magistrsko delo
Laura Hoheger (Author), Karmen Pažek (Mentor)

Abstract

V magistrski nalogi je bila analizirana ocena investicije v izgradnjo apartmajev na turistični kmetiji. Na podlagi predhodno ocenjenih vhodnih podatkov o stroških in prihodkih ter višini investicije smo razvili štiri simulacijske modele, na katerih temelji finančna analiza. Kot osrednjo metodo smo uporabili Cost Benefit analizo (CBA), s katero smo ocenili ključne finančne parametre, kot so neto sedanja vrednost (NSV), interna stopnja donosnosti (ISD) in doba povratka investicije. Celotna investicija je znašala 427.173,90 €. Analizirani scenariji se med seboj razlikujejo glede na zasedenost dni na leto in ceno bivanja. Scenarij 1 predvideva zasedenost 90 dni na leto, kar prinaša letne prihodke v višini 49.500 €, stroške v višini 8.416,57 € in letni denarni tok (LDT) 41.083,43 €. Investicija se pri obrestni meri 5,50 % povrne v šestnajstem letu z interno stopnjo donosnosti 5,58 %. Scenarij 2 predvideva zasedenost 108 dni na leto, kar prinaša letne prihodke 71.280 €, stroške v višini 9.287,77 € in LDT 61.992,23 €. Investicija se pri obrestni meri 5,50 % povrne v devetem letu. Investicija doseže interno stopnjo donosnosti 5,70 %, kar pomeni, da je NSV v devetem letu še vedno pozitivna. Scenarij 3 predvideva zasedenost 108 dni na leto, kar prinaša letne prihodke 83.160 €, stroške v višini 9.762,97 € in LDT 73.397,03 €. Investicija se pri obrestni meri 5,50 % povrne v osmem letu z interno stopnjo donosnosti 7,66 %. Scenarij 4 predvideva zasedenost 126 dni na leto, kar prinaša letne prihodke 102.060 €, stroške v višini 10.518,97 € in LDT 91.541,03 €. Investicija se pri obrestni meri 5,50 % povrne v šestem letu z interno stopnjo donosnosti 7,69 %. Naloga je vključevala tudi anketni vprašalnik, s katerim smo želeli ugotoviti preference in vedenje anketirancev glede bivanja na kmetiji, da bi lahko ponudbo prilagodili njihovim potrebam in pričakovanjem. Poleg tega smo izvedli še SWOT analizo, s katero smo opredelili prednosti, slabosti, priložnosti in nevarnosti, ki bi lahko vplivale na investicijo v apartmaje na turistični kmetiji. Rezultati naloge ponujajo dragocene vpoglede v finančno smiselnost investicije ter omogočajo boljše načrtovanje prihodnjih projektov na področju turističnih nastanitev

Keywords

turistična dejavnost;ekonomika;ocena investicije;

Data

Language: Slovenian
Year of publishing:
Typology: 2.09 - Master's Thesis
Organization: UM FKBV - Faculty of Agriculture
Publisher: [L. Hoheger]
UDC: 338.48-53:63:657.424.4:631.1(043)=163.6
COBISS: 234808579 Link will open in a new window
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Downloads: 1
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Other data

Secondary language: English
Secondary title: Financial analysis of an apartment construction investment on a farm- a case study
Secondary abstract: In the master's thesis, an investment evaluation for the construction of apartments on a tourist farm was analyzed. Based on previously assessed data on costs, revenues, and the investment amount, we developed four simulation models, which form the basis of the financial analysis. As the central method, we used a Cost-Benefit Analysis (CBA) to evaluate key financial parameters such as Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Period of the investment.The total investment amounted to €427,173.90. The analyzed scenarios differ based on the number of occupied days per year and the cost of accommodation.Scenario 1 assumes an occupancy of 90 days per year, generating an annual revenue of €49,500, costs of €8,416,57, and an annual cash flow (ACF) of €41,083.43. At an interes trate of 5.50 %, the investment pays back in the sixteenth year, with an IRR of 5.58 %. Scenario 2 assumes an occupancy of 108 days per year, generating an annual revenue of €71,280, costs of €9,287.77, and an ACF of €61,992.23. At an interest rate of 5.50 %, the investment pays back in the ninth year, achieving an IRR of 5.70 %, which ensures that the NPV remains positive in the ninth year. Scenario 3 assumes an occupancy of 108 days per year, generating an annual revenue of €83,160, costs of €9,762,93, and an ACF of €73,397.03. At an interes trate of 5.50 %, the investment pays back in the eighth year, achieving an IRR of 7.66 %. Scenario 4 assumes an occupancy of 126 days per year, generating annual revenue of € 102,060, costs of €10,518.97, and an ACF of €91,541.03. At an interest rate of 5.50 %, the investment pays back in the sixth year, achieving an IRR of 7.69 %. The thesis also included a survey aimed at identifying the preferences and behavior of respondents regarding staying on a farm, with the goal of tailoring the offer to their needs and expectations. Additionally, a SWOT analysis was conducted to identify strengths, weaknesses, opportunities, and threats that could affect the investment in apartments on the tourist farm. The results of the thesis provide valuable insights into the financial viability of the investment and enable a better planning of future projects in the field of tourist accommodation
Secondary keywords: tourism activity;economics;investment evaluation;Univerzitetna in visokošolska dela;
Type (COBISS): Master's thesis/paper
Thesis comment: Univ. v Mariboru, Fak. za kmetijstvo in biosistemske vede
Pages: 1 spletni vir (1 datoteka PDF (VII, [60], [2] str. pril.))
ID: 25679664