Travel & Tourism [S-T]
Supplier
Those businesses that provide industry products like accommodations, transportation, car rentals, restaurants and attractions.
Sustainable development
Sustainable development has as many definitions as subscribers. In essence, it refers to economic development that meets the needs of all without leaving future generations with fewer natural resources than those we enjoy today. It is widely accepted that achieving sustainable development requires balance between three dimensions of complementary change
Sustainable tourism
"envisaged as leading to management of all resources in such a way that economic, social and aesthetic needs can be fulfilled with maintaining cultural integrity, essential ecological processes, biological diversity, and life support systems."
Sustainable tourism
Tourism that does not degrade the environment or local cultures/societies.
Target Audience/Market
A specific demographic, sociographic target at which marketing communications are directed.
Target Rating Points
TRP's are a statistical measurement which allows one to evaluate the relative impact of differing advertising campaigns.
Tariff
Rate of fare quoted and published by a travel industry supplier (i.e. hotels, tour operators, etc.) Usually an annual tariff is produced in booklet form for use in sales calls at trade shows.
TIA
Travel Industry Association of America.
TOT
Transient Occupancy Tax.
Tour Operator
Develops, markets and operates group travel programs that provide a complete travel experience for one price and includes transportation (airline, rail, motorcoach, and/or ship), accommodations, sightseeing, selected meals and an escort. Tour operators market directly to the consumer, through travel agents and are beginning to be listed on computerized reservation systems.
Tour Wholesaler
An individual or company that sells tour packages and tour product to travel agents. Tour wholesalers usually receive a 20% discount from accommodations, transportation companies and attractions and pass on a 10 to 15% discount to the retail agent.
Tourism
The business of providing and marketing services and facilities for pleasure travellers. Thus, the concept or tourism is of direct concern to governments, carriers, and the lodging, restaurant and entertainment industries and of indirect concern to virtually every industry and business in the world.
Tourism Receipts
Tourism Receipts (TR) measures the total revenue received by Singapore from tourism activity. It includes all payments and prepayments for goods and services made by visitors, transit passengers, air & sea crew and foreign students (staying for one year or less) during their stay in Singapore. Visitors' payments to our national carriers (SIA & Silk Air) for international transport are also included.
Tourist
Temporary visitor staying at least twenty
four hours in the country visited for a purpose classified as either holiday (recreation, leisure, sport and visit to family, friends or relatives), business, official mission, convention, or health reasons.
Visitor/Traveler
Any person who travels either for leisure or business purposes more than 100 miles (round
trip) in a day or who stays overnight away from his/her primary domicile.
Trade Show
a product showcase for a specific industry. Generally it is not open to the public. Differs from a "Consumer Show" in that a trade show targets the professional industry, while a consumer show targets consumers.
Transient Occupancy Tax
TOT or bed tax is a locally set tax on the cost of commercial accommodations and campgrounds.
Transnational corporation
Correctly, a large company with shareholders in more than one country. The term is often used more loosely to mean any large, powerful, Western
owned company.
Travel
Leisure and other travel including travel for business, medical care, education, etc. All tourism is travel, but not all travel is tourism.
Travel Agent
An individual who arranges travel for individuals or groups. Travel agents may be generalists or specialists (cruises, adventure travel, conventions and meetings.) The agents receive a 10 to 15% commission from accommodations, transportation companies and attractions for coordinating the booking of travel. They typically coordinate travel for their customers at the same or lower cost than if the customer booked the travel on his/her own.
Travel Product
Refers to any product or service that is bought by or sold to consumers of trade including accommodations, attractions, events, restaurants, transportation, etc.
Travel Seasons
Travel industry business cycles including
Travel Trade
The collective term for tour operators, wholesalers and travel agents.
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