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Travel and Tourism Component 3 Exam 2025 Questions and Answers What is a Recession? - ....ANSWER ...-a period of temporary economic decline, generally identified by a fall in GDP in two successive quarters. What is a Boom? - ....ANSWER ...-A period of high economic growth How do the levels of employment affect tourism? - ....ANSWER ...-Affect the amount of disposable income people have to spend on travel and holidays How do fuel costs affect travel? - ....ANSWER ...-Affects cost of travel e.g. plane tickets How does currency exchange affect tourism? - ....ANSWER ...-Affects affordability of destination. What are the 4 natural disaster factors? - ....ANSWER ...-Earthquakes Volcanic eruptions Tsunamis Sink holes How do natural disasters affect tourism? - ....ANSWER ...-Impacts local businesses infrastructure and operations Can cause disruption, cancellations or even evacuations …FOR STUDENTS ONLY…©️2025 ALL RIGHTS RESERVED… 1