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Resort Development Concepts
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Timeshare
A property with a divided form of ownership or use rights. These properties are typically resort condominium units, in which multiple parties hold rights to use the property, and each owner of the same accommodation is allotted their period of time. Significance: Timeshares allow for multiple individuals to share the cost of a property, making vacation homes more accessible while also providing a reliable customer base for the resort.
Carrying Capacity
Refers to the maximum number of individuals that an environment can support without negative effects. In resort development, it's the number of visitors that can be accommodated without causing damage to the physical, economic, sociocultural environment and an unacceptable decline in the quality of the visitor experience. Significance: Understanding carrying capacity helps in sustainable resort development and management.
Master Planning
A dynamic long-term planning document that provides a conceptual layout to guide future growth and development. It includes analysis, recommendations, and proposals for a site's population, economy, housing, transportation, community facilities, and land use. Significance: Master planning is essential for the organized, efficient, and sustainable development of a resort.
Amenity Migration
The movement of people to destinations that have a high quality of natural, cultural, or social environments, which will often lead to the development or enhancement of resorts in these areas. Significance: This concept is significant as it can drive economic development but may also result in environmental and sociocultural impacts that need to be managed.
Mixed-Use Development
A type of urban development that blends residential, commercial, cultural, institutional, or entertainment uses, where those functions are physically and functionally integrated, and that provides pedestrian connections. Significance: Mixed-use development can enhance the guest experience by providing a variety of amenities and services conveniently located within the resort.
Sustainable Tourism
Tourism that respects both local people and the traveler, cultural heritage and the environment. It seeks to provide people with an exciting and educational holiday that is also of benefit to the people of the host country. Significance: Sustainable tourism is important for ensuring long-term viability and success of the tourism and resort industry, and for preserving resources.
All-Inclusive Resort
A resort that includes all meals, drinks (alcoholic and non-alcoholic), snacks, and many activities in the price of the accommodation. Significance: All-inclusive resorts simplify the vacation experience for guests and can be a significant selling point for resorts in competitive tourist markets.
Feasibility Study
An assessment of the practicality of a proposed plan or method. In resort development, this includes the analysis of all aspects such as economic, legal, technical, and scheduling considerations. Significance: A feasibility study helps to objectively and rationally uncover the strengths and weaknesses of a proposed resort development, opportunities and threats, and resources required to carry through, and ultimately the prospects for success.
Ecotourism
A form of sustainable tourism that focuses on experiencing natural areas in ways that lead to conservation and improvement of well-being for local people. Significance: Ecotourism strives to minimize impact, build environmental and cultural awareness, and provide positive experiences for both visitors and hosts.
Experience Economy
An economic concept where businesses create memorable events for their customers, and the memory itself becomes the product. In resorts, this approach leads to the development of unique and immersive experiences. Significance: The experience economy is significant in resort development for differentiating offerings and creating deeper connections with guests.
Destination Marketing
The coordinated and strategic promotion of a destination to drive consumer engagement and visitation. Significance: Effective destination marketing builds awareness and appeal for a resort and can lead to increased visitation and economic benefit.
Revenue Management
The application of disciplined analytics that predict consumer behavior at the micro-market level and optimize product availability and price to maximize revenue growth. Significance: Revenue management is crucial to resort development by ensuring that pricing strategies meet both business objectives and market demand.
Green Building Practices
Refers to the practice of creating structures and using processes that are environmentally responsible and resource-efficient throughout a building's life-cycle: from siting to design, construction, operation, maintenance, renovation, and deconstruction. Significance: These practices are essential for resorts looking to minimize their environmental impact and appeal to eco-conscious guests.
Over-tourism
A situation where there are too many visitors to a particular destination. It can lead to congestion, a strain on infrastructure, environmental degradation, and a negative impact on residents' lives and on the visitor experience. Significance: Resorts must manage over-tourism to maintain sustainability and host community well-being.
Resort Life Cycle
The concept that resorts, like products, go through stages of development: introduction, growth, maturity, and decline or rejuvenation. Significance: Understanding the lifecycle helps resort managers and developers in planning for renovations, rebranding, or other strategies to maintain relevancy and profitability.
Cultural Sensitivity in Development
The acknowledgement and respect for the cultural differences and similarities within the host community where a resort is being developed. Significance: It ensures that development does not harm local heritage and fosters positive relationships between the resort and the local community.
Tourism Satellites Account (TSA)
An international standard statistical framework for the economic measurement of tourism. Significance: TSA measures the contribution of tourism to the economy and allows for comparison with other economic sectors. Essential for precise, strategic decision-making in resort development.
Infrastructure Development
The construction and improvement of foundational services and facilities such as transportation, telecommunications, water supply, and energy. Significance in resort development involves creating the necessary support for resort operations, enhancing accessibility and providing a comfortable guest experience.
Visitor Experience Design
The practice of designing products, services, and environments from the perspective of the visitor, aiming to enhance satisfaction by improving usability and the pleasure provided in the interaction. Significance: Visitor experience design is crucial in resort development to ensure guest satisfaction and creating return visitors.
Adventure Tourism
A type of tourism involving travel to remote or exotic locations in order to participate in physically challenging outdoor activities. Significance: Adventure tourism is significant in resort development as it can attract a niche market and promote unique, location-specific experiences.
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