ABSTRACT

Therefore, special attention to investment appraisal has its place in a book dealing with various economic aspects of tourism.To a large extent the methods dealt with in this chapter are not unique for the tourism sector. However, any responsible person in tourism should have knowledge of the right approach to evaluating a tourism project. Probably the responsible person – public or private – will not carry out the investment appraisal; nonetheless, he or she should be able to understand the results of such a study.