Business Administration 2257 Study Guide - Deferred Income, Cash Flow
27 May 2014
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Growth in short-haul travel and shorter holiday breaks: resorts around the gta are ideal to attract these short visits. Trips more frequently include children: resorts must offer activates for all age groups (family friendly) Decline in ski and golf industry (oversupply: secondary attractions/revenue sources required for resort. International ski visits did not come to ontario. Dramatic growth in activity based locations: tourists seeking thrill-based activities. Largest threat from blue mountain: need new crazy activities, need to position as multi-activity resort (more than 1 day, closer location to toronto, advanced real estate offering. Net cash flow from ops is large and positive (2. 3 million) Deferred revenue: prepaid ski passes ; guaranteed visitors for the next year. Amortization: large expense; makes sense given capital intensive nature. Strong sales and profitability reflects sustainable operations: major sources and uses. Uses: debt and leases, land and property, matching. Ncf from expenses paying down debt and investing in fixed assets.
