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Macro Midterms Reviewer

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Macro-Midterms Reviewer It is a form of travel in vehicles such as

helicopters, hot air balloons, blimps,


BSHM 1101 gliders, hang gliding, parachuting,
airplanes, jets, or anything else that can
Group 4 sustain flight.
-AIR TRAVEL
Old convents, monasteries, castles, It is a major factor in tourism. Examples
fortresses converted into hotels by the of these are Manila Bay Sunset Cruise
government and operated by a national in the Philippines, the Miami Cruise in
tourism office. Florida, the Rhine River Cruise in
-PARADORES Germany, and the Canal Cruise in
An apartment or individual dwelling unit, Holland.
owned by an individual but the -SEA TRAVEL
management and services such as
maintenance and security are handled
by an independent company. Group 5
-CONDOMINIUM
Give the 3 types of Travel It is the process of moving a product
Transportation from creation and manufacturing into
-LAND TRAVEL hands of final user.
-AIR TRAVEL -MARKETING CHANNEL OF
-SEA TRAVEL DISTRIBUTION
Give atleast 5 types of They are people who assemble the
Accommodations. component part of a holiday.
-HOTELS -TOUR OPERATOR
-CONDOMINIUM They help plan, choose, and arrange the
-HOSTEL customer’s holiday.
-BED & BREAKFAST -TRAVEL AGENTS
-MOTELS OR MOTOR HOTEL An American company that finds
-INNS discount rates for travel-related
-PARADORES purchases such as airline and hotel
It is one of the basic needs for any stay.
tourism activity. -PRICELINE GROUP
It is the form of lodges/hotels to world People who are required to have good
class luxury hotels is available at all the sales, customer service and people
major tourist destinations to provide the skills.
tourist a home away from home. -TRAVEL AGENCY INTERMEDIARIES
Accommodation is one of the basic True or False. Travel Agents can also
needs for any tourism activity. be called private retailers.
-ACCOMMODATION -TRUE
The majority of seasoned travelers True or False. Travel Agents did not
prefer to travel by train because of its provide visas or passport.
safety record and the convenience and -FALSE
satisfaction of viewing the scenery from
a comfortable air conditioned car.
-RAIL SERVICE
True or False. Travel recommendations True or False. Growth theory
are the level of personalized attention, emphasizes the need to expand
or you could have trouble finding demand.
someone who can help you get where -FALSE
you need to be. Give the 5 Undesirable Economic
-FALSE Aspects under Economic Instability
True or False. Travel agents who book a -TOURIST ARRIVALS
high volume of trips often have access -POLITICAL EFFECTS
to perks that you might not be able to -SAFETY AND SECURITY
get on your own. -SPREAD OF DISEASES
-TRUE -FLUCTUATIONS IN THE MONEY
True or False. Time and Money Savings Give the 3 Economic Strategies that
is when you will search out the travel have been adapted.
options that best meets your needs and GIVE THE THREE ECONOMIC
budget. STRATEGIES THAT HAVE BEEN
-FALSE ADAPTED.
Define Technology. -IMPORT SUBSTITUTION
-Technology speeds up the operation -INCENTIVES
of hospitality and tourism industry. -FOREIGN EXCHANGE
Enumerate how I.T. has affected the Give two examples of Common
realm of Hospitality Sector. Incentives.
-COMPUTER RESERVATION SYSTEM -SUBSIDIES
-MOBILE COMMUNICATION -GRANTS
-IN-ROOM TECHNOLOGY

BSHM 1102
GOOD LUCK!!!   
GROUP 4

True or False. Unbalanced growth


requires huge amount of capital, making
investments in on leading sectors.
-FALSE
True or False. Economic Strategies is
the key to maximizing the economic
effects of tourism and hospitality is to
minimize the amount of revenue.
-FALSE
True or False. Import Substitution is a
payment or concession to simulate
greater output or investment.
-FALSE
True or False. Balance growth is an
economic theory pioneered by the
economist Ragnal Nurkse.
-FALSE

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