Resort Management 1

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2010, Educational Institute Chapter 14 Reflections and Revelations: Global Issues in Resort Tourism World of Resorts: From Development to Management Third Edition (424TXT or 424CIN)

Transcript of Resort Management 1

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© 2010, Educational Institute

Chapter 14Reflections and Revelations:

Global Issues in Resort TourismWorld of Resorts: From Development to Management

Third Edition(424TXT or 424CIN)

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Competencies forReflections and Revelations: Global Issues

in Resort Tourism1. Summarize the historical role resorts have played in

travel and tourism.

2. Describe how geopolitical issues affect resort development and growth.

3. Explain how changes in global economies have changed the expansion, development, and financing of resorts.

4. Identify ways that resorts are adopting green policies and pursuing green certifications.

(continued)

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Competencies forReflections and Revelations: Global Issues

in Resort Tourism

5. Describe ways that resorts are catering to the demand for ecotourism.

6. Explain how different types of spas are expanding the tourism model.

7. Identify how shifts in lifestyles and values have affected leisure tourism.

(continued)

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Issues in Global Tourism

• Geopolitical issues and their ramifications• Winds of change• Greening of resorts• Ecotourism• Spa tourism• Leisure tourism

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Demographic and Population Issues

• Population growth and age-group shifts• Aging and health cost• Markets of the future• Tourism for the maturity market

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Four Modes of Trade in Services

• Cross-border trade• Consumption abroad• Commercial presence• Presence of natural persons

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Changing Economies

• Decline of American dominance• Rise of growing economies• Sustainable development

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BRIC Countries

• Brazil• Russia• India • China

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Investment and Financing Issues

• Access to credit and debt financing• Return to conservative lending• Investment trends

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Top Three Impediments to Investments

• Risk• Liquidity• Low revenue and capital gains

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Renewable Energy Sources

• Solar energy• Fuel cells• Small wind turbines• Geothermal heat pumps• Micro turbine property• Combined heat and power systems

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Types of Eco-Tourism

• Eco-Resorts• Artificial Environments• Boutiques and Small Resorts• Resort Design

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Factors Driving Spa Demand• Increased life expectancy• Low birth rates• Increasing mobility• Widening access to elective medical services• Affordability of medical procedures abroad• Increasing levels of education• Increasing occupational demands• Reduced benefits of health insurance• Better and more accessible sources of information• Motivational lifestyle choices

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Resort Spa Program Categories

• Luxury pampering• Life enhancement• Weight management• Nutrition and diet• Stress control• Holistic health

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• Spiritual awareness• Preventive medicine• Taking the waters• Sports conditioning• Youth camps for weight loss• Non-program resort facilities

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Sources of Leisure Tourism Growth

• Wider options in vacation choices• More organized segments of leisure time• Long holiday weekends• Broadening of the leisure activity infrastructure base• A better educated population with interest in learning

experiences• Interest in health-related vacations• Greater access to participative sports and recreation• Aging and other demographic changes

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