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Economics and the Impact of Tourism

AB
infrastructurethe physical components of a destination, such as hotels, restaurants, roadways, and transportation, that support tourism
economic multiplierthe process of how money filters through a local economy and is spent and respent, creating income for other businesses
leakagetourist dollars spent on imported goods so that revenue ends up in foreign economies
globalizationthe increasing integration of the world economy
sustainable tourismtourism that allows a destination to support both local residents and tourists without compromising future generations
aesthetic pollutionthe spoiling or contamination of the natural beauty and features of an environment due to poor planning and design of tourism projects
venturerstravelers who tend to be the first to discover a new, unspoiled destination
dependablestravelers who prefer familiarity and creature comforts and seldom try anything new or different
business traveltravel for the sole purpose of conducting an individual's or company's business
meeting and incentive travelbusiness travel by employees to attend a business meeting or as a reward for having met or exceeded company goals
meeting plannera person who organizes and plans a meeting
VFR traveltravel for the purpose of visiting friends and relatives
leisure traveltravel for the sole purpose of enjoyment
Maslow's hierarchy of needsa theory that explains what motivates people to act in certain ways or make certain decisions


Cedar Crest High School

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