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Finance in Hospitality

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TASK 1
1.1 SOURCES OF FUNDING AVAILABLE TO BUSINESS AND SERVICES INDUSTRIES

There are many ways the Hong Kong government can fund the theme park. The Hong Kong SAR Government offers many different types of loans and funding schemes to support and promote the development of businesses (SMEs) in Hong Kong. The government makes investment through tax proceeds by applying economic systems. Another way of funding is to investment from general public borrowing. Advantage from the general public borrowing, the expansions of tax deductible that will deliver tax deductibility benefit to them. The community will get an ownership facility.
The Innovation and Technology Fund (ITF), administered by the Innovation and Technology Commission, aims to increase the added value, productivity and competitiveness of our economic activities.

1.2 EVALUATE THE CONTRIBUTION MADE BY A RANGE OF METHODS OF GENERATING INCOME WITHIN A GIVEN BUSINESSE AND SERVICES ENVIRONMENT

There are lots of opportunities to generate income from the theme park. The revenue can be generated from patronage, goods, sponsorship from the outside promoters and enterprise charges.
 Sponsorship and parking fees
 Admission fees
 Games/rides
 Merchandise
 Food and beverage
 Shopping areas
 Hotels
 Convention areas
The theme parks usually have a direct revenue generating (e.g. the admission to the rides and attractions) and indirect revenue generating (e.g. restaurants, retail stores, picnic areas etc).
Theme parks can generate more income by developing on-site accommodation. For the industry to attract more customers stay more days at the park to enhance theme park. Experience by accommodating customers on-site. Also, on-site accommodation will be an effective way to attract conferences and corporate business to the park.
Selling seasonality ticket, selling school break pass will attract

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