Study Guide for HFT 1000There 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 questionsSpring 2014Module 1- 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 transporto 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 informationo 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 purposeso 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 countryof reference International- Visitor movement or travel across sovereign nationalborderso- 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 playerso 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 importanto 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- Civic center cultural centers- Airports- Highway signs, police, hospitals, etc. - The Tourism Industry, as described on slides 24-26 should be memorizedo 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 resultsiso 65 million new jobso 1 in 10 jobs is related to tourism industry Why is the industry so Big?- It comprises the activities supporting travel outside the usual environmento Transportationo Accommodationo Food Serviceo Shoppingo Travel arrangementso 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 yearo World’s largest export earner and important factor in balance of payments of countryModule 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 beacheso 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 09o $77.3 billion in tax revenueo 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. 2010o 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 (695.7772.5) but there was a huge drop off in 2009 (704.4). It has been onthe rise ever since 20092012 (834)- View the slide ‘U.S. travel supports how many jobso Supports 1.7 million jobso 263 billion in spendingo 106 billion contribution to GDPo 60 billion in labor revenueo 14.3 billion in federal taxo 11.3 billion in state and local taxModule 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, destinationso 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 industryo Thousands of properties (motels), millions of rooms, 60% occupancy rate, billions in $ in sales, and 1.8 million employeeso 21% were international traverlers (22 million overseas and 10.5 million from Canada) all staying at least 8 nightso 40% business a Business were mostly 1 night or 3+ Mostly males and 35-54 years old that Avg 116,000$ income 94% made reservationso 60% leisure 50% two adules and 40%were 35-54 years old with 90k$ income 91% made reservations most stayed 1 night- Be able to
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