Addressing a decision in regards to the research questions was determined by the comparison data and the projected growth data from several of the sources listed in this study. The data represents that even in an unstable economy the business of an RV park can sustain itself if the park is managed properly. In the area of the Northwestern region of Florida, where tourism plays a big role in stabilizing the economy, several RV parks have had continued success and even growth over time. While there were drawbacks of investing into a business with little experience and not being well known among the RV community, the simple business criteria for implementing an RV park is very promising. The factors mostly considered for recommending the …show more content…
The investment company is confident in establishing an RV park in the preferred location of the Northwestern Florida region. The RV park industry in this area shows a considerable advantage since tourism is the number two economic strength and is the top travel destination in the world (Florida Dept. of State, Internet). Business for the area should flow easily and steadily. Taxes and cost of living are considerably lower than many other states, the weather is more conducive to a year-round operation of an RV park. Travelers are drawn to Florida for many reasons: great weather, notable attractions, and affordability. This is indicative of the Northwestern region …show more content…
Choices to examine that option first were concluded. The major determining factors were time constraints to obtain approvals, permits, and licenses through the county in a timely and cost-effective manner (Land Development Code, 2015). The process for obtaining a permit could take up to three years for an approval prior to beginning the development of the land. Application fees for a subdivision development in Okaloosa County are $350 plus $15 per lot. The fees and applications are only a few of the steps considered in the development of the planned RV park. The other foreseen obstacles included paying a licensed architect to design the park and the costs of installing utilities and amenities. The utilities are a considerable amount due to pipes and lines which must be laid out before utilities can be added on undeveloped property. According to Chron Small Business (LaMarco, 2018), development of the property can cost up to $20,000 per site. Planning for a minimum of only 20 sites, which is a very small RV park, is still $400,000 for only the basic sites without including added amenities. Additional costs for development of a new RV park on a desirable plot of land near the interstate is often on the top end of price per acre if it is accessible and close to a major highway or interstate. The average cost of land in the area, per acre, is $15,000 - $20,000 (LandWatch.com,
The Las Vegas and Atlantic City locations have lost revenues in recent years. In addition to the economic slowdown, these gambling locations are also facing new competitors in the market that are providing attractive choices to the customers. Though there are some external forces beyond their control, it seems that attractiveness and accessibility are very important focus areas for these cities.
For most people, the recreational vehicle (RV) industry is a large subject to wrap their heads around due to the rather vast array of products associated with the term “recreational vehicle”. When conducting web searches for information regarding the recreational vehicle industry I found it a little bit overwhelming in that it contained everything from a Ski Doo Grand Touring luxury snow machine to a 27’ Peterbilt 379X with a custom 53’ Elite tri-axle car hauler/conversion apartment sleeper. To narrow, and better define, this industry the definition of recreational vehicle will be a motorized or towable vehicle that incorporates living spaces and home-like amenities.
Canyon Ranch should absolutely implement a CRM strategy. For years Canyon Ranch has been the leader in the luxury segment of the spa industry, with a unique value proposition. However, competition has started becoming an increasing threat, as the trend has shifted towards convergence between medicine and spa services. There are a number of new players, and in order to maintain that point of differentiation, Canyon Ranch will need to build their relationships with their customers. In order to do that, they need to implement a CRM strategy.
This firm falls within the family entertainment center (FEC) industry and opened its first location in 2010. Currently, the business has three open locations: Tampa, St. Petersburg, and Orlando. It offers services specifically for trampoline usage but also diversifies by providing an arcade and a café. During 2011 the company’s revenue was higher than expected,
Economic theory is an essential part in economic research, and even more so when discussing the development of city projects. The idea that the implementation of policies in budgetary issues would improve people’s lives is attractive to budget administrators and city administrators alike (Varian, 1989). In fact, it is most useful for evaluating the answers to common problems faced by local organizations. The determining factor is based on the approach taken to evaluate the effectiveness of the project. The use of Cost Benefit Analysis in City Projects , such as the Sanford Riverwalk, provides strategic analysis and planning of the recreational incentives for city residents. The city is based around surrounding popular cities known for their parks and recreation. The City of Altamonte Springs, Daytona Beach, and the City of Orlando are known for their state parks and touristic areas. Because the development of such a project would contribute to a competitive market and enhance the face value of the city, it is part of the overall analysis of the research conducted on this particular project.
There is a general belief amongst people, apparently quite connected with whether or not they’ve been there themselves, that Florida is a good place to go. In fact, it is almost impossible not to enjoy yourself in Florida today, given the wonderful selection of facilities available to tourists. Some of the world’s most popular tourist attractions are located in the state whose sand beaches welcome over 40 million people each year.these days it seems pointless to describe Florida’s geography and climate. After all, few people would have difficulty in finding it on a map and most would know what weather to expect there.
Let’s Go Aero manufactures travel trailers bought primarily by young families and retirees interested in a light, low-cost trailer that can easily be pulled by a mid-sized family car. The market for travel trailers has expanded nicely over the past few years due to the number of families seeking a relatively low-cost, outdoor vacation experience. But in the view of Let’s Go Aero’s president, Mark Newman, the real growth in the future is in the retiree market. Newman believes the vigorous health of the average retiree, coupled with the
I found that the median list price in the “Westside Connection” neighborhood to be $123.00 per square foot. I then took this amount and multiplied it by our subject house, which is 1,176 square feet. This amount was then multiplied by 5% to find the depreciated value of the house. The average cost of the land in this neighborhood was previously calculated to be an additional $22,000. Plus the landscaping and other miscellaneous improvements to the site are estimated to be $1,000.
The current circumstance might bring a short-term substantial tourism income to the country. However, marketing department haven’t realized that the promotion method is actually breaking the eco system, which will lead to long-term negative effects to the parks for both environmental and economic aspects. Developing the infrastructure of parks such as building bike path is understandable in terms of the marketing aspect, is increasing the satisfaction of visitors. By innovating different program regularly might attract people who had visited to come again. In a way, it is an efficient way to increase the number of visitors. Nevertheless, ignoring the regulations and negative consequences are
Alachua, Citrus, and Marion counties all have unique qualities to them, yet tourism looms large in the growth of their economies. Each County tries to gain a sustainable competitive advantage through the implementation of power, tax, and zoning incentives that they present to new businesses, as well as residents. They can offer low impact fees, low crime rates, and a well design infrastructure to drum up new business and take the largest portion of the market share as possible. Marion County supports its growing infrastructure with a 1% sales
Our team chose the hotel industry in the United States for our economic analysis. The hotel business has existed since the earliest times, and has influenced the development of the economy since the founding of this country.
If it is determined that the trailer is no longer worth moving, the county will still face a substantial chore in demolition and cleaning the site in the center of the park. But Jones noted demolition and clean-up was the original plan so they are basically back to where they started.
Strengths- The amusement park industry is stable with high barriers to entry: costing over $300 million to invest, over 3 years for development, and North American markets already are saturated with amusement parks and various forms of entertainment for families. Six Flags looks forward to presenting the best and most diverse entertainment experience close to home for every guest entering the park. Placement of the parks was planned strategically, focusing on regional locations. There are 18 parks spread across North America and Mexico that would make it convenient for families to visit.
Universal Orlando Resort is located in Orlando, Florida. Orlando is known as one of the hospitality capitals of the world. There is an incredible mixture of exciting things to do in this city. While Orlando is best known for the theme parks for the perfect family vacation, it is also known for the warm weather, fine dining, outlet shopping malls, Orlando Magic arena, theaters, museums and so many more exciting and fun things to do. In addition, the cost of homes in Orlando is lower than the national average, and in Florida there is not a state income tax, making a family living affordable. As my educational and career path is in the hospitality industry and Orlando is a place known for hospitality and amazing things to do, I think Orlando is a perfect fit for me. Therefore, there are no limits to the many exciting times and adventures that Orlando has to offer, and I am excited to set my
(A) (B) (C) EXECUTIVE SUMMARY …………………………………………………….………… P4 INTRODUCTION OF OCEAN PARK ……….…………………..………… …… P.5-6 MARKETING OBJECTIVE ………..……………………..…………………..……… P.7