Study Guide for HFT 1000 There are 9 Modules for this test therefore you should be familiar with the five bulleted items for each module in preparation for the exam The exam consists of 50 questions multiple choice or true false View and read all materials other than the study guide questions Module 1 Spring 2014 What is the definition and difference between the terms travel and trip o Travel the movement of people between relatively distant geographical locations for any purpose and any duration with or without any means of transport o Trip Also known as a person trip which is one person on a trip away from home county to a place 50 miles or more one way on a day or overnight in paid accommodations Know the terminology associated with Tourism being careful to understand the terms territory and associated economic impact information o Tourism is described as Activities of person traveling to and staying in places outside of their usual environment Not more than one consecutive year For leisure business and other purposes o Types of territorial tourism Inbound non resident visitors within the economic territory of the country of reference Outbound resident visitors outside the economic territory of country of reference Domestic resident visitors within the economic territory of country of reference International Visitor movement or travel across sovereign national borders o What are the Tourism Chain and the activities therein o Tourist Chain complex system of activities and services which is described as interconnecting different phases different activities and different players o Some activities include Trip preparation anticipation Journey from home travel to Stay and activities on site experience Journey home travel from Recollections memories Understand the accommodation tax and why it is important o Accommodation tax is money from the visitor motel or car rental tax collector state dept of revenue county administrator which uses the money to boost the city The tax money will be used for such things like Tourist development Downtown improvements Airports Highway signs police hospitals etc Civic center cultural centers The Tourism Industry as described on slides 24 26 should be memorized o The tourism industry represents the largest industry in the world when international and domestic tourism are taken together WTTC reports that it generates 6 trillion sales worldwide 9 31 global GDP 258 million jobs Industry investment of estimated US 652 billion Generator of Economic Growth Industry investment forecasted US 1 5 trillion by 2021 4 2 sales growth every year in the next 10 years and results is o 65 million new jobs o 1 in 10 jobs is related to tourism industry Why is the industry so Big It comprises the activities supporting travel outside the usual environment o Transportation o Accommodation o Food Service o Shopping o Travel arrangements o Activities for tourist such as History culture adventure sports recreation entertainment etc What is International Tourism o Visitor movement or travel across sovereign national borders o There is over 800 million a year o World s largest export earner and important factor in balance of payments of country Module 2 What points are made on the slide U S Travel and Tourism Industry Impact in 2010 o Travel is among the top 10 industries in 48 states and D C in terms of employment 7 4 million jobs are directly generated by travel expenditures 186 3 billion in wages shared by American workers directly employed by travel 2 7 of nations gross domestic product GDP attributed to travel and tourism No 1 Where travel ranks amongst service export industries 99 5 of travel industry firms with 500 or fewer employees 1 9 billion of person trips that American took for business and leisure purposes What is a person trip o A person trip which is one person on a trip away from home county to a place 50 miles or more one way on a day or overnight in paid accommodations What is the definition of Leisure Travel o Getting away would be a great example Visiting relatives shopping visiting friends rural sightseeing and beaches o This could be an example of a person trip 1 5 billion logged o Direct spending on leisure travel by domestic and international travelers totaled in 489 7 billion in 09 o 77 3 billion in tax revenue o 3 out of 4 domestic trips are taken for leisure 77 In the bar chart titled Leisure travel behavior more spending strong drive market know all of the opinions differences thereof based on amount of travel over the years Oct 2008 through Oct 2010 o This chart shows that in 2010 compared to 2008 and 2009 there should be a huge increase in the categories driving over flying staying longer traveling further spending more money and more expensive motels Know the slide Yet Good News Travel spending on the rebound o From 2006 2008 there was a steady incline in billion of dollars 695 7 772 5 but there was a huge drop off in 2009 704 4 It has been on the rise ever since 2009 2012 834 View the slide U S travel supports how many jobs o Supports 1 7 million jobs o 263 billion in spending o 106 billion contribution to GDP o 60 billion in labor revenue o 14 3 billion in federal tax o 11 3 billion in state and local tax Module 3 What are the different areas of Tourism and what are the different areas of Lodging as described on the slide Lodging is Part of the Tourism Industry o The difference areas of tourism are Hospitality retail stores transportation destinations o The difference areas of lodging are Resorts full service hotels Limited service hotels and sleeping rooms Know the details on the slides depicting the 2011 Lodging Industry Profile several slides understand the overall state of the industry o Thousands of properties motels millions of rooms 60 occupancy rate billions in in sales and 1 8 million employees o 21 were international traverlers 22 million overseas and 10 5 million from Canada all staying at least 8 nights o 40 business a 94 made reservations Business were mostly 1 night or 3 Mostly males and 35 54 years old that Avg 116 000 income o 60 leisure most stayed 1 night 50 two adules and 40 were 35 54 years old with 90k income 91 made reservations Be able to calculate Key Operating Ratios such as Revpar Number of guests per occupied room etc o Revpar revenue per available room Rooms revenue available rooms Paid occupancy x ADR o Number of guests per room of guests of occupied rooms o Average rooms cleaned per attendant day no of occupied
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