Question

In: Accounting

Explain tourism development and different options for creating and investing in tourism attractions.

Explain tourism development and different options for creating and investing in tourism attractions.

Solutions

Expert Solution

Have your students explore the strategies for different tourist hotspots throughout the world. Compare and contrast these strategies in a class discussion or through class presentations.

Attractions may be natural such as Niagara Falls or The Scottish Highlands or manufactured such as The Shopping Areas of Buckingham Palace, Hong Kong, or the Vatican. Throughout much of the world, cities and towns have finally realized the tremendous value of their river, lake, and ocean waterfronts, as evidenced by waterfront attractions. Casinos have also become attractions. From a tourism perspective, gaming works best when it is part of several tourism attractions for the area, not the only tourism attraction for the area. Finally, many visitor destinations are in fact only stopover destinations for travelers on their way elsewhere.

 


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