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

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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?

62 (correct)

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?

Workers can work for 20 years and receive benefits at 60 or younger 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?

Marketing, legal, human resources, operations, and consumer affairs Signup and view all the answers

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

Addressing the major issues confronting the industry 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?

They have more time to travel and see the world Signup and view all the answers

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

Longer average life span Signup and view all the answers

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

It increases leisure time and the possibility of travel Signup and view all the answers

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

The operations receive an important share of the additional disposable income spent on consumer goods and services Signup and view all the answers

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

It has a positive impact, leading to increased sales Signup and view all the answers

How does the modern highway system contribute to increased travel?

It reduces the time required for automobile travel between any two points Signup and view all the answers

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

It makes travel less expensive if fewer family members travel Signup and view all the answers

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

Marketing, legal, human resources, operations, and consumer affairs issues Signup and view all the answers