Description
Consulting groups are specifically geared to undertaking implementation assignments on behalf of its clients. The philosophy is that tourism studies are not meant to grace the bookshelves of government offices but to serve as actual blueprints to guide action. They are, therefore, set up to shift smoothly from macro level planning to micro level assessment of individual projects. At one time a project is identified and approved for implementation by the sponsors they can undertake the preparation of feasibility studies involving more specific evaluation of market demand, assessment of competition, share of market computations, and detailed income and expense configuration.
Based on benefit/cost analysis and/or return on investment calculations we can refine the final project appraisal by factoring in the impact of leverage on project returns by way of alternative assumptions relating to long term debt/equity ratios used to finance the project. These refinements can also be used to produce pretax and aftertax money flows likely to be produced by the project by allowing for tax depreciation and other fiscal and financial incentives available to the project.
A good Tourism and Hospitality division provides professional consultation in the following areas:
* Strategic planning for tourism destinations
* Feasibility studies, development strategies, and operational analyses of:
o Airport Development
o Hotels and resorts of all types, including condominium hotels and interval ownership
o Vacation and investment grade recreational real estate
o Recreational facilities, including golf courses, tennis facilities, and marinas
o Casino gaming
o Restaurants and other food service facilities
o Membership clubs
o Health spas, both recreational and therapeutic
o Theme parks and other themed attractions
o Convention/conference centers and exhibition halls
o Sports arenas
* Business valuations and property appraisal
* International business risk analysis
* Market positioning and repositioning studies
* Investment analysis
* Acquisitions
* Redevelopment studies
* Privatization/share valuation
* Management contract/lease analysis and negotiation