Conduct a financial analysis of the tourism industry


Assignment : Toward Sustainability? Tourism in the Republic of Cyprus

Tourism has both a positive and negative impact on the local community. Many communities look toward tourism to bring strong economic growth and stability; however, often times, communities overlook the potential negative social, political, and environmental impact.

For this assignment, refer to the case study titled "Towards Sustainability: Tourism in the Republic of Cyprus," found in the Harris, L.C, & Husbands, W 1996 case book.

Write a six to eight  page paper in which you:

1. Provide an overview of the tourism activities in Cyprus prior to the contemporary development and planning of tourism.

2. Assess the economic, social, political, and environmental impact of tourism prior to the contemporary development and planning of tourism. State why proper tourism planning and development was needed.

3. Summarize the contemporary tourism planning process the government of Cyprus, the Cyprus Tourism Organization (CTO), and the World Tourism Organization (WTO) conducted and the effects of the plan. Critique the plan's effectiveness and recommend what could have been done differently.

4. Recommend three strategies for moving Cyprus toward sustainability with its tourism industry.

5. Conduct a financial analysis of the tourism industry in Cyprus today and a future projection of tourism demand for Cyprus.

6. Compare and contrast another coastal tourism destination with Cyprus and differentiate its approach to the development and planning of tourism.

7. Use at least five quality academic resources in this assignment. Note: Wikipedia and other Websites do not quality as academic resources.

Your assignment must follow these formatting requirements:

• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

• Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date.

The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

• Analyze and describe the trends affecting consumer travel patterns and world-wide travel.

• Analyze the financial impact of tourism on both established and developing countries.

• Assess an organization's operating environment and develop strategic alternatives for various situations related to tourism development and policy.

• Use various forecasting methods to measure overall tourism demand.

• Analyze the financial impact of tourism on both established and developing countries.

• Use technology and information resources to research issues in international tourism.

• Write clearly and concisely about international tourism using proper writing mechanics.

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