Describe the multiplier concept as it relates to domestic travel. How does money multiply?
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Describe the multiplier concept as it relates to domestic travel. How does money multiply?
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- Describe the multiplier concept as it relates to domestic travel. How does money multiply? What are the key economic variables that economists use to derive multiplier values? Define direct, indirect, and induced effects. What is leakage? Finally, what would it mean to a destination if it had an economic multiplier of .7 from tourist spending?
- List and define the five most common types of crises that can negatively affect tourism revenues and destination’s economy. Select a tourism destination somewhere in the world that was recently affected by one of the five crises. Identify the destination and explain how tourism was negatively impacted by the crisis you chose to provide an actual recent example.
- List and briefly describe the steps that must be included in a comprehensive tourism plan.
- Is your town friendly? Answer any three questions from the list for which you can provide a “yes” answer and support your answer with specific examples from your local community.
