Premium Essay

Tourism Development Feasibility Study

In:

Submitted By SchatzieGerero
Words 4230
Pages 17
CHAPTER I. INTRODUCTION

A snack bar usually refers to an inexpensive food counter that is part of a permanent structure where snack foods and light meals are sold. A beach snack bar is often a small building situated high on the sand. Besides soft drinks, candies and chewing gum, some snack bars sell hot dogs, hamburgers, french fries, potato chips, corn chips and other foods. While this is usually the case, sometimes "snack bar" refers to a small café or cafeteria. Various small, casual dining establishments might be referred to as a "snack bar," including a beverage and snack counter at a movie theater and/or a small deli. Many places that have snack bars have a "No Outside Food or Drink" policy, to encourage sales. The first known use of the word "snack bar" was in 1930.

A snack food or commonly called snack is seen in Western Culture as a type of food not meant to be eaten as a main meal of the day, unlike breakfast, lunch or dinner but rather a assuage/moderate a person’s hunger between these meals, providing brief supply of energy for the body. The term way also refers to a food item consumed between meals purely for the enjoyment of its taste. Snacks are terrific way to satisfy hunger and get all the vitamins and nutrients your body needs. For people who has hectic schedule on school, work, travelling and other activities, it may feel like there’s no time for healthy eating. When trying to stop eating, it’s probably tempting to go the quick and easy routes grabbing a burger and fries, potato chips, waffles or candy. But it is possible to treat a healthy snack. In fact having a hectic schedule, it’s even more important to eat healthy food that gives the fuel needed to keep going. The snack food to offer are vegetable mixes, different types of burgers, sandwiches, hotdogs, cheese dogs, popcorn, pizza, tacos, ice creams, candies,

Similar Documents

Premium Essay

Feasibility Analysis

...to determine whether or not the planned investment idea is feasible. The feasibility of an investment has to be considered with respect to several different aspects in order to determine whether the investment should be realized or not. Carrying out a feasibility analysis is therefore one of the most critical steps in the decision-making process. A feasibility analysis is an effective analytical tool that can be used to evaluate investments from various perspectives, e.g. technical, social, legal, financial, market, and organizational. Financial feasibility is often a predominant factor in feasibility analysis, as most investments are not realized if they do not generate profit for the project owners. The focus of this thesis is on financial feasibility analysis and its application in the decision-making process. Precision and reliability of feasibility analysis relies on the accuracy of information used in the analysis. The appropriate level of detail has to be decided with respect to what stage the investment is on. On early stages the level of uncertainty is often high, but as the investment opportunity evolves information become more detailed and reliable. As uncertainty can highly affect the results of the analysis, the level of detail has to be taken into account when basing decisions on the results. To assess the feasibility of investments relevant criteria have to be chosen. Feasibility calculations need to be done with care and the complexity of the calculations...

Words: 7292 - Pages: 30

Premium Essay

Feasibity Study

...ISSN: 1857 – 7881 (Print) e - ISSN 1857- 7431 MARKET ANALYSIS AND THE FEASIBILITY OF ESTABLISHING SMALL BUSINESSES Azzam Azmi Abou-Moghli, PhD Applied Science University Ghaith Mustafa Al-Abdallah, PhD Applied Science University Abstract This study aims to explore the nature of relation and effect between market analysis and feasibility of establishing small businesses operating in the services sector in Jordan. Four independent variables were identified to market analysis: location, demand, price and competitors. The study population consisted of (163) cases and the researchers used a close ended 42-item questionnaire, with a (83.43%) reliability coefficient, as per the Chronbach Alfa equation for collecting the primary data of the study. Furthermore, two types of analysis were employed: simple regression analysis and stepwise multiple analysis. The study made a number of conclusions, most important of which is: there is a statistically significant relationship between the location, demand, price and competitors and the feasibility of establishing small businesses. Keywords: Market Analysis, Feasibility Studies, Service Sector, Small Businesses, Jordan 1.0 Introduction Market analysis of businesses is deemed as scientific tool to obtain relevant information about the realities of the proposed market. This will benefit the investor in showing the business feasibility to be studied and its preference over alternative investment opportunities,...

Words: 6751 - Pages: 28

Premium Essay

Sustainable Tourism

...presents the studies which relates to the present and the background regarding the aspects of the research the information gathered. The study of Villoso (2007) which is “Casino Filipino: It’s impact to the Tourism Industry as perceived by the resident of Tagaytay City” aimed to determine the acceptability of Casino Filipino and its impacts to tourism industry as perceived by the residents of Tagaytay City. They find out the cultural, economic, and social impacts of Casino Filipino to the tourism industry as perceived by the residents of Tagaytay City. They used the descriptive form of method research to gather the needed information. They asked 150 residents of Tagaytay City. Questionnaire was used as the main tool in gathering needed information. In cultural impacts, the highest mean of score they got is in the preservation and restoration of heritage site, next is the acceptance of tourist values, revival of traditional arts and crafts. In economic impacts, the highest mean of score they got is in the better employment opportunities, next is the improved community infrastructure, and improvement of small businessess. Last is the social impacts, the residents respond by giving highest score in increasing public service, benefits to the residents, improved the communication skills is also considered. All of the three impacts as we can see is respectively agreed by the respondent. Coccossis (1996) asserts that sustainable tourism can be taken in...

Words: 491 - Pages: 2

Premium Essay

Sustainable Tourism in Tagaytay

...the studies which relates to the present and the background regarding the aspects of the research the information gathered. The study of Villoso (2007) which is “Casino Filipino: It’s impact to the Tourism Industry as perceived by the resident of Tagaytay City” aimed to determine the acceptability of Casino Filipino and its impacts to tourism industry as perceived by the residents of Tagaytay City. They find out the cultural, economic, and social impacts of Casino Filipino to the tourism industry as perceived by the residents of Tagaytay City. They used the descriptive form of method research to gather the needed information. They asked 150 residents of Tagaytay City. Questionnaire was used as the main tool in gathering needed information. In cultural impacts, the highest mean of score they got is in the preservation and restoration of heritage site, next is the acceptance of tourist values, revival of traditional arts and crafts. In economic impacts, the highest mean of score they got is in the better employment opportunities, next is the improved community infrastructure, and improvement of small businessess. Last is the social impacts, the residents respond by giving highest score in increasing public service, benefits to the residents, improved the communication skills is also considered. All of the three impacts as we can see is respectively agreed by the respondent. Coccossis (1996) asserts that sustainable tourism can be...

Words: 292 - Pages: 2

Free Essay

Tourism Management Week 6

...Chapter 15: Tourism Policy: Structure, Content, and Process Question 4. How would you identify and choose the stakeholders who should be involved in the formulation of a tourism policy for a region? Is there anyone whom you feel should be excluded from the process? Stakeholders should be identified and chosen based on a broad range of economic and social benefits such as employment and income. Employment and income are important because they allow stakeholders to reside in and to enjoy the quality of the region. Stakeholders include: Residents of the host destination Local/municipal/regional/provincial/national governments Local/regional/national environmental groups Local visitors/excursionists Remote visitors/tourists Tourism industry sectors such as accommodation, attractions, adventure and outdoor recreation, entertainment, events, food services, tourism visitor services, transportation, and travel trade Destination management organization (DMO) Culture/heritage groups Social/health/education groups I cannot think of anyone specific who should be excluded in the formation of tourism policy because it seeks to ensure that visitors are hosted in a way that maximizes the benefits to stakeholders while minimizing the negative effects, costs, and impacts associated with ensuring the success of a destination. Question 8. What are the most important interfaces of tourism policy; that is, which other sectors of the economy and society need to...

Words: 1574 - Pages: 7

Premium Essay

Tourism

...Economic impacts of Tourism Page # 1 Economic Impacts of Tourism Daniel J. Stynes Businesses and public organizations are increasingly interested in the economic impacts of tourism at national, state, and local levels. One regularly hears claims that tourism supports X jobs in an area or that a festival or special event generated Y million dollars in sales or income in a community. “Multiplier effects” are often cited to capture secondary effects of tourism spending and show the wide range of sectors in a community that may benefit from tourism. Tourism’s economic benefits are touted by the industry for a variety of reasons. Claims of tourism’s economic significance give the industry greater respect among the business community, public officials, and the public in general. This often translates into decisions or public policies that are favorable to tourism. Community support is important for tourism, as it is an activity that affects the entire community. Tourism businesses depend extensively on each other as well as on other businesses, government and residents of the local community. Economic benefits and costs of tourism reach virtually everyone in the region in one way or another. Economic impact analyses provide tangible estimates of these economic interdependencies and a better understanding of the role and importance of tourism in a region’s economy. Tourism activity also involves economic costs, including the direct costs incurred by tourism businesses, government...

Words: 11443 - Pages: 46

Premium Essay

Sustainable Tourism

...Sustainable tourism is one of the pre-requisites of achieving sustainable development. the concept of tourism with sustainability and development gets its historical inclusion from mass tourism that got flourished in 1960s due to advent of jet aircraft and the passions for tourism got tremendous following and it also reached Third World countries (Dann, 2002). It was also argued that this boost pushed organizations like World Bank and UN to examine the cost benefit analysis of tourism and it was acknowledged that potential costs of tourism are far lower than financial benefits in shape of balance pf payment surpluses, infrastructure development, and employment and foreign exchange gains. So that gave rise to the concept of sustainable tourism as one of the source of bringing sustainable development. According to the World’s Summit on Sustainable Development (2002), it is claimed that Tourism is the world’s largest industry where in 2000, 698 million people travelled internationally which 7.3 % more than 1999. Similarly the economic worth of international tourism was US$477.9 billion in 2000 (Papers4you.com, 2006). In terms of one concrete definition, literature suggests that it is not fixed and is ever evolving. However Coccossis (1996) asserts that sustainable tourism can be taken in four different interpretations that include” economic sustainability of tourism”, the “ecologically sustainable tourism”,” sustainable tourism development” with both focus of environment as...

Words: 598 - Pages: 3

Premium Essay

Doc, Docx, Pdf

...SYLLABUS Cambridge International AS and A Level Travel and Tourism 9395 For examination in June and November 2015 Cambridge Advanced Changes to syllabus for 2015 This syllabus has been updated, but there are no significant changes. Cambridge International Examinations retains the copyright on all its publications. Registered Centres are permitted to copy material from this booklet for their own internal use. However, we cannot give permission to Centres to photocopy any material that is acknowledged to a third party even for internal use within a Centre. ® IGCSE is the registered trademark of Cambridge International Examinations © Cambridge International Examinations 2013 Contents 1. Introduction .................................................................................................................... 2 1.1 1.2 1.3 1.4 1.5 Why choose Cambridge? Why choose Cambridge International AS and A Level? Why choose Cambridge International AS and A Level Travel and Tourism? Cambridge AICE (Advanced International Certificate of Education) Diploma How can I find out more? 2. Teacher support .............................................................................................................. 6 2.1 Support materials 2.2 Resource lists 2.3 Training 3. Assessment at a glance ................................................................................................. 7 4. Syllabus aims and assessment objectives.....................................................

Words: 19101 - Pages: 77

Premium Essay

Feasibility Analysis

...Ayakoz Assemova (20120382) Anastassiya Mun (20120226) Artur Guk (20111760) Anuar Gabdulkhair (20120789) Marzhan Zhenissova (20123497) Serikzhan Sadakbayev (20131206) Feasibility Analysis – Segway [pic] Q1. Why do you think Dean Kamen and his team didn’t do a better job of anticipating the problems that beset the Segway? Feasibility analysis is the preliminary evaluation of a business idea, conducted for the purpose of determining whether the idea is worth pursuing. Dean Kamen and his team didn’t do a better job of anticipating the problems that beset the Segway because: • They did not do the market research before they sell this product. Thus, only based on the technological success and innovation, they overestimated the sale for the product – problem of PART 2 – A) INDUSTRY ATTRACTIVENESS. • Rather than identifying niche markets to penetrate and build from, the company saw its product as a solution in all markets – problem of PART 2 – B) TARGET MARKET ATTRACTIVENESS. Solutions of how Segway would do a Better Job of anticipating the Problems that beset the Segway: • Avoid overhyping: When the super-secret project got big corporate names like Steve Jobs and Jeff Bezos to sign off, the hype machine went into overdrive. The inventors' secrecy, the prominence of the endorsements, and the beyond-bold claims that this new product—whatever it was—would revolutionize our lives of course combined to skyrocket expectations into the stratosphere...

Words: 2077 - Pages: 9

Premium Essay

Strategic Management

...MINALIN TOURISM: PROJECT FEASIBILITY STUDY INTRODUCTION AND RATIONALE In August 27, 2011, the Sta. Monica Parish Church of Minalin was publicly declared a National Cultural Treasure by the National Museum. Minalin took the initiative to promote the Church as an important tourism niche market for everyone to see and share its history and cultural significance. The rationale for this study is based on the idea to position Minalin as a tourism destination both for its cultural and eco-tourism attributes and to take advantage of the growing tourism industry. Being a 4th class Municipality, tourism can make an important contribution to its economic development. Tourism generally generates businesses and provides jobs of various types, help keep traditions alive and finance the protection of cultural and natural heritage. In its forecast Tourism: 2020 Vision, the World Tourism Organization (WTO) predicts that cultural tourism will be one of the five key tourism market segments in the future. The focus of this study is to make Minalin an attractive tourist destination in terms of developmental cooperation with the Department of Tourism through the Tourism Infrastructure and Enterprise Zone Authority (TIEZA). PROJECT OVERVIEW Development Concept The Cultural and Eco-Tourism development concept of the Municipality of Minalin rest on a variety of existing cultural focal points and the development of essential structures and exciting facilities. The goal is...

Words: 1339 - Pages: 6

Premium Essay

Feasibility Study

...WHY I’M PASSIONATE ABOUT REAL ESTATE? Return: In most of the markets real estate investments perform better than equities and other asset classes. In emerging markets probably you have to go for development projects, as rental yield is not very attractive. In most of the developed markets real estate has performed better than stock market over time. And by leveraging your investment you can increase your return on equity many folds. Cash flow component in return: This one of the best thing about real estate investments – it behaves like a fixed income security, and with better yield. Rental income makes real estate more attractive even during tough time and many investors love to focus on the cash flow.  Depreciation: You can’t depreciate your stocks, bonds and mutual funds. Depreciation is a gift from the government for real estate investors. Dampening of volatility in the portfolio: Real estate prices don’t fluctuate on daily basis. Fully optimized portfolios with real estate component in it have much lower volatility. Inflation hedge: real estate investments provide a good hedge against inflation. Rents usually increase with inflation, while mortgage payments on the property remain stable. This increases cash flow component. WHY SHOULD YOU NOT INVEST IN REAL ESTATE? Illiquid: Many a times real estate investments behave like illiquid assets. Generally it takes time to execute an actual exit, and liquidity can completely disappear from the market in tough times. Management...

Words: 1933 - Pages: 8

Premium Essay

Leader

...communities 7 Market analysis – What’s driving the need for BISC? 8 3.1 Market definition 8 3.2 Total market size 8 3.3 Market need 8 3.4 Estimated segment size 9 Using a product development process 10 Process application – Opportunity identification and selection 10 Concept generation 10 Concept/Project evaluation 10 Defining the product protocol 11 Conclusion 12 Recommendations 13 References 14 Executive Summary New product development in tourism companies has been a nearly ignored theme in tourism marketing. Research on product development has in major studies handled destinations, development of resorts or sites as a total tourist product. We will aim to identify the major problems as well as key phases of the new product development process in tourism. We will have the challenge to innovate more and more attractive activities to fulfil the customers’ needs for emotional experiences. The theoretical framework is based on the traditional product (and services) development theory, which suggests it to be a process of following stages: idea generation, service concept development and evaluation, business analysis, service development and testing, market testing, commercialisation and post introduction evaluation. We will evaluate the usefulness of the traditional product development model in the direction of creating a service to give adventurous experiences to tourists. INTRODUCTION The service concept, the core product is built on an idea of e.g. hard...

Words: 3187 - Pages: 13

Free Essay

Promoting Hong Kong as the “City of Life” and Persuading the Visitors from Mainland China to Visit Hong Kong

...Executive Summary We are glad to be of services to the Hong Kong Tourism Board (HKTB) - formerly known as Hong Kong Tourism Association, in presenting this consulting report on promoting Hong Kong as the “City of Life” and persuading the visitors from Mainland China to visit Hong Kong In this report, we will base on the two-year major promotional tourism campaign “City of Life: Hong Kong is it!” which launched by the Hong Kong Tourism Board (HKTB) in April 2001 to showcase to visitors from Mainland China the most interesting and attractive aspects of Hong Kong. We will also contribute ideas on tourism promotion for this campaign to persuade the visitors from Mainland China to visit Hong Kong. Four districts will be covered in this report that included Kowloon, Hong Kong Island, New Territories and the Outlying Islands. Besides, the most popular attractions in Hong Kong such as Shopping, Dinning and Sightseeing will also be particularly focused in this report. Furthermore, negative aspects of Hong Kong will also be specially highlighted. In the final part of this report, a special issue on Quality Tourism Services (QTS) that plays an important role in the tourism industry will also be discussed. Lastly, conclusion and the recommendations for the Hong Kong Tourism Board (HKTB) to further improvement will be included in this report 1 Introduction 1.1 The Hong Kong Tourism Tourism plays an essential role in Hong Kong’s economy. To further promote Hong Kong...

Words: 2847 - Pages: 12

Free Essay

Exploring Business Opportunities

...Exploring Business Opportunities Assignment -Ramachandran T, Section A, PGBE Batch 17, EDI 1. How will you identify viable business opportunities? Describe in detail steps involved in the process. The existing business opportunities can be identified through the following steps: Step 1: Preparation of personal profile Step 2: Development of Opportunity selection(OS) Framework Step3: Generation of ideas Step 4: Snap investigation of ideas Step 5: Evaluating in terms of OS framework and shortlisting of ideas Step 6: Pre-feasibility studies Step 7: Opportunity Selection Preparation of personal profile: Personal profile describes the basic details of the person such as his education, work experience, his area of interest and personality. It is also necessary that the individual highlights his objectives of establishing the enterprise, his current investment preparedness, level of risk taking attitude and his personal considerations. Development of OS Framework: The development of OS framework mentions the following: * Investment * Technological Sophistication * Managerial / Organizational Needs * Market and competition * Sector Preference * Govt. Intervention/ dependence * Implementation time * Profitability * Degree of risk and its form * Location * Personal Considerations * Taboos/Religious sentiments * Life Style – Trader in Agra * Relative Importance of Money – Restaurant in Ahmedabad * Amenability...

Words: 2428 - Pages: 10

Free Essay

Ecotourism

...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...

Words: 29944 - Pages: 120