Feasibility of a Resort in Costa Rica Research Proposal

Feasibility of a Resort in Costa Rica - Research Proposal Example Rapid growth in tourism can also create an imbalance in labour supply causing even illegal immigration and create housing problems (Cohan, 2008) Environmental Feasibility Costa Rica's president Arias has pointed out that even though achieving fiscal goals is essential, it is to be achieved in accordance with the environmental objectives (Cohan, 2008). In order to protect the natural environment Costa Rica's Government follows stringent steps. For instance, as pointed by Costa Rica Tourism (2008 c) Allegro Papagayo, a hotel on Costa Rica's Pacific Coast received orders to close down since it was polluting the environment with wastewater from the Ministry of Health, with the support of Ministry of environment and Energy and the Costa Rica Tourism Board. By applying strict measures, the country hopes to keep the tourism industry flourishing in the years to come. Government involvement and eco tourism compliance will ensure that visitors keep coming and that the ecological balance is not disturbed. Social Feasibility Tourism increases cultural awareness. It imparts a deeper sense of identity among the locals while also exposing them to globalization. For tourists, visiting new places is a way of knowing about different cultures as well. Ecotourism professes respect for other cultures. By attracting national and foreign investment and encouraging modernization and influencing the mindset of Costa Ricans, the Costa Rican Investment and Trade Development Board aims to improve the life of Costa Ricans (Strauss, 2008). Economic Feasibility Costa Rica has been described as a "real estate investor's dream" and has seen a lot of growth in real estate investment (Costa Rica Tourism, 2008 a). Recently, Hilton has entered the Costa Rica market under the... This paper presents a modern comprehensive review of the state of the tourism industry in Costa-Rica. Also the paper explores the feasibility of a construction of the new resort from economical, social and environmental points of views. The existing scenario in Costa Rica is deemed conducive for resort projects. The government has implemented a strategy to preserve what is Costa Rica’s unique selling point, namely its bio diversity, by ensuring that modernization and globalization does not occur by compromising the ecological balance. Tourism, clearly helps to create more jobs and generate higher revenues for the country. Due to its bio diversity Costa-Rica is considered an ideal spot for naturalists, eco tourists and any one who loves nature. Although a relatively new trend in travel, ecotourism is the fastest growing sector of the tourism industry - the world's largest service industry - with an average annual growth rate of 20 to 30 percent. Government involvement and eco tourism compliance will ensure that visitors keep coming and that the ecological balance is not disturbed. Tourism increases cultural awareness. It imparts a deeper sense of identity among the locals while also exposing them to globalization. For tourists, visiting new places is a way of knowing about different cultures as well. Ecotourism professes respect for other cultures. Recently, Hilton has entered the Costa Rica market under the name Hilton Papagayo Resort. It is also a member of the Certification for Sustainable Tourism Program