Evaluation should

defining economy and identifying basic economic systems
identifying local and regional agencies that promote travel and tourism
identifying major local, state, and national events and attractions
assessing local, state, and national travel statistics
explaining the concept of supply and demand
describing the four phases of a business cycle
identifying local and state regulations that affect lodging operations
identifying the economic value of tourism and how it contributes to the community's tax base.

Process/Skill Questions:

Why is an accurate interpretation of travel industry statistics important?
What role do local hospitality taxes play in the economy?
How does tourism influence local job markets?
How do the concepts of business cycles, supply and demand, and government regulation affect the travel industry?
How do tourism dollars flow through a local economy?
What is the role of a convention and visitor bureau (CVB)?
How does the travel and tourism industry affect the GDP?
How can dependence on the travel industry have negative effects on a locality?