A tourism product is any product that is marketed by a country or an institution to visitors so as to attract them to visit a country as tourists and experience the said product. According to the Jamaica Tourist Board, for example, Jamaica has marketed its tourism products since 1890; as of 2014, tourism is one of the major industries in the country.Know More
Tourism products include accommodations, tours, transportation, recreational activities and historic sites. In Jamaica, some of the popular tourism products include accommodations in five-star hotels and other smaller hotels, villas and specific accommodations for families or small groups, which have seen the island's bed capacity standing at over 31,000 in 2010. Jamaica's recreational facilities for tennis, golf and water sports are another important tourism product. The island's scenery and historic sites offer opportunities to provide tours as tourism products, and the unique cultural heritage of the Jamaican people form part of the attraction.
Many other countries have similar tourism products with slight variations, but they are all aimed at attracting tourists and generating income for the countries. In some countries, a government agency provides support for the development of tourism products. For example, in Canada, the Northwest Territories' Department of Industry, Tourism and Investment has a Tourism Product Diversification and Marketing Program that "provides funding for business planning, product and product package development."Learn more about Economics
Some advantages of tourism are job creation, expansion of local infrastructure, such as roads, public transportation and sanitation facilities, and education of tourists. Meanwhile, many advantages are also disadvantages. For example, job creation does occur, but many of these jobs tend to be menial and offer little chance of advancement; the jobs that do offer upward movement are often filled from outside.Full Answer >
Space tourism is literally what it sounds like: people taking time away from their jobs and everyday lives in order to go visit an interesting destination somewhere outside of the Earth. While space travel was traditionally left to government-trained experts and other professionals, there has been a trend toward the commercialization of space flight during the early 21st century. As more private companies develop space travel technology, the idea of civilian space tourism could become a full blown reality.Full Answer >
The definition for supply includes the complete supply curve depicting how much supply of a product or service exists at various prices. The quantity supplied, however, represents the amount of supply for a product or service that is available at a specific price point along the supply curve.Full Answer >
Consumer awareness refers to the understanding by a consumer of their rights in regards to a product or service being marketed or sold, enabling buyers to get the most from what they purchase. There are four categories in the concept of consumer awareness: information, choice, safety and the right to be heard.Full Answer >