II_,,_, ~---- a:l -~
|
|
- Leo Norman
- 5 years ago
- Views:
Transcription
1 Introduction Chapter Introduction Hospitality industry is one of the main income generators in Sri Lanka for decades. Tourism de~~~?pn;ent is being promoted by the government since it provides employment, foreign exchange and builds the national economy. Right now the tourism is a major player in the economy contributing directly and indirectly to around 2% of its estimated US$18 billion gross domestic product (GOP) according to the Annual Report of Central Bank of Emergence of Tourism in Sri Lanka Tourism in Sri Lanka was first sanctioned by the British in 1930 when a policy of tourism development was implemented. From 1946 to 1958, tourism increased followed by a decline as the result of a change of government policy I JE. 4ooooo -n-,..., -=-n II_,,_, ~---- a:l -~ H <( I--I I--I I--I Rl R> " (1. ~ _b,. ~ _v, (\ to P.> ~~ R)<:s R)<:l R)<:l R)<:l R)"' R)\:5 R)'::J- R)<:l R)c:J R)cs ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ Year Figure I. 1 Tourist Arrivals to Sri Lanka from (Source: to stop tourist promotion. In the late 1980's, a new policy for tourism development was adopted, resulting a notable growth through the early 1980' s. However after 1983 tourism declined substantially due to civil disturbances. This decline continued until 1989 when peace and order began to improve. Figure 1.1 shows the tourist arrivals from 1999 to There was 1
2 an uphill trend of tourist arrival shows till However, it decreases in 2005 due to most awful and tragedy of Tsunami. Though the Indian Ocean Tsunami of December 26, 2004, has laid bare this very characteristic of the tourism industry in Sri Lanka present positive tourism outlook shows that Sri Lanka is on track for return back to its income generation l< ~ _, ~.\ ~'-,<.. ~<;\ ~"... <S- ~<..' -... ~.... ' \~... ~c; :.oe; (pe; :.0"" :.0"" ~v ~..~ ~7> "?' ~ '1... ~~ i'' iy ~~ ~~ ~ ~ ~ 0 ~ ~ ~ ~ ~ ~ Figure 1.2 Tourist Arrivals 2009 and 2010 (Source: Sri Lankan Tourist Board Statistics- Figure 1.2 shows the tourist arrivals in 2009 and the first two months of the After winning the peace to the country tourist arrivals has increased significantly and therefore the blooming of the hotel industry can be seen. To provide better service improved infrastructure is needed. 1.3 Refurbishment of Hotels Refurbishments of hotels are generally carried out once in five to ten years (Langdon and Everest, 2002). That can be a major or minor refurbishment depending upon the market they are looking at. Most of the hotels in coastal belt of Sri Lanka have undergone refurbishment after the tragedic event of tsunami in
3 1.3.1 The Difference from Other Projects Unlike other development projects, delaying of hotel refurbishment projects create problems, which sometimes end up by losing the market share and customer loyalty. Typical construction delays can be prevented to some extent, but loss of customer' s loyalty is not reversible. Also unlike in other refurbishment projects the business location cannot be shifted to another place. Other issue is the huge compensation to be paid 1o the guests as well as tour operators Trends Driving Refurbishment of Hotels Major refurbishment can have a dramatic effect on the performance of a hotel. Refurbishment projects can be arranged in the occupied buildings as well as nonoccupied buildings. Although hoteliers typically keep tight control of their expenditure on properties, regular refurbishment is a necessity to maintain customer loyalty, room rate and market share (Langdon and Everest, 2002). Guest room refurbishment schemes fit into two broad categories, depending on the extent of work, refreshment and remodeling/re-branding. Major refurbishment adds value to the hotel as well as brings dramatic effect on the performance of the hotel. Usually refurbishment of hotels increases its turnover and profitability by more than 80% (Langdon and Everest,2002). There are three key areas in which hotels are responding to these changing expectations: room size, room aesthetics and room quality. Guest room refurbishment is required every five to seven years (Langdon and Everest,2002) and involves adding new element to rooms to ensure that the hotel is competitive within its market. Typical scope of works includes: Redecoration Replacement of furniture Minor work to improve ease of operation, such as changing door sizes to accommodate large room service trolleys. 3
4 Remodeling or re-branding of hotels aims to move the hotels into a different market sector, including room rates and overall yield. Such a refurbishment involves major works on guest floors, including: Creating new guest rooms from redundant space Replacement of bathrooms and services Changing room layout and sizes Adding comport co.o.liqg _ Introducing new guest facilities, including IT and room entertainment Complete replacement offinishes, furniture, fittings and equipment Hotel refurbishments projects present additional opportunities for tax relief For an example works incidental to the installation of plant and machinery can be included in a capital allowances claim relating to an existing building Tax Relief and Hotel Refurbishment When a hotel property is in beneficial use and is generating revenue, the costs of repair, maintenance and replacement works can usually be wholly deducted as a revenue expenses, reducing taxable profits. Work that can be treated like those includes structural repairs, redecoration and replacement of sanitary fittings, ceilings, etc. The portion of profit invested in the refurbishment is not accountable for taxation. Therefore rather than paying taxes, hotel owners go for refurbishment. 1.4 Success in Hotel Refurbishment Projects Successful hotel refurbishment depends on using specialists at all stages, ie., from designers to subcontractors. Consultants need to understand the client' s objectives and aesthetic expectations and be able to identify solutions that can achieve within a tight budget. Contractors need an understanding of how hotels operate, access to specialist supply chain and the ability to work effectively on phased projects in occupied buildings. Above all, the client, project team and General Manager of the hotel have to create team ethos aimed at completing the project on time and within the budget. 4
5 1.5 Research Problem Despite sharp drop in profitability over the past years, hotel operators continue to invest heavily in refurbishment of hotels not only coastal line but also in other areas in Sri Lanka. However, most of the refurbishment works getting delayed causing considerable amount of losses to the hotel owners as well as to the contractors (Langdon and Everest, 2002). Delays in construction proj.ect~ have become a major concern of many participants because these delays lead to construction disputes and claims. There are number of reasons that contribute towards delaying a construction project. Construction delays are disruptive and expensive causing severe economic losses. Unlike other development projects, delaying of hotel refurbishment projects create problems, which sometimes end up by losing the share market and customer loyalty. Typical construction delays can be prevented to some extent, but loss of customer' s loyalty is not reversible. In the long run, with the settlement of terrorist problem, the government is expecting a boom in tourism. During the last two and half decades most of the hotels in the island have not been maintained up to the standards due to very poor turnover of tourists. However, owners have plans to bring fresh investments significantly to the hotel industry and cater to increasing number of local and foreign tourists. Addressing the issue of refurbishment is an utmost important area in order to upgrade the hotel industry. Various parties namely clients, consultants and contractors are involved in the hotel refurbishment projects. Therefore, identification of the principal delaying factors and their affects are crucial in reducing the completion costs, maintaining the customer loyalty and ultimately to achieve a higher growth rate in the industry. 1.6 Aim of the Study This research is conducted to find out delaying causes for hotel refurbishment projects in Sri Lanka by focusing on actions and inactions of project participants, which delay refurbishment projects. Identification of critical factors would help improvement in the efficiency and productivity of hotel 5
6 refurbishment projects. The finding of this research may lead to a better implementation ofthe Sri Lankan hotel refurbishment projects. 1.7 Research Objectives Objective ofthis research is to Identify the causes which affect delaying of hotel refurbishment projects Select critical causes and Jelative importance towards delaying the project Find out the eliminating methods of critical causes 1.8 Significance of the Study Hotel industry is one of the major contributors of the income to the country. During the closure ofthe hotel for refurbishment, it definitely loses its revenue as well as cost incurred in paying their staff. If refurbishments take additional time, which will affects seriously loosing income as well as regular customers. There is no previous study properly done and published to identify causes affecting the delaying of hotel refurbishment projects in Sri Lanka. Therefore analyzing of the delaying causes for hotel refurbishment project is vital to address these issues and to protect the hotel industry. 1.9 Scope of the Study Analysis of data and research findings are only concentration on refurbishment projects in hotel industry. This study will not focus on general delays of projects in the construction industry as well as this research will not cover all provinces in Sri Lanka especially in North and East provinces. The references were taken only from the project participants, who prepare to comment with their professional judgment. In this study, affecting causes for the delaying refurbishment projects will be generalized and delaying causes pertinent to city hotels, resorts or boutiques refurbishments will not be separately considered. Construction of new hotels or maintenance of existing hotels will not consider under this research and it should consider under different regime. 6
2013/14 Pre-Budget Submission Accommodation Association of Australia
2013/14 Pre-Budget Submission Accommodation Association of Australia Accommodation Association of Australia Principal Contact Mr Richard Munro Chief Executive Officer Phone: +61 2 8666 9015 EXECUTIVE SUMMARY
More informationPre-Budget Submission
2018-19 Pre-Budget Submission Accommodation Association of Australia Principal Contact Mr Richard Munro Chief Executive Officer Phone: +61 2 8666 9015 EXECUTIVE SUMMARY The accommodation industry supports
More informationThe Economic Impact of Tourism in North Carolina. Tourism Satellite Account Calendar Year 2015
The Economic Impact of Tourism in North Carolina Tourism Satellite Account Calendar Year 2015 Key results 2 Total tourism demand tallied $28.3 billion in 2015, expanding 3.6%. This marks another new high
More informationCompustat. Data Navigator. White Paper: Lodging Industry-Specific Data
Compustat Data Navigator White Paper: Lodging Industry-Specific Data November 2008 Data Navigator: Lodging Industry-Specific Data There are several important lodging metrics to that are unavailable on
More informationEast West Rail Consortium
East West Rail Consortium EWR Wider Economic Case: Refresh 18 th November 2015 Rupert Dyer Rail Expertise Ltd Rail Expertise Ltd. Tel: 01543 493533 Email: info@railexpertise.co.uk 1 Introduction 1.1 The
More informationThe Economic Impact of Tourism on Scarborough District 2014
The Economic Impact of Tourism on Scarborough District 2014 Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH CONTENTS 1. Summary of Results 1 2. Table of
More informationPutting Museums on the Tourist Itinerary: Museums and Tour Operators in Partnership making the most out of Tourism
1 of 5 ICME papers 2002 Putting Museums on the Tourist Itinerary: Museums and Tour Operators in Partnership making the most out of Tourism By Clare Mateke Livingstone Museum, P O Box 60498, Livingstone,
More informationThe Economic Impact of Tourism in Maryland. Tourism Satellite Account Calendar Year 2015
The Economic Impact of Tourism in Maryland Tourism Satellite Account Calendar Year 2015 MD tourism economy reaches new peaks The Maryland visitor economy continued to grow in 2015; tourism industry sales
More informationGold Coast: Modelled Future PIA Queensland Awards for Planning Excellence 2014 Nomination under Cutting Edge Research category
Gold Coast: Modelled Future PIA Queensland Awards for Planning Excellence 2014 Nomination under Cutting Edge Research category Jointly nominated by SGS Economics and Planning and City of Gold Coast August
More informationBumpy Skies. Report - October 2002
Report - October 2002 Bumpy Skies In this report on New York's air transport industry, the Center illustrates that JFK and LaGuardia fared worse than most U.S. airports in the year after September 11th
More informationEconomic Impact of Tourism in South Dakota, December 2017
Economic Impact of Tourism in South Dakota, 2017 December 2017 1) Key findings 1) Growth continues in 2017 but pales against the event driven years of 2015 and 2016 in South Dakota Key facts about South
More informationTourism Satellite Account Calendar Year 2010
The Economic Impact of Tourism in Georgia Tourism Satellite Account Calendar Year 2010 Highlights The Georgia visitor economy rebounded in 2010, recovering 98% of the losses experienced during the recession
More informationProduced by: Destination Research Sergi Jarques, Director
Produced by: Destination Research Sergi Jarques, Director Economic Impact of Tourism Oxfordshire - 2015 Economic Impact of Tourism Headline Figures Oxfordshire - 2015 Total number of trips (day & staying)
More informationEconomic Impact of Tourism in South Dakota, December 2018
Economic Impact of Tourism in South Dakota, 2018 December 2018 1) Key Findings Growth rebounds in 2018 as a strong hunting season drives tourism growth Key facts about South Dakota s tourism sector Key
More informationFor franchisees, do brand benefits outweigh the costs?
For franchisees, do brand benefits outweigh the costs? hotelmanagement.net/franchising/for-franchisees-do-brand-benefits-outweigh-costs Photo credit: maxsattana//getty Images Do hotel brands still provide
More informationThe Economic Impact of Tourism in North Carolina. Tourism Satellite Account Calendar Year 2013
The Economic Impact of Tourism in North Carolina Tourism Satellite Account Calendar Year 2013 Key results 2 Total tourism demand tallied $26 billion in 2013, expanding 3.9%. This marks another new high
More informationVALUE OF TOURISM. Trends from
VALUE OF TOURISM Trends from 2005-2015 March 2017 TABLE OF CONTENTS 1. Overview... 2 Key highlights in 2015... 2 2. Contributions to the economy... 4 TOURISM REVENUE... 5 Total revenue... 5 Tourism revenue
More informationTOURISM AS AN ECONOMIC ENGINE FOR GREATER PHILADELPHIA
TOURISM AS AN ECONOMIC ENGINE FOR GREATER PHILADELPHIA 2015 Visitation and Economic Impact Report FINAL REPORT SUBMITTED TO: VISIT PHILADELPHIA 30 S. 17 th St, Suite 2010 Philadelphia, PA 19103 FINAL REPORT
More informationMENA HOTEL MARKET REVIEW MUSCAT OMAN 2018
MENA HOTEL MARKET REVIEW MUSCAT OMAN 2018 www.trimideast.com 1 OMR (billion) MENA HOTEL MARKET REVIEW MUSCAT OMAN 2018 OMAN ECONOMIC OVERVIEW Oman s economy continues to be heavily reliant on hydrocarbons,
More informationThe Economic Impact of Tourism on Calderdale Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH
The Economic Impact of Tourism on Calderdale 2015 Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH CONTENTS 1. Summary of Results 1 2. Table of Results Table
More informationLand area 1.73 million km 2 Queensland population (as at 31 December 2017) Brisbane population* (preliminary estimate as at 30 June 2017)
Queensland - 11 Queensland OVERVIEW Queensland is nearly five times the size of Japan, seven times the size of Great Britain, and two and a half times the size of Texas. Queensland is Australia s second
More informationLand area 1.73 million km 2 Queensland population (as at December 2016) Brisbane population* (preliminary estimate as at 30 June 2016)
Queensland - 11 Queensland OVERVIEW Queensland is nearly five times the size of Japan, seven times the size of Great Britain, and two and a half times the size of Texas. Queensland is Australia s second
More informationAir Routes as Economic Development Levers. John D. Kasarda, PhD
Routes News October 2008 Air Routes as Economic Development Levers John D. Kasarda, PhD In his influential recent book, The World Is Flat, Thomas Friedman makes it clear that an increasingly fast-paced,
More informationIsraeli-Egyptian Trade: In-Depth Analysis
Israeli-Egyptian Trade: In-Depth Analysis YITZHAK GAL BADER ROCK MIDDLE EAST Contents Israeli-Egyptian Economic Relations 3 Israel s Trade With Egypt 6 Egypt s Trade With Israel in Context 10 The Israeli-Egyptian
More informationECONOMIC REFORMS AND THEIR IMPACT ON CIVIL AVIATION. CIVIL AVIATION - AN ECONOMIC CATALYST. WIDER SPIN-OFF BENEFITS.
ECONOMIC REFORMS AND THEIR IMPACT ON CIVIL AVIATION ECONOMIC REFORMS AND THEIR IMPACT ON CIVIL AVIATION. CIVIL AVIATION - AN ECONOMIC CATALYST. WIDER SPIN-OFF BENEFITS. CHAPTER - 4 ECONOMIC REFORMS AND
More information48 Oct-15. Nov-15. Travel is expected to grow over the coming 6 months; at a slower rate
Analysis provided by TRAVEL TRENDS INDE OCTOBER 2016 CTI shows travel grew in October 2016. LTI predicts easing travel growth through the first four months of 2017, with some momentum sustained by domestic
More informationTourism as an Economic Pillar. Mary Vrolijk 25 September 2015
Tourism as an Economic Pillar Mary Vrolijk 25 September 2015 Tourism Trends. Tourism: a key role player in economies. Spinoff effects: Job creation, New small and medium enterprises(sme s), Country competiveness,
More informationACI EUROPE ECONOMICS REPORT This report is sponsored by
ACI EUROPE ECONOMICS REPORT 2009 This report is sponsored by Copyright ACI EUROPE 2010 This document is published by ACI EUROPE for information purposes. It may copied in whole or in part, provided that
More informationComparative Approach of Romania-Croatia in Terms of Touristic Services
Comparative Approach of - in Terms of Touristic Services Popovici Norina Ovidius University of Constanta, Faculty of Economic Sciences norinapopovici@yahoo.com Moraru Camelia "Dimitrie Cantemir" Christian
More information5th UNWTO Asia-Pacific Executive Training Program T. Sooriyagoda Director- Planning and Development Sri Lanka Tourism Development Authority
5th UNWTO Asia-Pacific Executive Training Program T. Sooriyagoda Director- Planning and Development Sri Lanka Tourism Development Authority Ancient Heritage Introduction The year 2010 was a significant
More informationAuckland International Airport FY19 Interim Results: Positive start to year as airport progresses anchor infrastructure projects
Media Release 22 February 2019 Auckland International Airport FY19 Interim Results: Positive start to year as airport progresses anchor infrastructure projects Auckland Airport today announced its financial
More informationAIR TRANSPORT MARKET ANALYSIS APRIL 2011
AIR TRANSPORT MARKET ANALYSIS APRIL 2011 KEY POINTS From this month we provide an assessment of global scheduled air transport markets, adding domestic to international, and including both IATA and non-iata
More informationCaravan rentals sustained by continued staycation trend 2016
Caravan rentals sustained by continued staycation trend 2016 Leisure caravan hire sustained by continued staycation trend Figures from the 2015 Great Britain Tourism Survey (GBTS)1 and statistics published
More informationThe Economic Impact of Tourism Brighton & Hove Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH
The Economic Impact of Tourism Brighton & Hove 2013 Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH CONTENTS 1. Summary of Results 1 1.1 Introduction 1 1.2
More informationDEVELOPING AIR LINKAGES TO SUSTAIN TOURISM AMONG THE OIC MEMBER STATES
Standing Committee for Economic and Commercial Cooperation of the Organization of Islamic Cooperation (COMCEC) DEVELOPING AIR LINKAGES TO SUSTAIN TOURISM AMONG THE OIC MEMBER STATES COMCEC COORDINATION
More informationIceland. Tourism in the economy. Tourism governance and funding
Iceland Tourism in the economy Tourism has been among the fastest-growing industries in Iceland in recent years and has established itself as the third pillar of the Icelandic economy. Domestic demand
More informationSeeking a world class marriage between aero nautical and non aero nautical revenue
Dan Cappell VP non aero nautical revenue & business development ADAC Seeking a world class marriage between aero Hosted by 2008 / 09 most challenging period global economies have ever faced. Some economists
More informationSweden. Tourism in the economy. Tourism governance and funding
Sweden Tourism in the economy In 2014 Sweden s GDP was SEK 3 907 billion. Tourism s share of GDP is 2.8%, and has been growing steadily for the last ten years and is an important contributor to the economy
More informationIntroduction 3. Accommodation 4. Ireland Market 5. Activity Providers, Attractions, Retail and Transport 6. Overseas Market Performance 7.
Contents Page No: Introduction 3 Accommodation 4 Ireland Market 5 Activity Providers, Attractions, Retail and Transport 6 Overseas Market Performance 7 Prospects 8 Factors Impacting on Performance 9 Operational
More informationIntroduction 3. Accommodation 4. Ireland Market 5. Activity Providers, Attractions, Retail, Restaurants and Transport 6. Overseas Market Performance 7
Wave 2 September Contents Page No: Introduction Accommodation 4 Ireland Market 5 Activity Providers, Attractions, Retail, Restaurants and Transport 6 Overseas Market Performance 7 Prospects 8 Factors Impacting
More informationThe Economic Impact of Tourism Brighton & Hove Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH
The Economic Impact of Tourism Brighton & Hove 2014 Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH CONTENTS 1. Summary of Results 1 1.1 Introduction 1 1.2
More informationIsrael. Tourism in the economy. Tourism governance and funding
Israel Tourism in the economy Tourism accounts directly for 2.8% of Israel s GDP and about 3.5% of total employment. The combined total of direct and indirect tourism jobs is estimated at 230 000, representing
More informationIreland. Tourism in the economy. Tourism governance and funding
Ireland Tourism in the economy Tourism is one of Ireland s most important economic sectors and has significant potential to play a further role in Ireland s economic renewal. In 2014, spending by visitors
More information2014/15 Pre-Budget Submission Accommodation Association of Australia
2014/15 Pre-Budget Submission Accommodation Association of Australia Accommodation Association of Australia Principal Contact Mr Richard Munro Chief Executive Officer Phone: +61 2 8666 9015 EXECUTIVE SUMMARY
More informationQuarterly Report Egypt Hotels Q Egypt Quarterly Review & Forecast 4 Key Cities
Quarterly Report Egypt Hotels Q1 2016 Egypt Quarterly Review & Forecast 4 Key Cities Contents Cairo... 3 Sharm El Sheikh... 4 Hurghada... 5 Alexandria... 6 2 Cairo SUPPLY Forthcoming pipeline in Cairo
More informationPanama City Beach Travel Market Economic Impact Report. Prepared for: Panama City Beach Convention & Visitors Bureau
Panama City Beach 2016 Travel Market Economic Impact Report Presented by: Berkeley Young, President Young Strategies, Inc. Data Analysis: Larry D. Gustke, PhD Steve Morse, PhD Prepared for: Panama City
More informationThe Civil Aviation Sector as a Driver for Economic Growth in Egypt
The Civil Aviation Sector as a Driver for Economic Growth in Egypt EDSCA Conference Cairo, November 10, 2013 Agenda 1. Facts and figures 2. Socio-economic impact of the civil aviation sector 3. Options
More informationUnited Kingdom: Tourism Market Insights 2017
United Kingdom: Tourism Market Insights 2017 Overview This tourism report provides an outlook on key market insights on a global, national and provincial scale for the United Kingdom (UK). In addition,
More informationThe Economic Impact of Tourism in Buncombe County, North Carolina
The Economic Impact of Tourism in Buncombe County, North Carolina 2017 Analysis September 2018 Introduction and definitions This study measures the economic impact of tourism in Buncombe County, North
More informationProduced by: Destination Research Sergi Jarques, Director
Produced by: Destination Research Sergi Jarques, Director Economic Impact of Tourism Oxfordshire - 2016 Economic Impact of Tourism Headline Figures Oxfordshire - 2016 number of trips (day & staying) 27,592,106
More informationNew Tourism Strategic Plan Northern Territory
New Tourism Strategic Plan Northern Territory Submission of Accommodation Association of Australia, 2012 EXECUTIVE SUMMARY Without it being overly detrimental to existing tourism accommodation businesses,
More informationProduced by: Destination Research Sergi Jarques, Director
Produced by: Destination Research Sergi Jarques, Director Economic Impact of Tourism North Norfolk District - 2016 Contents Page Summary Results 2 Contextual analysis 4 Volume of Tourism 7 Staying Visitors
More informationProduced by: Destination Research Sergi Jarques, Director
Produced by: Destination Research Sergi Jarques, Director Economic Impact of Tourism Norfolk - 2016 Contents Page Summary Results 2 Contextual analysis 4 Volume of Tourism 7 Staying Visitors - Accommodation
More informationThe Travel and Tourism Industry in Vermont. A Benchmark Study of the Economic Impact of Visitor Expenditures on the Vermont Economy 2005
The Travel and Tourism Industry in Vermont A Benchmark Study of the Economic Impact of Visitor Expenditures on the Vermont Economy 2005 INTRODUCTION GENERAL November, 2006 This 2005 update of the original
More informationThe Travel & Tourism Industry in Vermont
The Travel & Tourism Industry in Vermont A Benchmark Study of the Economic Impact of Visitor Expenditures on the Vermont Economy 2003 Prepared by: Introduction In 2003 Establishing clear and useful performance
More informationQuarterly Report Doha Hotels Q Doha Q Review. Hotel Market
Quarterly Report Doha Hotels Q2 2016 Doha Q2 2016 Review Hotel Market Doha SUPPLY Doha saw an influx of 538 hotel keys in Q2 2016. The most recent openings included properties such as the Moevenpick Al
More informationTHE 2006 ECONOMIC IMPACT OF TRAVEL & TOURISM IN INDIANA
THE 2006 ECONOMIC IMPACT OF TRAVEL & TOURISM IN INDIANA A Comprehensive Analysis Prepared by: In Partnership with: PREPARED FOR: Carrie Lambert Marketing Director Indiana Office of Tourism Development
More informationProduced by: Destination Research Sergi Jarques, Director
Produced by: Destination Research Sergi Jarques, Director Economic Impact of Tourism Epping Forest - 2014 Economic Impact of Tourism Headline Figures Epping Forest - 2014 Total number of trips (day & staying)
More informationThe Economic Impact of Tourism on the District of Thanet 2011
The Economic Impact of Tourism on the District of Thanet 2011 Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH CONTENTS 1. Summary of Results 1 2. Table of
More informationFor personal use only
TRUST CHAIRMAN S AND REEF HOTEL CASINO CEO s ADDRESS TO THE ANNUAL GENERAL MEETING 25 MAY 2015 Chairman s address Firstly, I would like to again welcome all unit holders and observers to the Reef Casino
More informationTOURISM AFTER THE TERRORISM IN SRI-LANKA
TOURISM AFTER THE TERRORISM IN SRI-LANKA M. B. M.Amjath Dean, Faculty of Management & Commerce South Eastern University of Sri-Lanka Oluvil, Sri-Lanka. E-mail: amjathmb@seu.ac.lk ABSTRACT Sustainable development
More informationHow much did the airline industry recover since September 11, 2001?
Catalogue no. 51F0009XIE Research Paper How much did the airline industry recover since September 11, 2001? by Robert Masse Transportation Division Main Building, Room 1506, Ottawa, K1A 0T6 Telephone:
More informationDelhi Airport Metro Express A Case of Public Private Partnership Project
1 Delhi Airport Metro Express A Case of Public Private Partnership Project Surya Raj Acharya, PhD Visiting Professor Institute of Engineering, Tribhuvan University, Kathmandu 20 Feb 2017 Contents 2 1.
More informationSubmission to. Southland District Council on. Draft Stewart Island/Rakiura Visitor Levy Policy and Bylaw
Submission to Southland District Council on Draft Stewart Island/Rakiura Visitor Levy Policy and Bylaw Date: 9 November 2018 Tourism Industry Aotearoa (TIA) welcomes the opportunity to comment on Southland
More informationMid-Atlantic Tourism in 2030: Growth, Evolution and Challenges
Mid-Atlantic Tourism in 2030: Growth, Evolution and Challenges Geoff Lacher, Ph.D. Senior Economist, Tourism Economics DISCUSSION PAPER Dr. Geoff Lacher has been with Tourism Economics since June 2015,
More informationThe Economic Impact of Tourism on Oxfordshire Estimates for 2014
The Economic Impact of Tourism on Oxfordshire Estimates for 2014 County and District Results August 2015 Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH
More informationMar-16. Apr-16. Travel is expected to grow over the coming 6 months; at a slower rate
Analysis provided by TRAVEL TRENDS INDE MARCH 2017 CTI reading of.8 in March 2017 shows that travel to and within the U.S. grew by 3.6% from March 2016 to March 2017. LTI predicts overall positive travel
More informationMAINFREIGHT LIMITED FULL YEAR RESULT TO MARCH 2017
MAINFREIGHT LIMITED FULL YEAR RESULT TO MARCH 2017 Result Summary NET SURPLUS Net surplus after tax and before abnormal items up 17.0% to $103.2 million REVENUE EBITDA Revenue up 2.1% to $2.33 billion
More informationHow does my local economy function? What would the economic consequences of a project or action be?
June 5th,2012 Client: City of Cortez Shane Hale Report Prepared for SBDC Ft. Lewis Report Prepared by Donna K. Graves Information Services Executive Summary - At the request of Joe Keck at the Small Business
More informationJan-18. Dec-17. Travel is expected to grow over the coming 6 months; at a slower rate
Analysis provided by TRAVEL TRENDS INDEX DECEMBER 2018 CTI reading of 51.8 in December 2018 indicates that travel to or within the U.S. grew 3.6% in December 2018 compared to December 2017. LTI predicts
More informationEuropean Commission Directorate-General for Competition State aid Registry 1049 Bruxelles / Brussels BELGIQUE / BELGIE Fax:
To: European Commission Directorate-General for Competition State aid Registry 1049 Bruxelles / Brussels BELGIQUE / BELGIE Fax: +32 22961242 The Malta Hotels and Restaurants Association (MHRA) would like
More informationSubmitted Electronically to the Federal erulemaking Portal:
121 North Henry Street Alexandria, VA 22314-2903 T: 703 739 9543 F: 703 739 9488 arsa@arsa.org www.arsa.org May 9, 2011 Docket Operations, M-30 U.S. Department of Transportation 1200 New Jersey Avenue,
More information1. FORECAST VISITATION FOR GREAT OCEAN ROAD
1. FORECAST VISITATION FOR GREAT OCEAN ROAD 1.1. INTRODUCTION This section provides a 20-year forecast of visitation to the Great Ocean Road Region, modelled from Australian Tourism Forecast Committee
More informationChina Tourism Industry Report, Aug. 2011
China Tourism Industry Report, 2011 Aug. 2011 This report Analyzes the operation of China tourism industry and market segments. Focuses on the travel agencies and hotels in China. Highlights the key enterprises
More informationRichard V. Butler, Ph.D. and Mary E. Stefl, Ph.D., Trinity University HIGHLIGHTS
This study was prepared by Richard V. Butler, Ph.D. and Mary E. Stefl, Ph.D., Trinity University HIGHLIGHTS In 2017, the economic impact of San Antonio s Hospitality Industry was $15.2 billion. The San
More informationAustralia & New Zealand
Strategy Management Consultancy Australia & New Zealand Regional Analysis k n o w l e d g e c e n t e r 2017 linesight.com/knowledge Contents Australia Australia Market Review 3 Macro indicators 4 Australia
More informationCommissioned by: Economic Impact of Tourism. Stevenage Results. Produced by: Destination Research
Commissioned by: Produced by: Destination Research www.destinationresearch.co.uk December 2016 Contents Page Introduction and Contextual Analysis 3 Headline Figures 5 Volume of Tourism 7 Staying Visitors
More informationsdrftsdfsdfsdfsdw Comment on the draft WA State Aviation Strategy
sdrftsdfsdfsdfsdw Comment on the draft WA State Aviation Strategy 1 P a g e 2 P a g e Tourism Council WA Comment on the Draft WA State Aviation Strategy Introduction Tourism Council WA supports the overall
More informationEconomic Impact of Tourism. Hertfordshire Results. Commissioned by: Visit Herts. Produced by:
Commissioned by: Visit Herts Produced by: Destination Research www.destinationresearch.co.uk December 2016 Contents Page Introduction and Contextual Analysis 3 Headline Figures 5 Volume of Tourism 7 Staying
More informationThe tourism value of the natural environment and outdoor activities in
The tourism value of the natural environment and outdoor activities in the South West Produced on behalf of the South West Coast Path Association By The South West Research Company Ltd January 2016 1 Contents
More informationMALTA TOURISM DEVELOPMENT PROCESS FROM 1950s
MALTA TOURISM DEVELOPMENT PROCESS FROM 1950s The development of tourism in Malta took off in the late 1950s. Prior to this the Maltese economy was geared towards providing services to the British military
More informationMAKE BOGNOR REGIS BETTER FOR BUSINESS Bognor Regis. VOTE FOR Better Business in Bognor Regis
2018-2023 MAKE BOGNOR REGIS BETTER FOR BUSINESS A Proposal for a Business Improvement District in Bognor Regis Town Centre Bognor Regis TOWN CENTRE MANAGEMENT VOTE FOR Better Business in Bognor Regis 1
More informationAviation Data and Analysis Seminar February Economics of Airports and Air Navigation Services Providers
Aviation Data and Analysis Seminar 20-23 February 2017 Economics of Airports and Air Navigation Services Providers 250 7000 6000 200 5000 150 4000 Growth of air transport World recession SARS Freight Tonne
More informationSouth of England north-south connectivity
South of England north-south connectivity An outline economic case for the inclusion of north-south connectivity improvements to form part of the government s road investment strategy (RIS2) Weston-super-Mare
More informationTourism Statistics
Tourism Statistics 2006-2010 TABLE OF CONTENTS FOREWORD 4 DEFINITIONS 5 STATISTICAL SUMMARY FOR 2010 6 INTERNATIONAL TOURIST ARRIVALS 7 International Tourist Arrivals: 1994-2010 7 International Tourist
More informationBUSINESS INTELLIGENCE Airport Retail Study May 2007
BUSINESS INTELLIGENCE Airport Retail Study May 2007 The pursuit of knowledge Last month Moodie International acquired the assets of acclaimed business intelligence title The Airport Retail Study from its
More information2. Our response follows the structure of the consultation document and covers the following issues in turn:
Virgin Atlantic Airways response to the CAA s consultation on Economic regulation of capacity expansion at Heathrow: policy update and consultation (CAP 1658) Introduction 1. Virgin Atlantic Airways (VAA)
More informationFrom: OECD Tourism Trends and Policies Access the complete publication at: Japan
From: OECD Tourism Trends and Policies 2014 Access the complete publication at: http://dx.doi.org/10.1787/tour-2014-en Japan Please cite this chapter as: OECD (2014), Japan, in OECD Tourism Trends and
More informationIATA ECONOMIC BRIEFING FEBRUARY 2007
IATA ECONOMIC BRIEFING FEBRUARY 27 NEW AIRCRAFT ORDERS KEY POINTS New aircraft orders remained very high in 26. The total of 1,834 new orders for Boeing and Airbus commercial planes was down slightly from
More informationEconomic Impact: Business Aviation Operations & Business Aircraft Manufacturing in Canada Annual CBAA Conference
Economic Impact: Business Aviation Operations & Business Aircraft Manufacturing in Canada 2016 Annual CBAA Conference Transportation of service and specialist employees and cargo, NOT merely executives,
More informationTerms of Reference: Introduction
Terms of Reference: Assessment of airport-airline engagement on the appropriate scope, design and cost of new runway capacity; and Support in analysing technical responses to the Government s draft NPS
More informationNetwork of International Business Schools
Network of International Business Schools WORLDWIDE CASE COMPETITION Sample Case Analysis #1 Qualification Round submission from the 2015 NIBS Worldwide Case Competition, Ottawa, Canada Case: Ethiopian
More informationOct-17 Nov-17. Travel is expected to grow over the coming 6 months; at a slower rate
Analysis provided by TRAVEL TRENDS INDEX OCTOBER 2018 CTI reading of 51.6 in October 2018 indicates that travel to or within the U.S. grew 3.2% in October 2018 compared to October 2017. LTI predicts travel
More informationSelf Catering Holidays in England Economic Impact 2015
Self Catering Holidays in England Economic Impact 2015 An overview of the economic impact of self catering holidays in England Published by The South West Research Company Ltd March 2017 Contents Page
More informationSustainable Scottish. salmon. Scottish Salmon Farming Economic Report October 2013 Investing in sustainable jobs, communities and business
Sustainable Scottish salmon Scottish Salmon Farming Economic Report October 2013 Investing in sustainable jobs, communities and business Contents Chief Executive s Foreword Chief Executive s Foreword 1
More informationThe Hotel Industry: The United States, Virginia And Hampton Roads
The Hotel Industry: The United States, Virginia And Hampton Roads THE HOTEL INDUSTRY: THE UNITED STATES, VIRGINIA AND HAMPTON ROADS Do not forget to show hospitality to strangers. Hebrews 12:2 This chapter
More informationINTOUCH. In this issue: MHRA s e-magazine ISSUE 7/2015. Tourism 15% of GDP PAGE 1. Q BOV Deloitte Hotel Survey PAGE 2-3
INTOUCH MHRA s e-magazine ISSUE 7/2015 In this issue: Tourism 15% of GDP PAGE 1 Q2 2015 BOV Deloitte Hotel Survey PAGE 2-3 MHRA presents the Pre-Budget Document PAGE 4/5 New Website PAGE 5 Public Lecture
More informationEVALUATING THE IMPACT OF THE ECONOMIC CRISIS ON GREEK TOURISM: PUBLIC
EVALUATING THE IMPACT OF THE ECONOMIC CRISIS ON GREEK TOURISM: PUBLIC PERCEPTIONS AMONG ROMANIANS Ana Maria Tuluc Ph. D Student Academy of Economic Studies Faculty of Economics Bucharest, Romania Abstract:
More informationPalmerston North Retailing
Palmerston North Retailing Introduction and General Experience My name is Peter Crawford and I am the Economic Policy Advisor for Palmerston North City Council. My qualifications include a BA (geography
More informationTUI GROUP INVESTOR PRESENTATION
TUI GROUP INVESTOR PRESENTATION German Investment Conference UniCredit / Kepler Munich, 26-27 September 2012 Future-related statements This presentation contains a number of statements related to the future
More information