Pearson New International Edition International pcl tp indd 1


companies. FRONT OFFICE SEMANTICS



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Professional Front Office Management Pearson New International Edition by Robert Woods, Jack D. Ninemeier, David K. Hayes, Michele A. Austin (z-lib.org)

companies.
FRONT OFFICE SEMANTICS
Transnational company:
Organization with its headquarters in one country but with company operations
in several other countries.
Some governments decentralize the operation of tourism-related sites by
contracting with private companies to manage the sites’ resort and tourism
components. Governments also help fund tourism development to boost their
OVERVIEW OF THE LODGING INDUSTRY
68


own local economies. The number of countries hosting resort development or
operations companies has increased, while the number of companies that com-
pete on a worldwide scale has dwindled.

Developing creative time-share marketing and exchange programs. Time-share
purchasers are popular with relatively young (45-to 55-year old) buyers. Some
observers, however, are concerned about whether the industry can develop pro-
grams to address potential drawbacks to time-share purchases such as rela-
tively high initial purchase costs, overly aggressive sales techniques, and poor
resale values during downturns in the economy.
Since the September 11, 2001, terrorist attacks, the time-share industry
has learned it is relatively recession-proof. While hotel occupancies dwin-
dled to virtually nothing, and airlines canceled many flights, people who
owned time-shares continued to use them for vacations. After the terrorist
attacks and the recession that followed, some time-share owners exchanged
their access to properties far from home to properties within driving distance
of their homes.

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