Development is not a synonym for infrastructure. Yet, these two words are often used in interchangeably. Halifax, a small city in the province of Nova Scotia, Canada is currently taking on the project of building a new convention center to replace the old and derelict convention center. This project has been widely accepted and praised by many local government officials and business people as a tremendous step forward and a driver for the city’s growth. While this project can be defined as new infrastructure, this alone does not justify its denotement as a development. What allows infrastructure to also be defined as development is its ability to create positive change, or put more simply: improvement. Likewise, undevelopment will be …show more content…
“Convention centers are generally not expected to make a profit on their operations or cover their construction costs” . As a result, the vast majority of projects are covered by government funding with the hope that the economic benefits for the city will justify this subsidy. These new or refurbished convention centers are expected to bring in more foreign visitors, increasing tourism and bringing in foreign capital. While this can be true, examples of success stories lie in cities where tourism is already prevalent and lends themselves to larger cities far more than smaller ones . Similarly, projections are made under the assumption that all conference and event attendees will be visitors. Project revenue received from local hotels, restaurants, and stores is determined under this premise. This assumption is largely exaggerated, as studies have shown that the number of hotel rooms estimated to be used during a given year was one third of the initial projections. This is because locals make up a large portion of conference attendees . As a result, most spending is from local residents rather than visitors, completely negating the purpose of building a center to bring in external revenue. It is apparent that since attendees are primarily local residents, there is no increase in sales revenue at neighboring businesses. Moreover, this particular project has proven to not only be unbeneficial for surrounding restaurants and retailers,
We must know which visitors we can expect. For example, guests for a wedding (because a wedding will be held in one of the halls of the hotel), or businessmen who come for a business meeting, or a family on vacation.
Tourism has become a commercial business, which has obvious benefits to the said economy, the environment and society. Often, the positive economic impacts persuade governments, companies and individuals to get involved with the development of tourism. Tourism creates jobs, both
As a result of tourism, Caribbean governments invest sufficiently in the infrastructure necessary to keep tourism afloat such as the large international airports, roads, sewage treatment plants and electricity and telecommunication facilities etc. This development is beneficial to both tourists and locals alike. Foreign investment is another aspect that is essential to the development and maintenance of tourism facilities in the region as the government can only do so much. Tourism requires a lot of capital and investment because of this Caribbean governments gratefully accept foreign direct investment into the region as they do not have the monetary capacity of doing it alone. Large world class franchises such as Hilton, Marriott and Ritz Carlton have invested into the regions’ hospitality sector bringing with them not only the highest quality product but also their world-renowned brand which in its self is beneficial to the region’s tourism industry. Caribbean governments also gain revenue from the corporation and council taxes that foreign investors are required to pay.
Economic factors have contributed to the revitalization process of central business and residential districts of cities in the United States. Tourism has effect the revitalization process of cities throughout America. One of the most popular tourist attraction within the world is the Eiffel Tower which is located in Paris, France. Annually, the attraction receives 7,000,000, which drastically impacted the country’s central business district. Since more people are located within that area, different facilities and tourism attractions had to be constructed. In terms of housing, opposed to less populated areas, larger infrastructure such as buildings and hotels had
Tourism is a very large driving force for the economy of Mendocino county. Lodging, bars and restaurants, grocery stores, gas stations/convenience stores, and retail/shopping stores are the groups of businesses that feel the impact of the 306.6 million dollars’ tourists spend in the county every year. Money spent from tourism has many social impacts such as identity and pride in the community which keep residents in the area, increased migration to the area for those seeking a better life for themselves, and opportunities for growth for small businesses which also enable a “way in” for potential new residence to the
The topic of infrastructure is one that is repeatedly assessed in regards to urbanization. Infrastructure is an issue that is always being talked about, but it has a vast definition. Infrastructure, in the context of urbanization, is defined as, “the basic physical and organization structures and facilities (e.g., buildings, roads, and power supplies) need for the operation of a society of enterprise (https://en.oxforddictionaries.com/definition/infrastructure). Infrastructure includes the basic needs that a society must have to function efficiently. The infrastructure within the United States, a country in the more developed world, is not sufficient in all areas. There are several areas of the country that lack these basic needs. When a
Development of transport infrastructure is a very expensive process. When the Canadian government, in the 1870s, promised to build a railway from Nova Scotia to British Columbia, it took more than two years just to find a company which agreed to do it. This is what happens today when the country needs to grow the
According to Bowman and Kearney, economic development is the “process by which a community, state, or nation increases its level of per capita income, high-quality jobs, and capital investment (Bowman & Kearney, 2014, p. 370). Throughout our readings, it is presented that economic development exists because of the gradual decline of our metropolitans. More recently, it’s been explained that economic development has become a local issue that localities are attempting to resolve due to the stale mate federal government and partly the Great Recession, and doing this with a deteriorating tax base in the form of population and jobs which increase the deteriorating infrastructure.
Tourism is an endeavour sought by an individual or a party of individuals, which leads to a movement from one place to another with the idealism of a specific task, to visit a place or several places with the primary purpose of achieving entertainment and increasing knowledge of countries, cultures, and their history. The expression ‘largest industry in the world’ is universally used with mention to tourism, ensuring its recognition as the largest generator of wealth (over 11.7% of the global gross domestic product) and employment (7% of the world’s jobs); this shows that tourism is indeed an important industry that depends on culture and legacy.(Budeanu, 2002) Vancouver is feasibly one of the most prevalent tourist destinations in Canada
“Statistics-wise, total conference arrivals in 2007 was 1,000,000 or 4.8% of tourist arrivals, compared to 820,000 in 2006.” (Visitors
Tourism plays a vital role in economic development in most countries around the world. The industry has not only direct economic impact, but also significant indirect and influential impacts. There is agreement among experts that the travel and tourism sector is the fastest growing of global economy. According to the latest UNWTO World Tourism Barometer, international tourism receipts surpass US$ 1 trillion in 2011, growing about 3.8%up from 2010 (WTO, 2012).
Another aspect of impact of tourism on a country’s economy is that it facilitates the expansion of the market of goods and services. Foreigners come to a country willing to spend money on different goods and services, thus increasing the amounts of sales. This is a great chance for producers and service providers to receive larger profits. This concerns not only hoteliers, tour operators, and souvenir shops owners. Public transportation, retail stores of different kind, restaurants, and cafes benefit from international tourism. Obviously, if these industries are in demand, businesses will be expanding. On the one hand, it means that more money is paid to the budget. On the other hand, profits generated by the owners are spent inside the country, affecting almost all the fields of the
Development: In the development stage, the number of tourist increases at an accelerated rate and may quickly equal or exceed the number of permanent local residents (Butler, 1980). This rapid growth is triggered when large tourism groups controlling tourism retail, lodging and
Development is defined as “the process of change operating over time- the process by which countries and societies advance and become richer’’. The modern 20th century defines development as” the process of change which allows all the basic needs of a region to be met, thereby achieving greater social justice and quality of life and encouraging people to fulfill their potential’’. Todaro defines development as “the process of improving the quality of all human lives through raising people’s living standards, their incomes, consumption levels of food, medical services, education, raising people’s self-esteem through the establishment of social, political and economic systems and institutions that promote dignity and respect and increasing people’s
Retention of Visitor spending: The key to achieving economic sustainability for tourism in (i.e. California and Giants Causeway) is maximising the economic retention of tourist spending in your local economy. The sustainable tourism businesses need to develop strategies that are capable of meeting the long-term economic needs and aspirations of the local community. If the communities are engaged by tourism organisations as stakeholders in tourism, and economic partners in the tourism industry, this will actively support local tourism businesses. Tourism is a rapidly growing industry and has far-reaching economic and environmental impact across the destinations; hence, if tourism is an important source of local employment and a significant