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Lesson 3 Tourism Development

This document outlines the steps in evaluating tourism development projects. It discusses the relationship between tourism planning and development, the roles of government and private sectors, and a 7-step system for project evaluation and analysis. The 7 steps include prefeasibility study, site analysis, market analysis, economic feasibility analysis, cost/benefit analysis, analyzing government financial incentives, and examining private sector financing options. Together these steps provide guidelines for comprehensively developing and assessing tourism projects.

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Daniel Ventura
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7K views

Lesson 3 Tourism Development

This document outlines the steps in evaluating tourism development projects. It discusses the relationship between tourism planning and development, the roles of government and private sectors, and a 7-step system for project evaluation and analysis. The 7 steps include prefeasibility study, site analysis, market analysis, economic feasibility analysis, cost/benefit analysis, analyzing government financial incentives, and examining private sector financing options. Together these steps provide guidelines for comprehensively developing and assessing tourism projects.

Uploaded by

Daniel Ventura
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Lesson 3: Tourism

Development
 The Relation Between Tourism Planning and
Tourism Development
- The tourism-development plan, on the other
hand, provides overall guidelines for
development, outlines broad development
concepts and identifies individual
development opportunities worthy of in-
depth analysis through feasibility studies and
cost/benefit analysis.
 The Roles of the Government and the Private Sector in Tourism
development
- Private sectors its principal role is to provide tourism facilities and
services to the traveling public while maximizing financial returns.
It also provides a large proportion of the capital funds for
investment in tourism projects through its financial institutions,
corporate leaders and individual citizens. Private organizations also
play an important role in tourism development in many
destinations. These organizations include chambers of commerce,
travel associations, foundations, historical and cultural societies,
recreation and sports association religious groups, and the like.
They operate attraction such as historical/cultural centers,
museums, art galleries recreation and community.
Steps in the Tourism Project
Evaluation and Analysis System

 The seven steps in the tourism project evaluation and


analysis system are:
1. Prefeasibility Study
2. Site Analysis
3. Market Analysis
4. Economic Feasibility Analysis
5. Cost/benefit Analysis
6. Government Financial Incentives in Tourism
Development
7. Private Sector Financing for Tourism Development
1. Prefeasibility Study
- Determines the justification of a more
detailed economic feasibility study of a
project and the subjects which the detailed
study should tackle.
2. Site Analysis
- A large proportion of tourism-related projects
require physical site-location. An economic
feasibility study can either specify a site or
determine if any appropriate site exists
within a geographic area.
3. Market Analysis
- The market analysis usually begins with the
collection and review of secondary sources of
information since it gives a clear picture of
the type and scope of original market
research needed.
4. Economic Feasibility Analysis
- The economic feasibility analysis determines
the capability of a project in producing
satisfactory financial return for its investors.
5. Cost/Benefit Analysis
- Commercial projects found to be
economically feasible may or may not have
to be further analyzed using the cost/benefit
analysis techniques. Cost/benefit analyses are
usually carried out by or on behalf of
government agencies.
6. Role of Government Financial Incentives in
Tourism Development
- Government financial incentives for tourism
projects are classified into two categories namely:
fiscal incentives, and direct and indirect
incentives. Fiscal incentives are special
allowances for income tax and other tax purpose.
Direct and indirect incentives include several
programs aimed at easing the financial
requirements of tourism projects.
7. Private Sector Financing for Tourism
Development
- Private sector is to provide tourism facilities
and services to the tourism and at the same
time maximize profits. The role of the public
sector is to complement the efforts of the
private sector. The public sector stimulates the
development of individual tourism projects
through several types of financial incentives.

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