Tourism Final Exam

Injection --> Expenditure Stream --> Leakage

Seasonal staff, buying from outside of city, people save their money

Elastic demand is when the quantity is effected by the price. Inelastic means they will sell the same amount no matter the price. Business is inelastic because they are told to go. Leisure is elastic because consumers want to go.

1. Government Agencies 2. Tourism associations and organizations 3. Marketing services 4. Research and consulting 5. Misc services

1. Diplomatic 2. Amentiy 3. Commerce 4. Navigation

Tourism Policy: Fee for services/privatization Government Policy: Development and maintenance of infrastructure

Direct: Park Canada, passports, funding directed to tourism, gaming laws Indirect: Environment laws, zoning laws, labour laws, smoking in public areas

A company that contracts with hotels, transportation and other suppliers and sells individual products to a consumer. They book space but do not pay for the product until it's sold.

A company that contract with hotels, transportation and other suppliers to create a complete tour package, including the services of a guide. Pays for product then sells it.

Purchases a large number of airline seats at a low price. Sells to tour operators and travel agents at discounted prices.

Independant: not part of a group Group: Ground package. Inclusive. May be escorted.

Defined by destination or purpose

Full service: corporate and leisure Corporate: Specialize in business travel Specialty: cruises or seniors etc

Private Ownership Chain agencies Franchises Consortiums

Commissions from suppliers Service fees Sale of misc items