Explain important costs that a potential tourist may incur. Discuss the pricing objectives followed by tourism enterprises.
Introduction Tourism, like any other economic activity, involves various costs for the consumer and strategic pricing decisions for service providers. For tourists, understanding these costs helps in better travel planning. For tourism enterprises, setting appropriate pricing objectives is crucial for attracting customers, managing competition, and ensuring profitability. Important Costs Incurred by Tourists 1. Transportation Costs […]