to tourism?
Thomas Cook was a temperance advocate who started organizing travel for his followers in the 1840s, eventually creating large-scale tours.
What innovation did Thomas Cook introduce to make travel safer?
He introduced traveler’s checks to provide safe access to funds.
When did Thomas Cook declare bankruptcy, and why?
In 2019, largely due to competition from internet-based travel services.
How did airline deregulation impact tourism in the 1970s?
It made air travel cheaper, making international tourism accessible to a larger portion of the population.
What percentage of global GDP was accounted for by tourism in 2019?
10.4% of global GDP.
How much is the tourism industry’s economic contribution expected to be in 2024?
$11.1 trillion worldwide.
