Risk identification and risk response of tourism real estate development projects—— Nanxun ancient town

Abstract

In the 1980s, an ancient town took the lead in developing tourism, which led to a boom in the growth of tourism in ancient towns in China. Due to the in-depth development of ecological tourism in China and the promotion of social media, more customers recognize the attraction of the ancient town. Applying and updating project information and finding major risk factors can impact the Chinese ancient town projects. The main aim of this research is to utilize risk identification and risk response to manage major risks. In this research, the FMEA method was considered and then all information was inputted into the formula, finally, the RPN with eight risks of information was ready for risk identification and response. It creates a risk identification with three major risks and reduces the probability, which positively affects risk response at the right time. Discussing the major risks of the project and improving the ability of risk identification with some risk responses.