PRTM 3420 Study Guide - Quiz Guide: Visual Flight Rules, Coopetition, North American Free Trade Agreement
14 Apr 2016
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The unwto esimated that internaional travel involved receipts of us billion in 2009. Opimizaion occurs when agents seek to allocate the limited supply of tourism resources (both physical and inancial) in the best possible way to meet the demands of tourists. At least three major goals can be ideniied in tourism: (1) maximize the quality of psychological experience for tourists, (2) maximize proits for irms providing goods and services to tourists, (3) Maximize the direct (primary) and indirect (secondary) beneits of tourist expenditures on a community or region. The second half of the opimizing situaion is occupied by those factors that place obstacles in the way of goal atainment. Tourism, being extremely broad and diverse, must deal with a large number of constraints: demand: every irm providing goods and services to tourists is constrained by the demand funcions of its customers.
