Tourism Supply And Demand Flashcards
Why is tourism supply important?
The quality and quantity of supply components will determine the success of tourism
Why do we compare supply competition with other countries?
To improve our supplies
What are the four components of Supply?
- Natural Resources and Environment
- Built Environment
- Operating Sector
- Spirit of Hospitality and cultural resources
Includes air and climate, physiography of the region, landforms, terrain, flora, fauna, fauna…
Natural resources and environment
Includes infrastructures and superstructures
Built environment
Underground and surface developmental construction for the convenience of local residents
Infrastructure
Give 5 examples of infrastructures
GREWC
Gas lines Roads Electrical lines Water supply systems Communication networks
Facilities constructed primarily to support visitation of tourists
Superstructure
Give five examples of superstructures
SHARB
Bus and train station facilities Railroads Airports Hotels Shopping centers
Comprises the tourism industry
Operating sector
What makes a hosting of tourists successful?
The people and their cultural wealth
What is tourism demand?
The product/service that people are willing and able to buy at a specific price in a specific period of time
What’s the formula of demand, propensity and resistance?
D = f (propensity, resistance)
Define propensity
It is the willingness of a person to travel, as well as the travel experience and destination he prefers
Explain resistance
What hinders a traveller to travel
It relates to the relative attractiveness of various destinations
Resistance
3 factors of propensity
- Psychographics
- Demographics
- Marketing effectiveness
5 variables/factors of resistance
- Economic Distance
- Cultural Distance
- Cost of Services
- Quality of Service
- Seasonality
Relates to the time and cost involved in traveling from origin to the destination and back
Economic Distance
Formula for Economic Distance
⬆️ED
⬆️R
⬇️D
The culture of the tourist’s origin is different to the culture of the host area
Cultural distance
Formula for cultural distance
⬆️CD
⬆️R
⬇️D
Formula for cost of services
⬆️CoS
⬆️R
⬇️D
Formula for Quality of service
⬆️Q
⬇️R
⬆️D
Define seasonality
The attractiveness of a destination depends on the time of the year for which a vacation is planned
Where the supply and demand meets
Price
Tourists can be classified into three personalities, these are? And what differs one another?
Allocentric- active
Psychocentric - passive
Midcentric - neither
