Tourism terms starting with P

5 terms

1. Package Tour A saleable travel product offering an inclusive price with several travel elements that would otherwise be purchased separately.
2. Packager Anyone organizing a tour including prepaid transportation and travel services, usually to more than one destination.
3. Partnership An agreement between two or more entities to go into business or invest. See also "general partnership;" "limited partnership;" "joint venture."
4. Product Extension An add-on product or service, which enhances the experience of your product and generates additional revenue.
5. Product Life Cycle The cyclical pattern of demand for most products from “new and exciting” to “old and dated.