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What is an advantage to a resort community that experiences an increase in travel and tourism?
The demand for hotel rooms increases
Consumers save their money and reduce their travel
Travel and tourism are cyclical
Transnational corporation
Consumer spending increases
Higher unemployment
The economic multiplier
More employment opportunities
The Wyndbriar Hotel chain has 710 hotels in 64 countries, sells shares of stock to the public and does not identify itself with one particular home country. What business structure is the hotel chain using?
The demand for hotel rooms increases
Consumers save their money and reduce their travel
Travel and tourism are cyclical
Transnational corporation
Consumer spending increases
Higher unemployment
The economic multiplier
More employment opportunities
When tourists spend money at local attractions, the employees working at the local attractions earn income and spend a portion of their money at local restaurants and stores. What concept does this situation illustrate?
The demand for hotel rooms increases
Consumers save their money and reduce their travel
Travel and tourism are cyclical
Transnational corporation
Consumer spending increases
Higher unemployment
The economic multiplier
More employment opportunities
What economic condition typically occurs during a popular vacation destination's off-season?
The demand for hotel rooms increases
Consumers save their money and reduce their travel
Travel and tourism are cyclical
Transnational corporation
Consumer spending increases
Higher unemployment
The economic multiplier
More employment opportunities
Why do popular vacation destinations tend to experience economic highs and lows at certain times of the year?
The demand for hotel rooms increases
Consumers save their money and reduce their travel
Travel and tourism are cyclical
Transnational corporation
Consumer spending increases
Higher unemployment
The economic multiplier
More employment opportunities
What tends to occur when a nation's economy experiences an economic recession?
The demand for hotel rooms increases
Consumers save their money and reduce their travel
Travel and tourism are cyclical
Transnational corporation
Consumer spending increases
Higher unemployment
The economic multiplier
More employment opportunities
Tami is coordinating for a concert of about 30,000 attendees. She is also coordinating with local hotels. Which activity is she addressing?
The demand for hotel rooms increases
Consumers save their money and reduce their travel
Travel and tourism are cyclical
Transnational corporation
Consumer spending increases
Higher unemployment
The economic multiplier
More employment opportunities
Which of the following economic indicators suggests that a country is likely to experience an overall decrease in domestic travel and tourism?
The demand for hotel rooms increases
Consumers save their money and reduce their travel
Travel and tourism are cyclical
Transnational corporation
Consumer spending increases
Higher unemployment
The economic multiplier
More employment opportunities
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