The paper "Setting up a Tourist Venture" Is a wonderful example of a Management Case Study. Tourism is an industry that is ever-growing daily, as the number of tourists visiting tourism sites worldwide increases. Many people, especially from western countries have a passionate interest in visiting other nations to see and enjoy their tourist sites. Even if they may be out for an official business visit, many of these foreign visitors turn into tourists. This is because they do want to discover the world during their leisure time after they have finished the official business.
Most of them incorporate in their business visits some time to tour different tourist sites and enjoy. The tourist usually gets into a given tourist country when they are ready to spend. Most tourists spend a considerable time saving enough money specifically for their visit before embarking on it. Therefore, they do not fear any cost implication that comes because of their visit. They have enough money even to cater for any emergencies that may occur. This is had been proved by different research done by engaging various tourists during the time of their visit.
When the tourists are engaged, especially during their departure time, to find any feedback on their experience in a given country, a common response of a proper financial preparedness has always been evident (Lennon & Foley, 2000). Reasons for choosing the business and its profitability Therefore, these findings show that a country with different tourist attraction sites usually benefits a lot from any visit by tourists. Most of these countries have earned enormous amounts of money, which has helped to boost other areas of their economy.
Tourism is one of the main foreign exchange earners in most countries, especially in Africa and some European countries, which have been found to have diverse tourist sites. Therefore, the government and some private developers have called for necessary actions to be taken for the optimal realization from the tourism industry. It is, indeed, true that most of the countries that have taken necessary actions to develop the tourism industry in their countries have significantly benefitted from the industry. Some key examples of such countries, from which I can draw my references, include Kenya and Denmark, to mention but a few. Tourism remains a terrifically lucrative industry that is worth putting in some investments.
When the tourism industry grows, other industries also benefit both directly and indirectly. The industries that benefit indirectly include those that rely on the foreign exchange earned from the industry, for instance, the banking industry. On the other side, the industries that benefit directly from the industry include those industries offering accommodation, restaurant and travel services. A tourist will urgently need accommodation and restaurant services when he or she jets into any country.
Secondly, they will need travel services to move around to different tourist centers. Other groups of people who directly benefit from tourists are the tour guides, who take the tourists around a given country to allow them to enjoy the different attraction centers. However, most of the time the tour guides are attached to the travel industry.
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