...BETTER FUNDING FOR STATE TOURISM ORGANIZATIONS An almost universal problem for state tourism organizations is the scarcity of funding. Budgets are tight with so many social and other problems plaguing the states. Also, there is some reluctance to fund the tourism promotion organization by those who feel mistakenly that it is mainly the tourist businesses that profit from the industry rather than the population in general. Competition for state funds by other agencies is intense and, as a rule, the tourism people do not as good as lobbying as other interest groups. In order to do something at this regard, the Governor appointed a 40-member tourism task force to investigate ways in which tourism promotion could be accomplished in a more adequate manner. The task force has come up with the following plan: they recommend that the state legislature establish a “tourism marketing order” to raise funds from assessments the industry makes upon itself about the way in which each business should contribute to funding. Businesses that would be assessed include transportation companies, travel agencies, cruise lines, rental car companies, accommodations, attractions, recreation facilities, restaurants, retail outlets, factory outlets, and bars/drinking places. All funds raised would be used for state-wide tourism promotion. In order to implement this plan, the state legislature must first authorize a statewide referendum that would be conducted by the industry among its members to...
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...Tourism BETTER FUNDING FOR STATE TOURISM ORGANIZATIONS An almost universal problem for state tourism organizations is the scarcity of funding. Budgets are tight with so many social and other problems plaguing the states. Also, there is some reluctance to fund the tourism promotion organization by those who feel mistakenly that it is mainly the tourist businesses that profit from the industry rather than the population in general. Competition for state funds by other agencies is intense and, as a rule, the tourism people do not as good as lobbying as other interest groups. In order to do something at this regard, the Governor appointed a 40-member tourism task force to investigate ways in which tourism promotion could be accomplished in a more adequate manner. The task force has come up with the following plan: they recommend that the state legislature establish a “tourism marketing order” to raise funds from assessments the industry makes upon itself about the way in which each business should contribute to funding. Businesses that would be assessed include transportation companies, travel agencies, cruise lines, rental car companies, accommodations, attractions, recreation facilities, restaurants, retail outlets, factory outlets, and bars/drinking places. All funds raised would be used for state-wide tourism promotion. In order to implement this plan, the state legislature must first authorize a statewide referendum that would be conducted by the industry among...
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...BETTER FUNDING FOR STATE TOURISM ORGANIZATIONS An almost universal problem for state tourism organizations is the scarcity of funding. Budgets are tight with so many social and other problems plaguing the states. Also, there is some reluctance to fund the tourism promotion organization by those who feel mistakenly that it is mainly the tourist businesses that profit from the industry rather than the population in general. Competition for state funds by other agencies is intense and, as a rule, the tourism people do not as good as lobbying as other interest groups. In order to do something at this regard, the Governor appointed a 40-member tourism task force to investigate ways in which tourism promotion could be accomplished in a more adequate manner. The task force has come up with the following plan: they recommend that the state legislature establish a “tourism marketing order” to raise funds from assessments the industry makes upon itself about the way in which each business should contribute to funding. Businesses that would be assessed include transportation companies, travel agencies, cruise lines, rental car companies, accommodations, attractions, recreation facilities, restaurants, retail outlets, factory outlets, and bars/drinking places. All funds raised would be used for state-wide tourism promotion. In order to implement this plan, the state legislature must first authorize a statewide referendum that would be conducted by the industry among its members to...
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...helped me for the successful completion of our first assignment for the module of finance and funds for travel and tourism. Firstly I would like to thank our parents, who were always there for me, standing by my side and giving me tremendous support and encouragement which really boosted me in making this report a success. I also would like to great thanks to our Module lecturer, name for guiding me throughout this report and giving me endless support which really helped me through the completion of this report. And lastly, I would also like to thank all our friends, the lab assistants for enabling me to use the computer laboratories, and the library assistants for helping us in some way or other in helping me to make a successful completion of this report. Thanking you…………………………. TABLE OF CONTENT 1. Introduction 2 2. Interpret financial accounts 4 3. cost-volume profit analysis 8 4. Management accounting information 16 5. Sources and funds in travel and tourism 21 6. Conclusion 26 7. References 27 INTRODUCTION / ABSTRACT AIMS AND OBJECTIVES Finance is a very important part of travel and tourism organizations. Financing in the travel and tourism business is a major vital factor in the travel and tourism business. With the use of the proper finances, the business can provide what are the things actually required....
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...music… • Attending a school theater performance where the audience is made up of your neighbors, other parents, and arts patrons who don’t have children in that production but have come to experience that night’s show… • Our region will be considered a premier destination by cultural tourists… • Attending an arts or cultural event, knowing that all of our arts and cultural institutions are financially healthy and will continue to grow and thrive… • Being proud of the arts and cultural programs that you, your family and children attend together right in your neighborhood, produced by an arts group that has grown up and been supported by your community… • Major, smaller, and emerging arts and cultural organizations will thrive in a healthy economic, legislative and community support environment… • Having immediate access to arts and cultural groups’ schedules so you never have to wonder what to do or where to go, because there will always be more choices than you can...
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...Ecotourism Investment and Development Models: Donors, NGOs and Private Entrepreneurs Susan Heher smh53@cornell.edu Johnson Graduate School of Management School of Hotel Administration Cornell University December 2003 -1- 1. 1. INTRODUCTION OVERVIEW OF SUSTAINABLE TOURISM AND ECOTOURISM 3 7 7 8 12 15 17 17 20 22 26 27 29 31 32 33 34 36 37 39 39 42 46 55 58 61 64 70 75 77 79 81 SUSTAINABLE TOURISM AND ECOTOURISM COMMUNITY BASED ECOTOURISM THE SCALE OF ECOTOURISM MARKET DEMAND 2. DEVELOPMENT ASSISTANCE FROM DONORS AND AID AGENCIES THE RISE OF DEVELOPMENT ASSISTANCE FOR SUSTAINABLE TOURISM PROJECTS OVERVIEW OF TYPES OF DEVELOPMENT INSTITUTIONS AND ASSISTANCE GOALS AND OBJECTIVES OF DEVELOPMENT AGENCIES AND NGOS THE ROLE OF CONSULTANTS THE PROJECT PROCESS: ANALYSIS AND EVALUATION CONCLUSIONS 3. PRIVATE SECTOR ENTREPRENEURS AND DEVELOPERS PROFILE OF ECOTOURISM ENTREPRENEURS SOURCES OF FINANCING AND CAPITAL STRUCTURE GROWTH, PROFITABILITY AND SUSTAINABILITY: THE ABILITY TO HAVE AN IMPACT CONCLUSIONS 4. 5. HYBRID: NGO VENTURE CAPITAL CASE STUDIES A. INTER-AMERICAN DEVELOPMENT BANK, IADB B. US AGENCY FOR INTERNATIONAL DEVELOPMENT, USAID C. WORLD BANK: LESOTHO D. THE EUROPEAN UNION: SWAZILAND E. WORLD BANK IN SWAZILAND F. THE NATURE CONSERVANCY, TNC G. CONSERVATION INTERNATIONAL, CI H. CONSERVATION CORPORATION AFRICA, CC AFRICA I. TURTLE ISLAND J. MAHO BAY K. KRUGER NATIONAL PARK, MALULEKE COMMUNITY AND MATSWANI SAFARIS 6. CONCLUSION -2- 1. Introduction...
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...Why Should Government Support the Arts? State governments today face monumental challenges: record-breaking budget shortfalls, rising unemployment, widespread home foreclosures and escalating needs for public assistance. States are wrestling with these immediate pressures while also trying to address long-term concerns about education, economic competitiveness and health care. All the while, public managers and elected officials must uphold the principles that taxpayers expect: thrift, accountability, equity and transparency. In this environment, all areas of spending—including the arts—are under increased scrutiny. Lawmakers may question whether government has a legitimate role to play in the arts or may ask why the arts should receive funds when so many other needs are pressing. We encourage you to welcome dialogue about these issues. The 40-year history of state arts agencies proves that when policymakers understand how the arts benefit government and citizens, they find a way to continue support, even during hard financial times. We hope that this document will help bring those benefits to the foreground and help your state answer common questions about government’s role in arts support. Designed for public arts leaders and advocates to excerpt and adapt, this material can be used to support your state’s case for the arts. Select the points that are most relevant in your situation. Quote the research. Add your own examples, and consider the tips and ideas included...
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...European Tourism Law (New policy) Table of contents Introduction I. Tourism in Europe a. Employment and growth i. Factors of growth b. Problems facing tourism ii. New destination iii. Environmental destruction II. Lisbon Treaty III. European Travel commison c. Members d. President e. Activities IV. Renewed European tourism policy. f. Mainstreaming measures affecting tourism iv. Financing g. Promotion of sustainable tourism h. Improving understanding and visibility of tourism V. Conclusion Webliography Appendix Introduction Tourism overview Tourism is a sector that is growing rapidly in European Union is as well a key sector in the European economy. The European Union recognizes the potential of tourism to generate employment and growth. The variety of attractions and quality of its tourism services made of Europe the world leading tourist destination. Tourism is therefore an activity which can play an important role in the economic sector in Europe. The EU tourism industry generates more than 5% of the EU GDP, with about 1,8 million enterprises employing around 5,2% of the total labour force (approximately 9,7 million jobs). When related sectors are taken into account, the estimated contribution of tourism to GDP creation is much higher: tourism indirectly generates more than 10% of the European Union's GDP and provides...
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...Sustainability Research Sustainability is of increasing significance for businesses, communities, and national economies around the globe. Sustainability addresses economic, environmental, and social issues, but it also incorporates cultural dimensions. In the face of globalisation, societies seek to preserve their cultural values and community identity, while still participating in the global economy. In New Zealand the importance of sustainability issues has been recognised by central and local government policies, environmental and economic development agencies, and business leaders. Two of the active business groups focusing on these issues are the New Zealand Business Council for Sustainable Development (NZBCSD) and the Sustainable Business Network (SBN). Waikato Management School is working in partnership with both of these key business groups on sustainability projects and events. The aim of these initiatives is to develop and share insights on sustainable economic development and sustainable enterprise success. The Waikato Management School is distinctive in its commitment ‘to inspire the world with fresh understandings of sustainable success’. These fresh understandings will be achieved through our high quality research that can influence policy makers, excellent teaching, through the knowledge and values our graduates take into the workforce, through our continued consulting with business and the outstanding experiences offered to everyone who connects...
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...Ministry of Trade and Industry Republic of Trinidad and Tobago Commonwealth Secretariat SMALL STATES IN TRANSITION – FROM VULNERABILITY TO COMPETITIVENESS “BEST PRACTICE CASE STUDIES IN TOURISM” Ms. Helen Williams H. Williams & Associates Dr. Dorothy I. Riddle, CMC Service-Growth Consultants Inc. Vancouver, Canada Port of Spain, Trinidad & Tobago – January 2004 1. Overview Because tourism is the world’s largest industry – responsible for more than one in ten jobs globally and contributing over eight percent of domestic economic activity – developing countries are targeting tourism to generate more income for their national economy. In order to be successful, each country needs to formulate a tourism strategy that identifies and justifies its strategic objectives, priorities, and targets. Small States are particularly challenged because they are more dependent on external trade while having fewer domestic resources on which to draw. For this project1, six Small States representing different geographic regions and stages of development were chosen for an examination of best practices and lessons learned in developing a national or regional tourism strategy: the Bahamas, Botswana, Bulgaria, The Gambia, Trinidad & Tobago, and Vanuatu. A tourism best practice is an innovative policy, strategy, programme, process, or practice that is shown to produce superior results. Country Type of Best Practice Example of Best Practice The Bahamas ...
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...resource-assets for tourism development. These resource-assets has great tourism application that can generate community-based livelihood and employment opportunities. The sociocultural resources include the traditional communities, archaeological and historical sites, festivals, indigenous arts and crafts, cuisine, myths and legends, as well as folklores and oral history. These resource-assets represent the country's heritage that is reflective of the region's identity. Promotions of socio-cultural resources for tourism purposes will require an extensive and meticulous evaluation because of the possible "over-exposures" that these cultural assets will have to withstand. Socio-cultural evaluation identifies the tourism potentials of these resource-assets with relevance to the environmental and cultural settings of the host communities. It also identifies the existing and perceived impacts of tourism to these socio-cultural assets and to devise appropriate mitigative measures and management plans to protect and better enhance cultural heritage for tourism development. The need to promote the cultural heritage of the Central Luzon region in the tourism industry should be balanced with the need to preserve and conserve the sociocultural integrity of these resources. The implications of tourism to the cultural heritage of the region must be evaluated so that appropriate measures to protect its integrity are put in place. Proper application of tourism may be one of the...
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...The Tourism Industry in Iraq Development. It was prepared by the joint venture partnership of The Louis Berger Group / The Services Group under Contract # 267-C-00-04-00435-00 The Tourism Industry in Iraq IZDIHAR— USAID Contract #267-C-00-04-00435-00 International Economic Consulting April 17, 2006 The Tourism Industry in Iraq DISCLAIMER The author’s views expressed in this publication do not necessarily reflect the views of the United States Agency for International Development or the United States Government. The IRAQ IZDIHAR project is funded by the United States Agency for International Development (USAID) and implemented by the joint venture partnership of: THE Louis Berger Group, INC. Engineers Planners Scientists Economists THE SERVICES GROUP The Tourism Industry in Iraq IZDIHAR— USAID Contract #267-C-00-04-00435-00 Table of Contents i TABLE OF CONTENTS I. Executive Summary...........................................................................1 II. Tourism: A Global and Regional Perspective...................................3 A. Profile of the Global Tourism Industry................................................................................3 1. Key Trends in Tourism...........................................................................................3 a. Long haul trips on the rise.........................................................................4 b. Safety and security: a growing concern..........
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...regard, we recall that governance is 111 primarily concerned with two inter-related issues. These are (a) existence of societal institutions for managing social relations; and (b) the degree of independence enjoyed by each institution in the performance of its assigned duties. Hence, the state of institutions along these two dimensions determines the quality of governance. Herein lies the desirability of assessing the current state of institutional setting in which ODSEEDS would be designed and implemented. For the purpose of our discussion, we have identified three major groups of stakeholders around which institutions could be appraised. These groups comprise (a) the government (public sector), (b) business (private sector); and (c) civil society (the people). These are the three primary partners (3PP) in the development process of any nation. The characteristic of each partner group in Ondo State are highlighted briefly as follows: 17.1 The Public Sector Ondo State has a seasoned executive arm of government, a legacy it inherited from the early 60s. The state’s civil service is blessed with competent technocrats and is expected to serve as the engine room of state administration. At the political level, the return to representative political system in 1999 has enhanced popular participation in state’s public policy process, especially in the choice of their preferred political leaders. The scope and effectiveness of this participation has been strengthened...
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... 3.6.1. Start-up funding 4 3.6.2. Start-up requirement 4 3. Marketing analyse summary 5 4.6. Marketing segmentation 5 4.7. Competition 6 4.8.3. Competitors strengths 6 4.8.4. Competitors weakness 7 4.8. Closely related competitor 7 4. Strategy 8 5.9. SWOT analyse 8 5.10. Marketing mix 8 5.11. Sales strategy 9 5.12.5. Sales forecast 9 5.12. Milestones 10 5.13. Technology 10 5. Financial plan 12 6.14. Pro forma cash flow 12 6.15. Pro forma profit & loss 13 Appendix 15 Reference 18 1. Executive summary The company Medica tours Ltd. was established for the performance of the organization of tourist visits for medical purposes. The main activity is providing services for travel, accommodation and activities related to health care. Services include: contact with selected health care organizations, organizing transport, accommodation and additional tourist activities. Their services exclusively performed in accordance with business partners such as dental clinics, medical clinics, clinics for cosmetic surgery, etc. The founder Zrinka Vrdoljak is also the acting CEO of the company. The company sees an opportunity in the great interest of tourists in Croatia. Croatia is currently one of the top destinations for travel organizations. Medical tourism market is at its very beginning...
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...of globalization towards tourism and hospitality industry in order to construct wider understanding of its negative and positive impacts. Globalization, as a meaning of its term, clearly stated the understanding of product or service market involving two or more countries to serve the worldwide market outside their local networks. It may be referred as the highest commercial development for any company internationally (Teare, Boer 1993, 194). Product trading and media communication, which makes information as a trade good are the division of two main principal or concept in order for a company to further spread their trading power towards utilizing globalization benefits. Globalization is mostly involved by Mega Corporation, multinational and the consumer themselves. Under the economic perspectives, it clearly shows that globalization referred to the increasing of market interdependent and production in two or more countries through trading in goods or service (Teare, Boer 1993, 194). As the trade radius become international, globalization gives an increase of labor workforce- in which international division of labor is achieved by the fragmentation of international production chain, as well as the political trend toward a more liberal economic order. Local companies that used to control some percentage in domestic market are now being saturated and limited as international competitions and development of local area are rapidly changing to give better market development. This...
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