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This 2 page Class Notes was uploaded by Anne Butts on Thursday February 12, 2015. The Class Notes belongs to HTM173 at Purdue University taught by Ksenia Kirillova in Fall. Since its upload, it has received 156 views.
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Date Created: 02/12/15
I Principles of Sustainable Tourism Development a To improve the quality of life of the host community b To provide a high quality experience for visitors c To maintain the quality of the environment on which both the host community and visitors depend II Many Forms of Tourism Development a Lowimpact i Ecologically sustainable tourism development ESTD ii Alternative tourism b Highimpact tourism i Mass tourism ii Resort tourism III LowImpact to HighImpact Tourism a Low impact of soft tourism are often referred to as Alternative Tourism usually smaller scale and meet ecologically sustainable tourism development guidelines b High impact or mass and resort tourism have the potential of causing major transformations of local environments and peoples IV HighImpact Tourism a Architectural Pollution the development of architectural forms not compatible with local environments and cultural heritage b Ribbon Development strip development following coastlines or roads leading to important attractions c Infrastructure Overlaod when the visitor use of systems including power and sewage is great than the capacity of these systems d Traffic Congestion traffic volumes exceed the capacity of the local road and highway systems V PrivateSector Roles in Tourism Development a Idea generation b Entrepreneurial role c Specialized technical skills d Financing VI Government Roles in Tourism Development a Stimulator or catalyst for development b Regulator of tourism developments c Developer d Operator e Social tourism provider FIND DEFINITION IN BOOK WILL BE ON QUIZ f Financial and nonfinancial support VII Types of Government Incentive For Tourism Development a Fiscal Incentives i Tax holidays or deferrals ii Remission of tariffs iii Tax reductions b Direct and Indirect Incentives VIII IX X XI XII i ii iii iv V vi vii viii ix x Xi Nonrefundable grants Lowinterest loans Interest rebates Forgivable loans Loan Guarantees Working capital loans Equity participation the government owes a particular facility Training grants Infrastructure assistance Lease backs Land donations Objectives of PreFeasibility And Feasibility Studies a Prefeasibility study To determine Whether a detailed economic feasibility study is justified and Which topics the detailed study should address b Detailed economic feasibility study to determine the economic feasibility of a tourism development project opportunity Detailed Economic Feasibility Study a Needed by the Developers and Investors i To determine if the project Will produce a profit b Needed by the Lenders i To determine if the developers and investors can pay off the project Economic Feasibility Analysis a Determines if a tourism development project can produce a satisfactory financial return for investors b Has seven steps 1 Project Description ii Pricing iii Revenues iv Expenses and Profits v Capital Costs vi ROI return on investment CostBenefit Analysis a Project may be economically feasible and not require this step b Usually done on behalf of government agencies to assess the social as well as the financial ramifications Feasibility is mainly financial Costbenefit is more holistic bigger analysis considering all the impacts