Sterling bay tourism development report

Assignment Help Marketing Management
Reference no: EM13826164

Sterling Bay is a small settlement of 5000 people located on the tip of a peninsular. Being situated by the sea and at an area with particularly abundant marine life, the economy of the town has always revolved around fishing and other businesses that support this industry.

Physical Geography:

The town is located at the foot of a series of hills and within easy access and view of a beautiful beach. Further along the beach are also a cluster of unique limestone caves with numerous rock pool formations within. As the town has a small population, the built up area only occupies a small portion of the land just off the beach, with a stretch of forest bordering the town. The land around the town is unfertile for any form of agriculture. Also, geographically, the land is rather flat and would be easy to develop. The town is also served by 2 roads; a narrow, 2 way coastal road and a second less developed road that comes over the nearby hills. A new highway is being built further inland and it would not be difficult to ‘cut' an exit leading to Sterling Bay.

Human Geography:

The population of Sterling Bay consists of families with multiple generations. First generation settlers started up the town and were the original fishermen. They have had a generation of children who carried on the business. Those children have now given birth to a third generation who are reaching young adulthood, and who are starting to get involved in the livelihood of fishing. The town is also well known for fresh and tasty seafood, cooked by the women folk, who are also highly skilled in weaving.

Present developments:

As the rest of the country modernizes and diversifies the scope of economic activity, the local government at Sterling Bay are considering their options. At a glance, there appears to be a strong case for tourism as one of the potential new industries for the area.

Task: Outline a plan to develop tourism at Sterling Bay.
In your plan:

• Describe the approach that the government at Sterling Bay should use to evaluate various options for diversifying the economy?

• Assume that tourism has been selected as the preferred industry to be developed. What type of approach to tourism should be adopted?

• Identify potential economic advantages and disadvantages of developing tourism at Sterling Bay.

• Identify potential socio-cultural advantages and disadvantages of developing tourism at Sterling Bay.

Additional Requirement

A strong and sustainable economy is the goal of every nation in the world. A sustainable economy get better the standard of living of the people of the country by creating wealth and employment opportunities and the use of industrial and technological development to improve the political climate of the country.

Word limit 2700

Reference no: EM13826164

Questions Cloud

Report on consumer behavior for blackberry : Report On Consumer Behavior For Blackberry
Calculate the compound amount for investment : Lulu's Bath Works purchases towels with an invoice of $12,456, and terms of sale of 5/10 n/30. What is the net amount due on the order if a partial payment of $2,500 is made on the 10th day. Tony invests $7,500 at 12% interest, quarterly for 11 years..
The strategy of monetary policy : Describe, in general terms, the strategy of monetary policy, explaining how monetary policy tools are used to achieve the goals of monetary policy. What intermediate stages are important in going from tools to goals? What are the links between differ..
Sales estimates and macrs depreciation allowance percentages : The Blue Lagoon is considering a project with a five-year life. The project requires $110,000 of fixed assets that are classified as five-year property for MACRS. Variable costs equal 71 percent of sales, fixed costs are $9,600, and the tax rate is 3..
Sterling bay tourism development report : Sterling Bay Tourism Development Report
Describe the strategy of inflation targeting : Describe the strategy of inflation targeting. Why have many countries begun to use this strategy instead of targeting money growth? What are the advantages and disadvantages of inflation targeting?
Conceptual analysis of real options : The destruction that Hurricane Katrina brought to the Gulf Coast in 2005 devastated the city of New Orleans as well as the Mississippi Gulf Coast. The burgeoning casino gambling industry along the Mississippi coast was nearly destroyed. CGC Corporati..
Recommending balanced scorecard to bp board : Barrel Products Plc (BP) is an international energy company, providing its customers with fuel for transportation, energy for heat and light, and petrochemical products for everyday items.
Forward price curve to value risky investments : Pontiac Producing Company (PPC) is a domestic producer of natural gas. The firm is consider-ing the purchase of some gas-producing property in the Bakin Shale located in North Dakota. The property has estimated production volumes of 100 Million cubic..

Reviews

Write a Review

Marketing Management Questions & Answers

  Examine a time when you were involved in decision making

this assignment asks you to use decision making using social influence persuasion and risk taking that went

  What methods could you use to resolve the conflict

Conflict Resolution: Conflict resolution is a necessary skill for any manager or leader. In this assignment, you will examine the difference between conflict and competition. What methods could you use to resolve the conflict

  Segmented it correctly and caught the customer

A market, segmented it correctly and caught the customer's attention with a superior value preposition.This year's CES trade show in Las Vegas showcased many new tech products. The trend goes towards wearable and connective home technologies.

  Starbuckss socially responsible programs

Case studies are an important learning strategy in business classes. They give an opportunity to look at events that have happened in industry and business over a number of years and inspect situations that managers have had to deal with, such as ..

  Develop a creative name for your lemonade stand

Background: As you have read about in our lecture, we have used a lemonade stand to help us understand some basic concepts of business. Develop a creative name for your Lemonade Stand, and then explain why a name is important when you are ..

  The methods you use will measure the success of your plan

Combine your Strategy and Positioning and Product, Pricing, and Channels papers along with your promotional strategy into a single Marketing Plan. The methods you use will measure the success of your plan

  Formal market analysis will not be used for exercise

Formal market analysis will not be used for exercise, educated estimates will be sufficient -  Market description

  Cost-based and value-based pricing

What are the differences between cost-based and value-based pricing?

  The transcript of the first undergraduate focus group

The following is an excerpt from the transcript of the first undergraduate focus group. This group included 14 students with to following makeup: 50% male and 50% female; 93% work part-time or more, and 7% do not work; and 29% management major..

  Describe the best manager you have known

We all can describe bad management. But in this forum take a different position and describe the best manager you have known in terms of the four functions of management: Planning, Leading, Organizing and Controlling

  Create and submit a one page business idea paper

In your assignment groups, create and submit a one page business idea paper. A brief explanation of the idea. Include a description of the product and/or SERVICE. Provide more detail if the concept is novel

  Develop a media plan

Develop a media plan-There are a large number of media types that you can make use of to market your bed & breakfast or small hotel

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