Page 13 - Specialised First Foreign Language 1

Business Travel or Business Events: Travel for

commercial rather than leisure purposes. Business

travel is sometimes used as a cover-all to include what

are sometimes referred to as the “MICE” markets –

meetings, incentives, conferences and exhibitions

Business travel: Travel for a purpose and to a

destination determined by a business, and where all

costs are met by that business.

Business Travel: Travel of 1: 365 days duration for the

purpose of attending a convention or training,

conducting official/government or private business.

carrier: transportation company such as an airline,

motorcoach, cruise line, or railroad which carries

passengers and/or cargo

carrying capacity: the amount of tourism a

destination can handle.

Carrying capacity: The amount of visitor activity that

a site or destination can sustain.

cash flow: monies available to meet the company’s

daily operating expenses, as opposed to equity,

13