Question: Your task is to prepare a report to be presented to your co-investors which identifies two locations in Australia which meet your criteria. Your report should demonstrate how these locations meet the minimum criteria above and the additional criteria which you have identified. You should also identify any additional statistical information that you have not been able to source that is required before a final decision is made to start building the tourist destination.
Note: need to use rough probability matrix for future estimation
Assignment detail
Going BIG: You and a group of investors are interested in developing a tourist destination including a ‘Big' tourist attraction, motel, café and a souvenir shop at a location in Australia. Examples of similar tourist attractions include the Big Merino in Goulburn and the Big Banana in Coffs Harbour.
The aim of this tourist destination is to provide an additional tourist experience for the tourists who already come into the Local Government Area (LGA). In order to do this successfully you need to ensure that the location you choose will support your business over the next 10 years.
Your minimum criteria are:
• significant tourism interest already in the LGA, and
• appropriate transport facilities for tourists to travel to your tourist destination.
These are the minimum criteria - you should identify additional criteria that you can use in making this business decision.