THCMAC103 Module 4: Current Trends and Issues in Tourism and Hospitality Industry

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Questions and Answers

What social and economic changes suggest a bright future for the tourism and hospitality industry?

  • No change in retirement age and social security benefits
  • Increased retirement age and reduced social security benefits
  • Reduced retirement age and increased social security benefits (correct)
  • Early retirement and retirement benefits based on age

What is the minimum age at which workers can currently receive benefits from the US social security system?

  • 67
  • 62 (correct)
  • 65
  • 60

What is a trend in retirement programs according to the text?

  • Industry-based retirement programs
  • Service-based retirement programs (correct)
  • Income-based retirement programs
  • Age-based retirement programs

What is a possible scenario in some government retirement programs according to the text?

<p>Workers can work for 20 years and receive benefits at 60 or younger (A)</p> Signup and view all the answers

What is the focus area of the specific issues mentioned for owners and managers of tourism and hospitality establishments?

<p>Marketing, legal, human resources, operations, and consumer affairs (C)</p> Signup and view all the answers

What is the main goal for owners and managers of tourism and hospitality entities according to the text?

<p>Addressing the major issues confronting the industry (B)</p> Signup and view all the answers

What is one reason that the increasing number of people retiring early is beneficial for the tourism and hospitality industry?

<p>They have more time to travel and see the world (C)</p> Signup and view all the answers

What factor contributes to the potential increase in customers for tourism and hospitality operations?

<p>Longer average life span (C)</p> Signup and view all the answers

How does the shorter workweek impact the tourism and hospitality industry?

<p>It increases leisure time and the possibility of travel (A)</p> Signup and view all the answers

Why does the greater disposable income benefit the tourism and hospitality operations?

<p>The operations receive an important share of the additional disposable income spent on consumer goods and services (D)</p> Signup and view all the answers

What effect does the greater mobility have on tourism and hospitality industry sales?

<p>It has a positive impact, leading to increased sales (D)</p> Signup and view all the answers

How does the modern highway system contribute to increased travel?

<p>It reduces the time required for automobile travel between any two points (D)</p> Signup and view all the answers

Why does the average family size decreasing make it easier for families to travel?

<p>It makes travel less expensive if fewer family members travel (C)</p> Signup and view all the answers

What kind of issues must those pursuing careers in tourism and hospitality obtain knowledge about?

<p>Marketing, legal, human resources, operations, and consumer affairs issues (A)</p> Signup and view all the answers

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