Attractions Are the "Pull Factors" of a Destination, and Every

question 5

Essay

Attractions are the "pull factors" of a destination, and every tourist destination has a variety of attractions for visitors to enjoy.Sometimes, nature provides major attractions for an area, but most attractions are manufactured.Outline the resources your city/area has in this industry by discussing:
a)Four different types of attractions, providing an example of each located in or near your city
b)How each attraction is owned/managed
c)Two methods of raising funds that each attraction likely uses to stay in business
d)Which of the four attractions that you listed in a)do you feel has the greater "pull" for tourists?
Justify your answers.

---

Definitions:

Arbitrage Pricing Theory

A theory that designs to predict the price of assets by considering the relationship between a financial asset's returns and the macroeconomic factors that directly affect it.

Expected Return

The anticipated value or profit generated by an investment over a given period, factoring in all potential outcomes and their probabilities.

Systematic Risk

The danger that affects all investments within an entire market or a specific sector, commonly referred to as market risk or non-diversifiable risk.

Treasury Bills

Short-term government securities issued at a discount from the par value and pay no interest.