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Hotel Feasibility Study

Hotel Feasibility Study



|Views: 39,955|Likes:
Published by Jaguars007
This was done as my final year project for my 4 yr BHM degree Programme
This was done as my final year project for my 4 yr BHM degree Programme

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Published by: Jaguars007 on Jan 30, 2009
Copyright:Attribution Non-commercial


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“Tourism” is the totality of the relationship and phenomenon arising from traveland stay strangers the stay does not imply the establishment of a residence and connectedwith remunerated activity.
In creating better appreciation of other people’s ways of the life and institution, tourismmay create goodwill for a country. Each year many tourist travel to participate inparticular events ranging from congress to corona tings; their visits also affordopportunities to improve co-operation as well as project the correct image of a country tothe out side world.Politics, society, education, and culture thus often provide motivations for tourist to travelaway from home, they influence tourism and tourism in turn has an influence on them.These factors also help explain participation in tourism generally as we have seen. Anevaluation of the significance of tourism may be extending to such aspects as organizedsport and religion.The main economic significance of tourism-that money earned in places of normalresidence is spent in places visited-is common to all tourism, whether domestic or
2international. Each year vast sums are transferred from the economy from whom it isearned, to economies in receiving areas where they provide a source of income, a meansof livelihood, and amenities for the resident population.The outstanding economic effect of tourism lies in the purchasing to spend at a muchbigger rate than when they are at home. The flow of money generated by touristexpenditure finds its way into the overall economy of the tourist destination, as themoney is turned over and re-spent. But international tourist expenditure introduces anadditional aspect of economic significance, as countries, which have separate politicaland economic entities, have to balance their transactions with the rest of the world.International tourism, therefore, enters into the balance of payments accounts of individual countries and ease of major significance in international trade. For countries,which generate tourist traffic, it represents an import, in much the same way, as theimport of merchandise. Globally tourism countries are a major item in world trade, whichhas shown a much faster rate of growth in recent years than trade in goods.Tourism is evaluated mainly in terms of its economic significance, but reference is madealso to its role as source of other, less quantifiable, benefits and to some of the problemswhich tourism presents to individual destinations.When traveling away from home, tourists come in contact with places they visit and withtheir inhabitance, and so social exchanges take place. Their presence and their socialbackground affects the social structure and mode of life at the destination. Tourists are in
3turn affected by the experiences and often carry back home with them new habits andnew outlook on life.Tourism has an educational significance. In the wider sense it has the altogetherbeneficial effect which contact between people of different races and nationalities canbring about. In a narrow sense much tourist activity takes the form of study trips andattendance at courses and conferences with specified educational aims in view.Tourism is often accompanied by cultural exchange and by cultural enrichment of thosewho travel as well as those at the receiving end. The cultural factors that may attracttourists to a particular destination are architecture, historical monuments and birthplacesof famous people. These are some of the places most visited by the tourists. Festivals andexhibition rely heavily to visitor traffic as their audience.
Tourism can be classified into:
Tourists visit places for
recreational purposes
. Such tourists spots are usuallyhill stations, beaches etc, such tourists like to get away from the daily grind of lifeand freshen themselves.
Such type of tourist satisfies the cultural curiosity of the tourist. Such tourist spotsinclude ancient monuments, places of historical and religious importance etc.

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