Provide an overview of the concept experience economy

Assignment Help Other Subject
Reference no: EM132975113

DESTINATION MANAGEMENT STRATEGY

Based on the analysis of destination presented in Part A, students will develop Part B, i.e., a destination management plan, for their chosen destination. Part B has an individual component worth 15% and a group component worth 25%. Part B includes three key elements, plus introduction and conclusion (total 4,500 words):

i. Summary of Destination Analysis - An overview of Part A findings, summarising the policy and operational environment of the destination, key stakeholders, tourism demand, key product experience themes, and issues the destination is facing.

ii. Experience Audit and Competitor Analysis - Provide an overview of the concept "experience economy" (including transformative experience), and describe how this approach can improve tourist experience offering and thus improve operator competitiveness. Conduct an audit of the existing experiences/settings/tourism providers of the destination and identify providers that can potentially develop exceptional experiences. Undertake a destination competitor analysis of tourist experiences and present the summary of that analysis.

iii. Planning and Management Strategy - Identify existing tourism strategies and policies that align with the destination management strategy of your destination. Provide a destination management strategy that focuses on one potential market for proposed experiences in the destination.

Part B: Destination management plan report format:

1. Introduction (Group)
In 100 words or less, name your destination, the target market for the management strategy, and outline the key sections of the report.

2. Destination Analysis (Student A)
Provide a summary of the key findings of Part A

3. Experience Audit and Competitor Analysis

3.1 Overview of the experience economy concept (Student A)

Write a description of the "experience economy" concept (including transformative experience), and describe how this approach can improve tourist experience offering and improve operator competitiveness.

3.2 Key target market (Student A)
Identify a key target market for your destination (e.g., intra-state retired couples, backpackers from South East Asia, corporate travellers from Europe, etc.). Describe this target market in relation to transformative experience (e.g., the type of experience they would find meaningful given their motivations or needs). Support with references.

3.3 Audit of existing tourism providers and experiences (Student B)
Provide an audit of the existing tourism providers and experiences in your destination, in relation to the chosen target market. The audit includes a description of the tourism experience and your evaluation of its level of transformation. A minimum of 4 providers and their product experiences are required. The audit should be presented in a table to reduce the word count.

3.4 Undertake a destination competitor analysis (Student B)

Identify two other destinations competing for the same target market as your destination. The competitor footprint should be included (see Figure below).
Discuss the competitor footprint (similarities/differences between these destinations), and highlight what is unique about your destination (i.e., unique selling proposition) in terms of offering particular experiences.

3.5 Recommendations to improve experiences (Student B)

Make three recommendations on how to improve the provision of transformative experience offerings in your destination.
Recommendations should be based on your audit and competitor analysis. For example, if you identify tourism experiences that are only semi-transformative or not transformative, you can suggest improvements to the providers. You can also suggest the development of relevant transformative tourism experience based on the identified unique selling proposition for your destination.

4. Planning and Management Strategy

4.1 Existing tourism strategies and plans (Student C)

Identify existing strategies or plans that relate to the management strategy that you are developing for your destination. A tourism strategy/plan can range from branding, vision, guidelines for product development and stakeholder collaboration, etc. It is helpful to broaden your search to identify not only your destination's tourism strategy or plan but also relevant local art/cultural/event policies, as well as regional/state/national development policies. A minimum of 2 strategies/policies is required. Use a table to reduce the word count. Below is an example.

4.2 Potential target market for management strategy (Student C)

Identify and briefly describe a potential target market for the management strategy. This can be the same as the target market in section 3 but can also be a new target market. Justify the choice - for example - is this a market that has declined/grown significantly in recent years, hence the need for a destination management strategy.

4.3 Destination management strategy (Student C)

Create a new tourism product/experience range or modify existing tourism products/experiences to cater to the identified potential target market. Provide guidelines in point form for the implementation of the transformative experience (e.g., describe the proposed product and provide a promotional strategy, or a collaboration event between relevant stakeholders, development of new facilities, etc.). Please ensure that your proposed tourism experience is a sustainable one.

5. Conclusion In approx. 150 words, summarise the key points of your report.(Group)

6. References Please use APA referencing style. There should be at least 7 academic references and 7 industry references in that list. Remember that a reference is a source that is actually cited within the text. (Group)

Reference no: EM132975113

Questions Cloud

Explain how will impact performance efforts of organization : How can you position this decision to the CEO to demonstrate how this will impact the performance efforts of the organization? What results do you anticipate?
What amount should be reported as unearned revenue : Subscription revenue credited on December 31, 2020 2,250,000. On December 31, 2020, what amount should be reported as unearned subscription revenue
What is the equity component of the original issuance : An entity issued 2,000 convertible bonds with P3,000 face amount per bond. What is the equity component of the original issuance
Identify effective communication channels : Identify effective communication channels for this stakeholder group based on their particular needs and preferences (i.e., how should the vodcast)
Provide an overview of the concept experience economy : Provide an overview of the concept "experience economy" (including transformative experience), and describe how this approach can improve tourist experience
How will impact the performance efforts of the organization : Find and How can you position this to demonstrate how this will impact the performance efforts of the organization? What results do you anticipate?
Find what is the correct amount of VAT payable : The following data were provided for the taxable year (net of applicable taxes): Sales P3,960,180. Find what is the correct amount of VAT payable
Develop a comprehensive and high standard destination : Develop a comprehensive and high standard destination management strategy, your group first needs to complete extensive background research and analysis
What is the carrying amount of the investment : In December 2020, the associate sold inventory to Awit Company for P1,350,000. The cost of the inventory is P900,000. What is the carrying amount of investment

Reviews

Write a Review

Other Subject Questions & Answers

  Cross-cultural opportunities and conflicts in canada

Short Paper on Cross-cultural Opportunities and Conflicts in Canada.

  Sociology theory questions

Sociology are very fundamental in nature. Role strain and role constraint speak about the duties and responsibilities of the roles of people in society or in a group. A short theory about Darwin and Moths is also answered.

  A book review on unfaithful angels

This review will help the reader understand the social work profession through different concepts giving the glimpse of why the social work profession might have drifted away from its original purpose of serving the poor.

  Disorder paper: schizophrenia

Schizophrenia does not really have just one single cause. It is a possibility that this disorder could be inherited but not all doctors are sure.

  Individual assignment: two models handout and rubric

Individual Assignment : Two Models Handout and Rubric,    This paper will allow you to understand and evaluate two vastly different organizational models and to effectively communicate their differences.

  Developing strategic intent for toyota

The following report includes the description about the organization, its strategies, industry analysis in which it operates and its position in the industry.

  Gasoline powered passenger vehicles

In this study, we examine how gasoline price volatility and income of the consumers impacts consumer's demand for gasoline.

  An aspect of poverty in canada

Economics thesis undergrad 4th year paper to write. it should be about 22 pages in length, literature review, economic analysis and then data or cost benefit analysis.

  Ngn customer satisfaction qos indicator for 3g services

The paper aims to highlight the global trends in countries and regions where 3G has already been introduced and propose an implementation plan to the telecom operators of developing countries.

  Prepare a power point presentation

Prepare the power point presentation for the case: Santa Fe Independent School District

  Information literacy is important in this environment

Information literacy is critically important in this contemporary environment

  Associative property of multiplication

Write a definition for associative property of multiplication.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd