THS3HME Essay Example

  • Category:
    Business
  • Document type:
    Math Problem
  • Level:
    Undergraduate
  • Page:
    2
  • Words:
    1146
  1. In what sense may rural festivals be regarded as authentic? Illustrate your answer using one event as an example.

Besides environmental decline of the rural areas, a number of locations have always wanted to strengthen their communities as well as encourage economic developments by organising festivals. In recent years, many rural festivals have grown and expanded to more diverse function from their customary country show. Rural cultural festive have shown to be both abundant and kaleidoscopically assorted throughout the rural areas.

The process of cultural and commercial integration connected with tourism automatically does not break down a sense of identity in that region, or make it flat or inauthentic; however, it turns out to be an imperative aspect in the construction of region identity. Region-based identity is built in accordance with a wider perspective of economic, cultural and political processes as opposed to isolation of the above processes.

In many rural festivals, tourism has swiftly turned out to be an influential illustration of these wide processes, introducing fresh circumstances into to the region expression of individuality.

The yearly Elvis Revival Festive in Parkes town (rural Australia) looks into means in which an isolated region with minimal economic projections has formed a tourist product. The event consequently captured state publicity by an event revolving around the celebration of Elvis Presley birthday, an actor who never paid a visit to Australia, not even Parkes. The festive commenced at the beginning of 1990s, at a time when an enthusiastic Elvis fan brought together other fans and promoters with a proposal of bringing Elvis imitators to the region for the annual commemoration. From that time, the event has grown in dimension bringing a remarkable economic growth in the region.

There has been a considerable economic impact in the region due to the festival and tourists study in 2004 pointed out the degree of direct economic outcomes on Parkes. In 2004, tourists used an estimate of A$440 for every person during the festival weekend, turning to an addition of more than A$1million into the home economy.

The event enhanced employment multiplier impacts through producing extra labour into areas like accommodation, refreshments, entertainment, souvenirs in addition to other services like fuel. The extra work generated in those actions are mostly entrenched in the local economy as opposed to others that depend on products and services like clothes and books which are imported from Australia’s major cities

  1. What does an economic impact study of an event measure? Why are locals not included in the calculation?

Economic impacts study of an event on the macro economy can be categorized into two: 1) primary economic impacts and, 2) secondary economic impacts. Primary impact is often the direct impact of the event that is measured by surveying the participants or evaluating the business sales while the secondary impacts are the impacts that are brought by the introduction new capital/money within the economy. As the secondary impacts spread out, they affect more and more on the economy which can be termed as the ‘ripple effect’ which is mainly brought about by the expenditure of new money in areas like the wages in additional to the local products in the local region. This ‘ripple effect’ is usually measured by multipliers

The addition of secondary impacts presents a further precise assessment, because it indentifies the interdependence of diverse segments inside a region and the dependency of the region or town in importation of goods plus services. This is commonly measured by multipliers by computing the area’s outflow of the new expenditure. Multipliers work by a way of measuring the quantity of money used that does not flow out of the region due to additional expenditure on products plus services that are not sourced inside the local area. In regions that are dependent on importation of goods pus services, the quantity of money that is left within the local economy is a lesser amount than what is spent by the consumers. The reason behind this is that some of the regions and towns who are extremely dependent on imported goods and services and are not incredibly self-reliant. For example, Sydney is more self-reliant and rarely depends on imported goods in additional to services than Canberra, and on the other hand Canberra is incredibly self-reliant and barely need to import numerous goods plus services as Thredbo.

The mechanism of multiplier is taking into consideration the amount of outflow from a region and articulating the sum of retained income as a ratio. The higher the size of the ratio, the less the sum of the outflow from the town or region. The multiplier measures the rise in the intensity of economic activity in the region or area as an outcome of direct tourist spending hence the locals are not included in the calculation.

  1. .What are some of the long-term legacy implications of the Olympics? In answering, contrast the case studies of Sydney and Barcelona

Every event that is held has an impact and a legacy. Big events have greater benefits like destination image, metropolitan development plus the legacy left following the event. It is important to do an early legacy planning, So as to get the best in the lasting potential for these maximum benefits.

Event legacies can be classified into social, economic, environmental, technological, political and legal. The legacies that can be impartially measured are economical and partly physical, technological and environmental legacies.

There are case studies of Sydney Olympic Games that depicts that though they may be recognized as the finest games yet, there was negligible planning for the legacy after the games, and there are ongoing consequences up to date. Barcelona 1992 games planning and the city’s remodelling were a portion of the comprehensive long term re expansion and their legacy arrangement was component of a general dream for Barcelona.

The 1992 Olympic Games in Barcelona are a excellent illustration of what can be accomplished by enhancing the image of the town, better tourism plus metropolitan rejuvenation. The planning of 1992 Olympic in Barcelona, was concentrated on the long-standing benefits to the whole of Barcelona city, by boasting good reliable transport connecting different sites, feasible accommodation to use after the games plus an overall outlay policy made in stipulations of social benefits and enhanced communication which all took place six years after bidding for the 1992 games.

In Sydney, the areas that were next to the Olympic park, the social and political impacts were rendered insignificant by the necessity to put up symbolic and physical legacies of the Olympic Games, this means the extra tangible fundamentals. The lack of society contribution in the planning process, there were negative social impacts that came about. The Olympic handed the Auburn council a chance for metropolitan governance that could have been approached in an entrepreneurial style especially the expansion of amenities that could be promoted to bring in investment in the region.