Travel Reference
In-Depth Information
You could plan a trip to a well-known tourist attraction
•
An overseas visit for travel and tourism students;
Activity 2.12
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A travel and tourism information and advice
centre;
If you are having diffi culty thinking of a suitable idea
for your project, have a brainstorming session with
others in your group, listing as many projects as you
can. When you have fi nished your list, take each
idea in turn and discuss its feasibility with the rest
of your project team. If all goes according to plan,
you should be able to reach a consensus on which
project to tackle.
•
A coach trip for a group of local people;
•
A cycle hire scheme for tourists to your area.
Remember that whatever you choose to do must be
related to the travel and tourism sector. Your tutor
will give you advice and ideas about what your team
could plan. It may be possible to plan the project
in conjunction with a local organisation, perhaps a
charity. Alternatively, there may be a local travel and
tourism organisation that would welcome the chance
to become involved with the project, adding realism
to your work.
This activity is designed to provide evidence for P4.
fl ow management is critical to any travel and tourism
organisation, in order to:
•
Be in a position to meet cash demands;
Cash l ow forecast
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Ensure that maximum credit is being obtained;
A cash fl ow forecast is an essential fi nancial tool
needed by any new or existing travel and tourism
business. It is a detailed record showing the estimated
cash fl owing into and out of an organisation, usually on
a monthly basis over a 12-month period. Detailed cash
•
Make sure that debtors (people who owe the
business money) are kept under tight control;
•
Determine when extra borrowing is needed.
