Ecolodge Development Models A New Paradigm in Donor Project Interventions By Megan Epler Wood.
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Transcript of Ecolodge Development Models A New Paradigm in Donor Project Interventions By Megan Epler Wood.
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Ecolodge Development Models
A New Paradigm in Donor Project Interventions
ByMegan Epler Wood
![Page 2: Ecolodge Development Models A New Paradigm in Donor Project Interventions By Megan Epler Wood.](https://reader035.fdocuments.us/reader035/viewer/2022062518/56649ddf5503460f94ad8e47/html5/thumbnails/2.jpg)
CONTEXTPrivate Sector’s Pivotal Role in
the implementation of ecotourism in
LDCsBased on:
• World Bank/IFC Study on Business, Market, & Technical Assistance Models for Ecolodges
• Competitiveness US AID Model Ecolodge project in Sri Lanka
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OBJECTIVESImproving the Financial Sustainability of Donor
Interventions in Ecotourism:• Channeling Funds Through Local Socially and
Environmentally Responsible Companies• Performing Advance Business & Market Due
Diligence• Funding Monitoring & Evaluation • Triple Bottom Line Cost-Sharing
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Key Findings IFC Study• Determinants of Demand
– Wildlife, Access, Quality of Information, Destination Image
• Ecolodge Business Fundamentals– Long break even period of 4-5 years– Emerging business sector with 10% annual growth
potential– Low marketing costs of 10%, high expertise required– Need for patient investment, mix of loans and grants
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Results of IFC Study• Ecolodge Technical Assistance Needs
– Market & Business Systems– Technical Systems to reduce waste, water,
energy– Guide & Business Training– Triple Bottom Line Approaches
• Recommended Approach– Business Mentorships– Support from Senior Ecotourism Businesses
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Sri Lanka Case
Sri Lanka Model Ecolodge
• 4 year research program -- Tourism Cluster Identifies Market Opportunities
• Private Sector Model Ecolodge Company -- $1 million investment via consortium of leading hoteliers
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Sri Lanka Case• $ 900K US AID Support towards:
– Technical Assistance on Environmental Systems
– International Market Outreach– Guide & Business Training for Staff– Community Development Program– Trust Fund Strategic Planning– Evaluation & Monitoring
• Biodiversity• Sociocultural• Economic development
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Strategic Recommendations
Ecolodge Business Models• Develop competence, awareness, & create alliances within business community
• Develop strategic market approach• Fund triple-bottom line costs - do not shift this
burden onto private sector until there are adequate profits - this is an emerging economy
• Develop long-term plan for replication of model• Work towards a profitable model that will fund
triple bottom line in long-term
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For more information:EplerWood International
www.eplerwood.comFor IFC STUDYwww. ifc.org/ebfp