Travel Agencies Can Be Categorized in Several Ways, Including by the Services

question 35

Essay

Travel agencies can be categorized in several ways, including by the services they offer and by ownership/management system.
a)Explain the difference between full-service, corporate, and specialty travel agencies.
b)Briefly discuss three ways in which agencies may be owned and managed.
c)List three major appointments and a brief description of the products each appointment gives the agency permission to sell.
d)Of the major concerns identified by the travel services industry, which do you think creates the greatest threat to its existence? Justify your answer.

---

Definitions:

Gain Yards

In sports, particularly in American football, it refers to the advancement of the ball down the field to gain distance towards the opponent's end zone.

Probability .70

A statistical measure indicating a 70% chance of a specified event occurring.

Nash Equilibrium

A situation in a non-cooperative game where each player's strategy is optimal given the strategies of all other players.

Press Button

An act of pressing a switch or a button to control a machine or process.