World Of Tourism - D Keywords Flashcards
Board
The meals provided with a tourists chosen accommodation
Differentiation
Elements of a product and service that make it different from others on the market and therefore attractive to customers
Full board
The provision of accommodation and all meals at a hotel or guest house
Breakfast, lunch and dinner are included in the holiday price, but any other drinks or snacks outside the meal times will cost you extra
All inclusive
All meals, drinks and activities are included in the overall price of the holiday
Half board
Provision of bed, breakfast and one main meal at a hotel
Bed and breakfast
Sleeping accommodation for a night and a meal in the morning
Accommodation only
Just the price for the room without cost of food and other activities
Financial quarter
A quarter of a year or three months
Disposable income
The amount of money left over from a persons wages after they have paid tax and necessary expenses such as rent and food bills
Exchange rate
The amount of money that one currency is worth in another currency
Fuel hedging
An agreement to purchase fuel at a predetermined price for a specified future time period
Demographics
Statistical data relating to the population, such as average age and average income
Baby boomers
The generation of people born between 1946- 1964
Grey market
Older people with substantial disposable income
Multi-generational
A family containing multiple generations, such as children, parents, grandparents and even great grandparents