Economic Advantages of the Tourism Samples †MyAssignmenthelp.com

Question: Discuss about the Economic Advantages of the Tourism. Answer: Introduction Revitalization means giving a new life or taking it to the new level. It also means regenerate or redevelopment an economy. Revitalization of the economy is the social well-being of society, development of the strategies for the development of society. Clipper Bay is a town which is small and also located at the tip-point of peninsular. Clipper Bay is located near the sea and the people living in the town are the fishermen. In the particular assignment the researcher discussed about various facts and data related to the wellbeing of the particular region. The chief planner has developed the plan in which the cost associated with mining industry or cost incurred towards tourism will be take into account and the benefit or incomes come from this industry will be measured to find the real income earned by these industries. Both socio-economic factors are considered in this project by the analyst for better understanding of the project. Formation and Execution of the Plan Before formulating a plan various analyses will be done by the chief planner for the revitalization of the economy of the town. On the basis of the analysis, the goals of the plan will be decided and various steps will be taken to achieve these goals. The environment all over the country is dynamic and apart from the clipper bay whole country is busy in modernizing and developing the structures. For the revitalizing of the clipper bay some of the decision will be taken by the chief planner which is as follows: Organizing all the Parties in the town: For redevelopment in the town, all the parties affected the town or being affected from the business of the town will take part at a common place and decide the well-being of the town (Mangum, 2013). Begin to define the problem: It is one of the most important factors which prevent the town from growing. Every one describes its own problem but it is necessary to find the right problem which affects the whole town. Prepare a list of all economic development resources: Most of the countries in the world have organizations related to the economic development of the country. Prepare a list of all the development resources available in the town and how can we use these resources with proper utilization (Moves, et. al., 2010). In the town of 5000 population, the main business of living is fishing and there is the industry of fishing because the main income generated from the town is from the sale of fishes. But the other industry in the town is tourism. Clipper Bay is situated at the tip-point of peninsular and it is near to the sea and tourists came to visit this place because of the beauty of this place. There are also limestone caves and in the current market, the value of limestone is high. The local government of clipper bay granted a budget of $50 million for the redevelopment of the economy and the redevelopment can be made by increasing the number of industries in the area by sanction the permission for mining of limestone or provide assistance towards tourism so that the income generation of the town will increase. There are various approaches to support the revitalization of the economy of the town first is CBA. It is also referred to as BCA. The full form of CBA is Cost-Benefits Analysis while on the other hand BCA referred to as Benefits Costs Analysis. It is a systematic approach towards estimating the strengths and weakness of alternatives selected for the benefit of the industry. It is a process by which various business decisions are economically analyzed. The benefit from the business actions is summed and the cost associated with the business transactions are subtracted from the benefits. It is also useful to find the cost and benefits of a certain town. (Blanke and Chiesa, 2013). Another approach for the revitalization is Return on investment (ROI). Return on investment is the benefit received from the investment made by the investor towards any particular resource. ROI evaluates the amount of return on an investment related to the cost of investment. The formula for determining the Return on Investment is Operating Income is divided by the Average investment made by the investor. In the town, clipper bay the local government granted $50 million towards revitalization of the town so the chief planner has to decide in which areas or in which industry he can invest the money for the more return. The investment in the tourism is less as compared to the mining and it can generate good income if it attracts the tourists. On the other side, the mining industry requires more investment because the area covered by the mining industry is very huge. The main disadvantage of investing the mining industry is that it cannot easily generate the income and mining industry r equires more time to generate income. So the chief planner has to give more focus towards tourism and less focus towards mining industry (Blanke and Chiesa, 2013). The chief planner has to select the one industry which will give more benefit and not harm the fisherman. The Tourism will affect less as compared to the mining industry and the tourism industry will be selected for the revitalization of the town. The society of the clipper bay mostly includes the fishermen. There are three generations of fishermen living in the town. The first one is come as settlers and started up the town and they started the business of the fishing. They were the original fisherman in that town. They have children who carried on the same business done by their elders. The second generations gave birth to the children and the third generation also works as a fisherman. So the livelihood of the people living in the town comes from the fishing business. When developing a plan for increasing the tourism in that area the chief planner has to decide whether his action will affect the livelihood of the people (Blanke and Chiesa, 2013). The development of road across the hills will generate more income as the number of tourists will also increase. Economic Advantages of the tourism Economic Advantages of the tourism are as follows: Employment Opportunities: If the tourism in the town increases than it can generate employment opportunities for the people living in the town. Those people who are not interested in doing the business of fishing can make living by doing the different jobs offered by the town (Murphy, 2013). Different Job apart from the above will be available like tourist or hotel manager, hotel staff etc. Infrastructure Development: If the number of tourist visits the place every year, then the infrastructure facilities will also develop. Clipper Bay has only two roads one is developed but the other road across the hills is less developed. If the tourist came to the town then the roads will be developed by the local government, communication facilities will be increased in that area. Transport facilities will also improve in the town. Introduction of new Technology: new technology will be introduced in the town to attract the tourist to visits the place. The budget sanctioned by the local government will be used in buying more new and advance technology which will also develop the town (Murphy, 2013). Earnings through the Foreign Exchange: Tourist places in the town attract a number of foreign tourists. This helps the town to earn foreign exchange. The foreign money will come in town and it will increase the value of the place. Growth of Economy: Tourism can be a segment or part of development of countrys economy as well as of the town. The GDP of the country will also increase if the number of tourist visits the place increases (Chaperon and Bramwell, 2013). It also assists thelocal residents of the town toearn their livelihood by selling their local products to the tourist and the various employment opportunities are available to the local residents. The foreign tourists spend luxuriously at the time of vacation. The local residents of the town engaged in helping the foreign tourists earn a good profit and income by selling their products at a high price. Potential Economic Disadvantages of increase in tourism sector Potential Economic Disadvantages from the developing tourism in the area are as follows: Marginal Employment: the employment opportunities given to the local people are not for the high post and the jobs offers to the people in the town is menial services or low skill jobs etc. Low benefits: if the tourist is not visiting the place then there is no job security to the people working in the offices. No other benefits will be given to the employees like medical facilities, etc (Butler, 2014). Development of illegal economic activities: The markets of drugs increase where tourists visit most. There is also a chance of increasing the number of illegal activities in that area. Hunting of endangered species is also an illegal activity. Huge Expenditure: A huge amount of cash and money is required by the foreign tourists for the tourism purpose.It involves a huge amount of money for hotel, food, hiring charges of vehicle and rent of the resorts, etc. These overall expenses raise the average expenditure of the particular individual (Ardahaey, 2011). Socio-cultural advantages in developing the Clipper Bays tourism Socio-cultural advantages in developing the Clipper Bays tourism are as follows: Exchange of Culture:Tourism plays a vital role of catalyst between the various people and their various cultures. Tourism can also be seen as the source through which two individual can meet to each other that are having their own entire different culture and religion. It acts as an opportunity to construct a bridge of respect for each other in their hearts. In the clipper bay, their culture will attract the tourist and the people of different cultures meet and exchange their views on different things. Meeting new people from different countries:It helps the local residents and individuals to get in touch with the people and country of the foreign tourists. The new type of people or generations will be introduced with the medium of tourism (Turner, 2010). Development of Health Care Services: If the number of tourists increases in that area than it will develop the health care services in the town. Hospitals and medical centers will be opened in the town to cure the diseases (Stewart, 2010). Socio-cultural disadvantages in developing tourism in the clipper bay Some of the Socio-cultural disadvantages in developing tourism are as follows: Unrealistic Expectations: the young talents or brighter futures of the society diverted from their vision by the tourism and it will affect their lives. Anti-democratic collusion: the government only supports that industry which will give benefits to the government and because of this the life of the local people of the town affected from this. Damaging the Socio-cultural influences: Tourism may havedamaging socio-cultural influences. Local residents and individuals engaged themselves to earn more to earn livelihood or imitate new lifestyles, foreign culture as well as alien culture and it will endanger their local culture. Potential Environmental Advantages in developing tourism are as follows: Environmental Protection: The people living in the area only taken a small part of the town and the remaining part are covered from the forests. So the various signboards will be implemented all over the town for the preservation of nature and forest (Lpez-Guzmn, 2011). Urban Cleanliness: The development of tourism in the area will help in cleaning the town and several steps will be taken towards the cleanliness of the town. Development of wildlife sanctuaries: The large part of the town is covered by the forest. In order to attract the tourist, a wildlife sanctuaries will be opened in the town so they can attract the tourist to visits the place and pay for it (Bramwell, 2011). Environmental Disadvantages from developing tourism Environmental Disadvantages from developing tourism are as follows: Deforestation: For attracting more and more tourists and earn more income, expansive resorts are constructed byclearing a thousands of casuarinas treesbesides the sea beaches and it will also lead to the soil erosion (Bramwell and Lane, 2011). Damage to wildlife: Wildlife is the most affected and influenced segment in all these conditions. Habitats for the food of animal impaired and the health of the wild animals will be affected and some of the species will endanger from the growth of the tourism in that area. The local architecture will affect: Big and heavy resorts destroy both of the scenic beauties of the local site by not paying any attention on the ecology and local architecture and the livelihood of the fishermen is also affected and there might be a chance of their historical business will stop from increasing tourism (Hall and Page, 2014). Conclusion The chief planner has to decide how to revitalize the economy of the town. Several methods are described in the above essay for the revitalization of the town. Tourism is taken as a preferred industry for the revitalization of the economy of the town. Tourism has its advantages and its disadvantages but if the several measures have taken towards mitigating the disadvantages then it can be a vital step towards the development of the economy of the town. References Ardahaey, F. T. (2011). Economic impacts of tourism industry.International Journal of Business and Management,6(8), 206. Blanke, J., Chiesa, T. (2013). The travel tourism competitiveness report 2013. InThe World Economic Forum. Blauw, J. (2010). Neighborhood revitalization and the social mobility of underprivileged residents (research proposal).NICIS Institute, Den Haag. Bramwell, B. (2011). Governance, the state and sustainable tourism: A political economy approach.Journal of Sustainable Tourism,19(4-5), 459-477. Bramwell, B., Lane, B. (2011). Critical research on the governance of tourism and sustainability.Journal of Sustainable Tourism,19(4-5), 411-421. Butler, R. (2014). Rural Recreatiqn And Tqurism.The geography of rural change, 211. Castagnola, A. Swallows can return home. Chaperon, S., Bramwell, B. (2013). Dependency and agency in peripheral tourism development.Annals of tourism research,40, 132-154. Hall, C. M., Page, S. J. (2014).The geography of tourism and recreation: Environment, place and space. Routledge. Lpez-Guzmn, T., Snchez-Caizares, S., Pavn, V. (2011). Community-based tourism in developing countries: a case study.Tourismos,6(1). Mangum, B. A. (2013).A case study on redevelopment in downtown Baltimore, and strategies for downtown urban revitalization(Doctoral dissertation). Moves, F., Coalition, E. Set, B.D. (2010). Decisions, Decisions, Decisions. Murphy, P. E. (2013).Tourism: A community approach (RLE Tourism). Routledge. Stewart, E. J., Tivy, A., Howell, S. E. L., Dawson, J., Draper, D. (2010). Cruise tourism and sea ice in Canada's Hudson Bay region.Arctic, 57-66. Turner, K. L. (2010). Community perspectives on bioeconomic development: Eco-cultural tourism in Hartley Bay, British Columbia.