Tourism Investment

An investment in the Tourism Industry in Katherine in the Northern Territory of Australia is a sound investment. In the Katherine Times, Katherine's weekly newspaper, on 16/7/08, the front page says TOURIST NUMBER UP.

A manager of one of the Tourist Parks is quoted as saying that it has been a bumper season. His park and others have been booked out every night, serving 100 meals each night to the hungry tourists. The caravan park in question has a capacity for 500 and they have even had to let caravans camp in areas that have been designated as no parking areas due to lack of available accommodation at other Tourist Parks in the area.

If this doesn't prove that an investment in Elvira's Paradise is a wise investment then what will. Elvira Loquias has a 79acre property with approval to develop a Tourist Park. She is looking for an investor to contribute $300,000 to help complete the development.

The difference between her Tourist Park and the others in Katherine is that it is the only Park in the Katherine area that didn't get flooded in the 1998 flood, so not only will the Park be successful during the tourist season it will also be the best place to stay during the wet season. Because of its location you can be certain that the guests and their property will be safe even if Katherine gets another flood where 6ft of water inundates the main street.

In the same article it says that the Tourism Authority believes that visitors are staying in Katherine longer due to the ever increasing attractions of the region, even the huge upswing in fuel prices hasn't deterred the tourists from coming to Katherine. The Authority itself encourages investors to consider and investment in the accommodation industry in the region.

It also states that one problem facing the tourist industry is limited accommodation options, Elvira's Paradise will help solve this perceived problem. Elvira with the help of further investment, will be providing Bali Hut style accommodation and quality furnishings. The quality of accommodation has not been seen in a Tourist or Caravan Park in the Northern Territory before now.

By: Emil
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