Key Terms

Domestic Visitor is UK residents taking trips in the UK
Inbound Visitor is an overseas visitor visiting the UK
Outbound Visitor is a UK resident taking hoildays outside the UK
Short Haul is a flight to a destination of less than 4 hours
Long Haul is a flight to a destination of more than 4 hours
Tourist is a person visiting a place for a short duration
Visitor Attraction is a place set up to attract tourists
Travel Agent is someone who will book a hoilday for you
Tour Operator is a company that organises all the contacts and arrangements for trips
An Intangible Product is a product that can't phyiscally be touched.

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A Perishable Product is a product that doesn't last
Online Bookers are people who want to make use of the internet to book activites they want to do
Tailior Made Hoildays are hoildays that are personalised to suit the customers individual needs
All Inclusive Hoilday is a hoilday that includes flights, accomodation, food and drink
Bed and Breakfast is a small lodging establishment that offers overnight accomodation and Breakfast
Seasonality is a pattern of time that repeats in a regular way
Shoulder Season relates to travelling between peak season to get a good deal
Commercial Organisations is a firm that has a particualr skill
Non Commercial Organisations that is not connected to another organisation
Independent travellers are travellers who organise their own trip and don't purchase package hoidays

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Disposable Income is the amount of money left over from your salary after spending on
Gross Domestic Product is the value of goods and service produced by businesses in a country each year. A high GDP means consumers buy lots and the economy flourishes
Domestic Toursim is travelling in the same country you live in
Vertical Integration is when a company operates across more than one sector
Horizontal Integration is when one company buys out another in the same sector

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