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Overview: The City of Parramatta has recently considered the role of the ’night time economy’ in Parramatta (see documents vUWS) and hospitality features as an important part of the night time economy. Night time economies have seen varying levels of success around the world and also come with their own sets of unique problems. Parramatta Council has embraced the concept of the night time economy and has created a framework which is aimed at transforming Parramatta into a 24 hour city.
Details: As a group you are to research the pros and cons of Parramatta becoming a 24 hour city by looking at the document provided by Parramatta Council and examples around the world.
Hospitality will form a key component of the night time economy and as such it is important to be aware of the hospitality offerings in the Parramatta region. Your first activity for this assessment will be to research the existing hospitality offerings in Parramatta.
Your group is then asked to consider the perceived advantages and disadvantages that are associated with the creation of this night time economy. To assist your understanding, you are asked to research other night time economies from around the world and investigate the advantages and disadvantages that have been associated with these other night time economies. Look broadly at the many positives and negatives that come with creating a night time economy and use examples and research to demonstrate your points.
Using the information you have gathered you are asked to provide advice on what role a nighttime economy in Parramatta may play in the hospitality industry recovering from the COVID 19 pandemic. This will involve looking at those positive and negative points you have identified through your research and turning them into recommendations which may be implemented in Parramatta or outlining reasons for recommending against a night time economy. For example, is the increased economic activity a big enough drive or are their other factors such as increased crime rates which counted this – these are issues for you to consider, discuss and ultimately make your recommendation.
Your decision should be based on the evidence you have found during your research of nighttime economies and take into consideration the uniqueness of the Parramatta city region. Essentially you are looking to use these examples as the basis of an argument in which your group will outline their position on a night time economy in Parramatta. Your report should be written as if you are presenting to Parramatta Business Chamber which includes local business who are looking for direction about the possibilities as the industry recovers from the COVID 19 pandemic and are looking to your group as trusted experts.
***I have uploaded the example, please help me to finish the first part only (Introduction and overview of current night time economy). Using the “Parramatta night city framework 2020-2024” and some documents provided as some sources that you can find. Thank you.