The paper "The Golf Sports Tourism in New Zealand" is a great example of a finance and accounting case study. The Golf Sports Tourism will be a leading sports tourism industry globally and is situated in a tourist destination in New Zealand. The Golf Tourism industry is among other tourists’ attraction facilities, which serves tourist from around the globe. The Golf Sports Tourism primary provides the tourist with excellent attraction sites, accommodation, and other recreational facilities. Feasibility Study: Golf Sports Tourism Industry Introduction Purpose of the feasibility study is to enable the government of New Zealand to review the probable performance of the lodging assets and allow in the attraction of the potential investors.
This report covers the feasibility study of the Golf Sports Tourism Industry where this is the biggest sports tourism industry in the world providing excellent services. In the feasibility report of the tourism industry, the New Zealand market has been acknowledged as the potential future operation of the tourism industry in relation to the aspects of accessibility and other related location aspects in the face of the changing and competitive business environment (Neil, 2011). Golf Sports Tourism Industry The Golf Sports Industry will be located in the capital city of NZ, which has been identified, by the government and other stakeholders as the best location for the industry.
The site in the heartland of the NZ tourism site provides excellent environment aimed at an opportunity to upgrade related industries to the heartland and other tourism centers. Industry planning is in line with the company’ s strategies to build an excellent tourist destination in the city. Accordingly, the tourism sports center is a crucial component of attaining these planning outcomes that will act as a booster to build the position and profile of Golf Sports Tourism Industry within the heartland of NZ. The tourist destination will avail sustainable economic expansion and tourism growth in NZ and its city as a whole.
The feasibility report establishes through estimates that the industry in the third year of operation would attract estimated 120,000 tourists that would generate approximately $3 million revenue and at the same time creating 32 full-time employment opportunities to the local population. In addition, the industry will be in a position of availing $12-17 million investment in terms of infrastructure for the next eleven years in the form of construction and future expansions.
The industry will also promote the aspect of cooperate social responsibility to the local population within and outside the city. The industry will stimulate economic expansion thus leading to job creation and economic diversification. Core Products Following competitive negotiation and consultation, the proposed core products of the tourism industry are: Interpretive sports center that will engage, challenge, educate, entertain and train tourists on sustainable built settings and natural environments, energies and sites to arouse customer awareness and dedication in buying sustainable products of the company. Visitor information center, an accredited and updated information concerning the products provided by the Golf Sports Tourism Industry.
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