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Tourism Resources And Planning Essay

3570 words - 15 pages

TOURISM RESOURCES AND PLANNING - ASSIGNMENT 2NAME: AlexGROUP NUMBER: BLEVEL: IntermediateHAND IN DATE: 05/05/2006ContentIntroduction------------------------------------------------------------2Section 1 Cost-benefit analysis--------------------------------------------------------21.1 Economic Cost-benefit analysis-------------------------------------------------21.2 Social Cost-benefit analysis------------------------------------------------------31.3 Environmental Cost-benefit analysis-------------------------------------------4Section 2 Policy context analysis2.1 The general policies related to tourism ----------------------------------------- 42.2 Cultural strategy ...view middle of the document...

In this report, I am going to analyze and evaluate a proposed new development that take place either on the seafront or closer to the town centre. Firstly, I am going to prepare a cost-benefit analysis which has been divided into three parts, economic, social and Environmental factor. Secondly, the foundation of this report is Policy context analysis. Finally, critically analyses the 'fit' between the land use planning and strategic planning frameworks for Bournemouth, and the Techno Tower impacts.Now I will investigate how the cost benefit works and provide all the evidences I had which from my research to prove my report.Section 1 Cost-benefit analysisCost-Benefit Analysis (CBA) estimates and totals up the equivalent money value of the benefits and costs to the community of projects to establish whether they are worthwhile.Table 1 Economic Cost-benefit analysis
Nature of Impact

Primary Impact

Secondary Impact

Tertiary Impact

Economic benefit

More spending in the area

Create more jobs and increase residents incomes

Encourage more high-tech business industries

Economic cost

Construction cost

Take-away money from local business

Increase living standard fee

1.1 Economic Cost-benefit analysisAn economic cost-benefit analysis can become a useful tool for a community to use in working out what is most economically effective considering the goals for distribution of benefits and costs, fiscal impacts, benefits over time. For the economic benefit side, it is estimated that the Bournemouth Techno Tower will bring an additional 250,000 visitors (from outside Bournemouth) to Bournemouth town centre/seafront per year, with 3,000 of those visitors will visit the tower during the summer period and weekend. In this case, there is a huge increase on customer spending in this area. Apart from local residents, if visitors spent £10-£20 a day, this tower at least will bring additional 3 million pounds a day. Furthermore, this project will create over 600 jobs for local residents such as hotel staff, restaurant waiter/waitress and shop assistant. This will benefit to local residents directly and increase their incomes. The tertiary impact would be more high-tech companies will invest in Bournemouth such as open shops and academic training programme in the university.However, the construction cost of the Bournemouth Techno Tower is £150 million. This tower will be constructed in September 2007, finished in autumn 2008 and open in 2009, meanwhile, plus the payback period. BTT Ltd has to consider when the tower can start earning profit which is a high risk project. On the other hand, the tower could Take-away money from local business; most visitors properly stay in Bournemouth in one day in order to they want to buy some goods in the building, not actually in the town centre. So Techno Tower is actually making money for itself not for the whole area.Table 2 Social Cost-benefit analysis
Nature of Impact

Primary Impact

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