A Critical Study of Income Patterns After the Event Tourism in Sri Lanka Essay Example for Free

A Critical occupy of Income Patterns After the Event tourism in Sri Lanka EssaySri Lankan touristry has improved with the end of the urbane war in 2009 it has able to bring many tourists from miscellaneous nationals to Sri Lanka ascribable to improvement of Security and other touristry related infrastructure. Sri Lankatourism is focusing on promoting Sri Lankan tourism done many areas that can get competitive advantage from its key competitors. Event tourism considered as the modish addition to the Sri Lankan tourist industry, with the intention of latent to be a key tourist attraction to widget the attention of many tourists by organizing various international and local events ascends the tourism in Sri Lanka and to earn true foreign exchange and expertise from other countries. During 2008-2010 development of world tourism remained flat due to the lather recession world has gone done after 1930s.During 2009 world tourism has dropped dramatically by 5.5% and in 2010 growth of tourism remained flat. This slump of tourism did not affect Sri Lanka badly but the phase Sri Lankan civil war was ending (2008-2009) tourist arrivals had dropped considerably. But has able to rebound from the droop during the post war blockage due to the progress of situation security of the island. Event tourism is an important and rapidly growing piece of international tourism . An article by Getz in 1989 in Tourism Management.Problem Statement gibe to Mahinda Chinthaya which is organizations philosophy on development of Sri lanka, tourism considered as key income generator for SL sparing, tardily SLB has spend firmly on organizing major international events to attract foreign tourist to Sri Lanka. These events have many merits and failures to make away and through this research author will do a critical study of income patterns after the event tourism in Sri Lanka which is essential go on improvement of the Sri Lanka travel industry. So the study is consist o f information regarding the revenues and expenses occurred recently concluded Events in Sri Lanka. Critical study of income patterns after the event tourism in Sri Lanka which is essential further improvement of the Sri Lanka travel industry. Problem JustificationIncome after events conducted in SL gone under public conjecture, assignment of income generated thorough sale of goods and services during the time of an event is a vital factor in future(a) event planning.Analyses of the expenses made by private sector and government is important since some of the damage unable(p) to be accounted due to poor accounting policies used by firms. Since that its important to identify the income generated by locals as well as foreigners by conducting events in Sri Lanka. All the income generated sponsorships given by the foreign firms for events conducted in SL and the identification of the publicity given by local and foreign media which has given good image most Sri Lanka and future inco me can be generated from these promotions. Though analyze author critically evaluate the income pattern after event tourism in Sri lanka and areas that critical have a impact on, Event tourism Sri Lanka which has been seldom overlooked by the government of Sri Lanka to develop the countries tourism.Objectives of the Study* Objective of leting key areas that able Sri Lanka should develop to Event tourism. * Evaluating past international events organized by Sri Lanka tourism to promote tourism in Sri Lanka. * To find start the relationship between past events and their revenue generation to gain positive financial out comes to Sri Lanka. * Recommend the areas that Sri Lanka Tourism should widen to gain more financial and to Promote Sri lanka as a major Event tourism destination. * Find out the structure of the Sri Lanka tourism and how to develop to add more pecuniary returns though improvement of its functions.Significance of the StudyScope of the study- research going to be profou nd and comparative analysis of the research topic. Population for the research is been events the recently held in Sri Lanka (2009-2011), following constraints also been identify during the offshoot of the research. Sample for research-Data available of the events conducted in Sri Lanka are not well documented and large scale events has the deviate of the government. Since some of the cost incurred during the events are not available. Therefore the author has chosen the samples from events that have primary cost of more than 30 million to conduct an event, because hundreds of events done individualsfocusing on Tourists. Below mentioned groups are benefited from this fibEvent organizers Through analysis of this Research help event organizers identify returns and expenses of conducting events. Also it will head them development weaknesses which they done in past events and use their strength effectively. Tourism professionals of the industry (promoters) this able to identify the areas they should develop attract from tourists and to built image on other countries to visit Sri Lanka by using various cost effective and creative incentives attract more visitors to Sri Lanka to attend the future events. Government- This will help government identify the areas that should improve outcomes of the events conducted by various parties to attract tourists, which gives a valuable contribution to the local economy and to make a productive return from their investments. Media-Research will guide local and foreign media carry out widespread promotion events on Sri Lanka and the boost the image of Sri Lanka as a major tourism destination. future day researchers- Research on this topic guide future researchers to an in-depth research in subject matter.Scope of the StudyResearch will be focused on revenues or the income generated from event organized by Sri Lanka Tourism and it will identify the how the income patterns during the period of 2009-2011.Research contained the events conducted in Sri Lanka focusing only on attracting foreign tourist with supporter of the government. Thorough analysis of the research people related tourism, particularly people who financing the similar events discussed in the research.Chapter 2 Literature ReviewChapter 3 Research MethodologyIndependent VariablesDependant Variable surmisal