Project: Business Plan for an Australian Tour (Finance & Logistics)

This project outlines a detailed plan for an Australian tour, encompassing various aspects from itinerary and destination selection to financial planning and budgeting. The student proposes a 16-day trip, focusing on key locations like Sydney, the Daintree National Park, and the Great Barrier Reef, with estimated entry fees and daily costs. The project includes calculations for compounded interest to save for the trip and analyses alcohol consumption and its impact on driving, including blood alcohol content (BAC) calculations and legal limits. Overall, the project demonstrates an understanding of travel planning, financial management, and risk assessment within the context of a business-oriented project.

Running Head: AUSTRALIAN TOUR 1
Australian tour
Name
Institute of affiliation
Date

AUSTRALIAN TOUR 2
Australia has a history that is enjoyable to read since it was started as a colonial prison since
Britain had large colonies throughout the world (Nye, 2016). However, with the rise of the
United States as a superpower, Britain was overthrown where they were forced to give up all
their colonial territories to the natives (Owen, 2013). Unlike America that has both the natives
and the immigrants, Australia was purely made up of immigrants during the colonial times
(Castles, De Haas & Miller, 2013).
The trip is to Australian tour since Australia is fascinating both as a continent and a country.
Cultural diversity in this land is extensive and has rich natural features such as forests and other
physical forms in that has never been tampered with for centuries. The strip shall be on summer
July 8th to July 16th, the year after graduation.
Air travel is the fastest and safest of all modes of transport. It takes several weeks from this
country to Australia through the ship, and this can be exhaustive bearing in mind that the tickets
for air travel and water travel are almost the same. I would prefer to stay in a four-star hotel
since other than high quality services, they are also affordable. For the whole sixteen days, I will
prefer to stay in one hotel at Sidney in the Felix Hotel. The cost is $ 25 per night, and therefore
for 16 days, it would roughly cost $ 4000. Several places that I would hope to visit are the
marine parks, beaches, mountains, national park and the famous opera house in Sidney.
Among the places that shall be visited include the Daintree National park, Fraser Island, Kakadu
national park, Kangaroo Island, Sydney opera house, Great Barrier Reef Marine Park, Uluru-kata
Tjuta national park and Bondi beach (Vugrin, 2017). The entry cost for those places is shown in
the table below.

AUSTRALIAN TOUR 3
location Entry fee Number of days Total cost
Daintree National
park
$ 50 2 200
Fraser Island, Free 1 0
Kakadu national park $ 50 2 500
great barrier reef
marine park
$ 150 3 450
Bondi beach. Free 3 0
, Uluru-kata Tjuta
national park
$ 150 1 150
Sydney opera house $ 30 3 90
Australian museum $ 10 1 $ 10
Total $ 900
The total cost for all the locations where I plan to visit is approximately $ 900. The meals are
cheap in Australia, and therefore $ 150 is more than enough for food since some of the visited
places are in rural areas where food is readily available. For transport from one place, another
$100 is sufficient for the whole trip.
Among the souvenir that I would like to buy are the Australia hats, they are both fascinating and
beautiful to look at. $ 20 hat is enough for me. The total cost of the trip is $ 5200. This is a

AUSTRALIAN TOUR 4
little high for a student, but with vocational jobs and work-study along with subtle investments, it
is possible to raise that amount of money.
b. Calculations
Amount = P(1+r)nt
= 2000(1+ 0.04/4) 4 x4
= 2,345.15
This is not enough for the whole trip.
c. compounded daily
5200 = 2000(1+ r/365) 4 x365
R= 23.89%
D. compounded continuously
Amount = Pert
= 2000 x e 0.04 x 4
= 2347.02
This amount abstained by compounding continuously is less than the amount obtained when
compounding daily at the rate of 23% by $ 2853.9

AUSTRALIAN TOUR 5
Alcohol and driving
a. Finding k
R= exk
1.4 = e k x 0.02%
Log 1.4 = 0.0002k log e
730.64 = k log e
K = 1682.36
b. Risk at 0.17%
R = e 1682.36 x 0.17%
= 17.46
c. Value BAC at r = 100
100 = e 1682.36 * x
X = 0.0236%
d. Arrest should be done BAC =?
4 = e 1682.36 * x
X = 0.082%
e. Florida requires BAC to be under 0.08% for drivers
For a woman, it requires 3 drinks with an hour while for men it is four drinks.
For one to drive in Florida he or she has to be at least 21 year

AUSTRALIAN TOUR 6
References
[Australia Tour Down Under - international cycle race]. (n.d.).
Castles, S., De Haas, H., & Miller, M. J. (2013). The age of migration: International population
movements in the modern world. Macmillan International Higher Education.
Owen, R. (2013). State, power and politics in the making of the modern Middle East. Routledge.
Nye Jr, J. S. (2016). Bound to lead: The changing nature of American power. Basic books.
Ross, A. (2012). Australia 55. Place of publication not identified: Faber & Faber.
Vugrin, V. (2017). Types of tourism in Australia (Doctoral dissertation, Polytechnic of
Međimurje in Čakovec.).