Resort Management 1

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Resort Management 1

  1. 1. Chapter 14 Reflections and Revelations: Global Issues in Resort Tourism World of Resorts: From Development to Management Third Edition (424TXT or 424CIN)© 2010, Educational Institute
  2. 2. Competencies for Reflections and Revelations: Global Issues in Resort Tourism 1. 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.© 2010, Educational Institute (continued) 2
  3. 3. Competencies for Reflections and Revelations: Global Issues in Resort Tourism (continued) 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.© 2010, Educational Institute 3
  4. 4. Issues in Global Tourism • Geopolitical issues and their ramifications • Winds of change • Greening of resorts • Ecotourism • Spa tourism • Leisure tourism© 2010, Educational Institute 4
  5. 5. Demographic and Population Issues • Population growth and age-group shifts • Aging and health cost • Markets of the future • Tourism for the maturity market© 2010, Educational Institute 5
  6. 6. Four Modes of Trade in Services • Cross-border trade • Consumption abroad • Commercial presence • Presence of natural persons© 2010, Educational Institute 6
  7. 7. Changing Economies • Decline of American dominance • Rise of growing economies • Sustainable development© 2010, Educational Institute 7
  8. 8. BRIC Countries • Brazil • Russia • India • China© 2010, Educational Institute 8
  9. 9. Investment and Financing Issues • Access to credit and debt financing • Return to conservative lending • Investment trends© 2010, Educational Institute 9
  10. 10. Top Three Impediments to Investments • Risk • Liquidity • Low revenue and capital gains© 2010, Educational Institute 10
  11. 11. Renewable Energy Sources • Solar energy • Fuel cells • Small wind turbines • Geothermal heat pumps • Micro turbine property • Combined heat and power systems© 2010, Educational Institute 11
  12. 12. Types of Eco-Tourism • Eco-Resorts • Artificial Environments • Boutiques and Small Resorts • Resort Design© 2010, Educational Institute 12
  13. 13. 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© 2010, Educational Institute 13
  14. 14. Resort Spa Program Categories • Luxury pampering • Spiritual awareness • Life enhancement • Preventive medicine • Weight management • Taking the waters • Nutrition and diet • Sports conditioning • Stress control • Youth camps for weight loss • Holistic health • Non-program resort facilities© 2010, Educational Institute 14
  15. 15. 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© 2010, Educational Institute 15

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