Abstract
Based on BOT model in the eco-tourism infrastructure and from the perspective of the Eco-tourism Enterprises, this article analyzes the game of the concession periods, the game of the costs and the game between the two to achieve the Maximization of Eco-tourism Enterprises’ profits by using some related theories and methods.
Highlights
With the rapid development of economythe Great Western Development and the implementation of the strategy of central China, the development of eco-tourism industry (Lachapelle, P. (1998),Teece D. 1997,Kumaraswamy et al 2001)is bound to become a new economic growth point, the investment demand gap of eco-tourism facilities will increase, relying solely on government investment can not meet the huge demand of the growing eco-tourism facilities
The BOT model (YANG H and MENG Q 2002,Shengfeng L et al 2008,Xinmin Z 2010)is that government departments will firstly transfer the concession of the eco-tourism facilities to tourism enterprises in a certain period of time, Tourism enterprises are responsible for the construction and operation of the project, and charge fees to repay the debt or profit according to the specific way, Tourism enterprises will transfer the project of the eco-tourism facilities to the government departments with free or pre-agreed price until the expiration of the ecological tourism projects
When selecting CT1 tourism enterprises have higher construction costs and lower maintenance costs, selecting the CT2 tourism enterprises have higher maintenance costs and lower construction costs; If the duration of the concession cost is greater than TB and tourism enterprises selects the cost CT1, the total cost is smaller. It appears that the concession period in the BOT projects of the eco-tourism facilities is too short, the tourism enterprises in the BOT projects will choose a lower construction cost, which will affect the quality of the eco-tourism facility construction, So that the high maintenance costs of government departments will be very high and the income of government departments will be reduced after the ecological tourist facilities are transferred from the tourism enterprises over to the government
Summary
With the rapid development of economythe Great Western Development and the implementation of the strategy of central China, the development of eco-tourism industry (Lachapelle, P. (1998),Teece D. 1997,Kumaraswamy et al 2001)is bound to become a new economic growth point, the investment demand gap of eco-tourism facilities will increase, relying solely on government investment can not meet the huge demand of the growing eco-tourism facilities. They must make clear the relation between the total costs of the investment and the BOT concession for eco-tourism facility construction projects during the game.
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