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Final exam revision

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    Focus area 3
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  • Why has tourism proved so difficult to define and measure on the supply side ? Give 3 examples?
    very unstable demand, risky investment prospect from a financier’s point, slow to innovate
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  • The increase in prices of land, houses and food that occur as a result of tourist, it's called?
    Inflation
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  • The cost of engaging in tourism rather than another form of economic activity, it is called ?
    Opportunity cost
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  • Over-reliance on tourism carries risks to tourism-dependence economies, True or False?
    True, dependency/over-dependence
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  • A place becomes over-dependent on tourism that other industries are abandoned. This is called
    Over-dependence
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  • One of the major disadvantages in tourism, its effect to jobs, investments and tourism-related enterprises.
    Seasonality of tourism
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  • Goes out of the local economy to pay for imported items, expatriate salaries or franchise fees.
    Leakage
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  • Give 3 reasons of economic leakage in tourism?
    1- Repatriation of profits generated from foreign capital investment; 2- Vertical integration; 3- Not sourcing goods and services locally.
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  • How to create a meaningful sustainable experience ?
    Custom made: Authentic: Intercultural encounters;Learning experiences; Challenge
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  • There are 17 principles of UNWTO ‘2030 Agenda for Sustainable Development and the Sustainable Development Goals , list 3 principles??
    17 principles
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  • What is the difference between DMO and DMP?
    Open answer
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  • Who should involve in developing the DMP? 3 examples
    The preparation of DMP must involve:....
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  • List the 5 stages of DMP development?
    Getting started,gathering evidence,setting the direction,action plan, monitoring and reporting
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  • can be literally translated as the desire for sunshine and a better climate, and, refers to the search for better amenities for recreation than are available at home
    Sunlust
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  • simply curiosity to experience the strange and unfamiliar. It refers to the basic trait in human nature to see, at first hand, different places, cultures and peoples. Status and prestige motivators would be included under this heading
    Wanderlust
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  • List 4 examples of Push factors
    . Economic factor 2. Socio-cultural factor 3. Political factor 4. Demographic factor 5. Geographical factor 6. Climatic factor 7. Psychological factor
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