Circle and Write the most correct answer: _____
Who are the beneficiaries of hotel competition?
World Trade Organization
Amtrak, VIA Rail and KTX are all examples of what kind of market: _____ a.
Cabotage Laws _____
Control taxes in hotels
Protect the US transportation market
Protect consumers from high exchange rate commissions
SkyTeam, Star Alliance, AAdvantage are frequent flyer programs that: _____ a.
Offer flights upgrades
Partner with hotels and car rental companies
Accumulate miles and reward merchandise
Are another byproduct of airline deregulation
Both b and c
A, B, C and D all apply to most frequent flyer programs
The main factors that affect the economic benefits and costs of tourism to host communities are: ____ a.
Government revenue effects
Environment and society
All of the above
Which is not an advantage of a package tour: _____
Details of a trip have been taken care of by experts
Itinerary ensures all must-see spots will be visited
They are most popular for repeat travelers to the same destination
True or False – Write T or F
A business becomes horizontally integrated if it acquires another business that either supplies inputs to it or purchases from it. ____
The supply response to changing market conditions is very high since the cruise industry is mobile.____
Norwegian Cruise Line has exclusivity rights in Hawaii. ____
IATA stands for International Agency for Transportation Assistance. _____
A tax on foreign purchases that increases the cost of foreign goods to domestic consumers is a tariff. ____
Duty-free allowances vary significantly between countries. ____
GDP is a relatively new economic statistical method to measure the impact of travel and tourism industries._____...
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