Chapter 4 Flashcards
Framework
destination management brings together stakeholders and visitors to create a shared tourism plan. (understanding insights, sustainability, development, marketing)
destination strategy (questions)
- where are we now
- where do we want to be in 5-10 years
- how are we going to get there
action plan (goal)
translates the strategy into actionable steps, involving stakeholders in its development
action plan (steps)
- defining actions
- assigning roles
- budgeting
- coordinating marketing
- strategic development
- measuring success
developing Framework plan (steps)
- gather evidence
- align objectives
- define goals
- engage stakeholders
- measure performance
data to understand tourist destination
international visitors
tourist expenditure
residents
seasonality
price and profitability
balance of payments
employment
GDP (gross domestic product)
structure of the destination role!!!!
governance
innovation
technology
sustainability
accesibility
Occupancy
refers to the percentage of available space that is occupied
rooms sold / rooms available x 100
ADR
average daily rate
> measure the average revenue earned per occupied room
rooms revenue / rooms sold
RevPar
revenue per available room
>measures the revenue a hotel generates per available room, regardless of whether the room is occupied
rooms revenue / rooms available
Or: RevPAR = ADR × Occupancy Rate