Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
The business of events tourism
1. The Business of events tourism
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Exercise B
This diagram shows the cycle of annual preparation of a festival, as they are work for
the activity. This cycle start with the phase of development is a phase when they are planning all
events. Growing is the phase that the plan is going action. The maturity and rejuvenation are the
phase when they will see the best cash flow and the successful of the event.
Exercise C
1. Negative
2. Introduction
3. Maturity
4. Increasing
5. Grown
6. Decline
Exercise D
A 1. Cash Flow is negative during the development phase of an event.
C 2. In the introduction phase of an event, costs are high.
B 3. Cash flow becomes positive in the maturity phase.
E 4. Increasing attendance means that costs per visitor are reduced.
D 5. Attendance is at list peak once the market has grown.
D 6. Attendance may start to decline when the market reaches saturation.
a. It is not until de maturity phase is reached that cash flow is no longer negative.
b. Peak attendance figures are achieved at the maturity phase.
c. While the event is being designed and trilled, there are many expenses but no income.
d. There may be a reduction in business if there are too many competitors.
e. It cost a lot of produce each event early in the cycle.
f. As ticket sales go up, each visitor will cost the events organizers less money.