Opportunities And Challenges For Tourism Investment
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Opportunities and Challenges for Tourism Investment by Anonim Pdf
It is widely recognized that the tourism industry is making a significant contribution to the socio-economic development of many countries in the Asian and Pacific region. To facilitate the consideration and subsequent discussions of the issues, Part One of this publication reviews a major study on 'Opportunities and challenges for tourism investment in the Republic of Korea'. Part Two reviews the reports on opportunities and challenges for tourism investment in Bangladesh, Cambodia, Fiji, India, Indonesia, Islamic Republic of Iran, Lao People's Democratic Republic, Malaysia, Maldives, Mongolia, Myanmar, Nepal, Pakistan, Philippines, Republic of Korea, Sri Lanka, Thailand and Viet Nam.
Tourism and Foreign Direct Investment by H. Cristina Jönsson Pdf
This is the first volume to examine and shed significant light on the issues, challenges and prospects presented by foreign direct investment (FDI) in tourism - a topic of increasing relevance in light of the covid-19 pandemic and economic consequences. This book addresses the need to examine the TFDI phenomenon considering resilient tourism development approaches and includes discussion on impacts of a rapidly evolving global pandemic on tourism. Recognising that its impact on tourism has only just begun, the book includes early estimates of the damage to the tourism economy and TFDI over 2020 and beyond. It considers how the COVID-19 pandemic may change society, the economy, and tourism, and how some of the key research needs to understand these changes and contribute to a more sustainable post-pandemic tourism sector. Through a collection of chapters focusing on principles, practices and a diverse range of destination case studies, the book considers TFDI from the economic, social and environmental and regulatory perspectives. Thus, the book will advance understanding of the positive and negative impacts of TFDI as well as how emerging problems and wider implications for local economies and communities can be managed more sustainably, while also discussing the transformative opportunities offered by TFDI regarding key economic, social and environmental issues. This will be essential reading for upper-level students and researchers in the field of tourism development.
Opportunities and Challenges of Tourism Financing by Bishnu Prasad Gautam Pdf
The study examines the tourism and tourism financing in triangular form. The first is the impact of tourism and tourism financing on the economic growth and development of the country. The second is the response of the Tourism Business Enterprises (demand side) about the pattern and effectiveness of tourism financing and the third one is the views of the Banks and Financial Institutions (supply side). It uses both primary and secondary data and applies various mathematical and statistical tools such as ratio analysis, correlation coefficient, Phi-coefficient, Chi-square test, t-Test for two sample means and regression analysis (OLS). It found a significant impact of tourism and tourism financing in the economic development of the country. Added to this, it found a significant variation in the structure of financing among various types of business (accommodation, travel, adventure and other business) and ownership forms of businesses (proprietorship firm, partnership firm, private limited and Public limited) based on the common size statements. It incorporated the magnitude of tourism financing, structure, pattern and the indicators of financing as well as the effectiveness of tourism financing.
Tourism and Foreign Direct Investment by H. Cristina Jönsson Pdf
This is the first volume to examine and shed significant light on the issues, challenges and prospects presented by foreign direct investment (FDI) in tourism – a topic of increasing relevance in light of the COVID-19 pandemic and economic consequences. This book addresses the need to examine the TFDI phenomenon considering resilient tourism development approaches and includes discussion on impacts of a rapidly evolving global pandemic on tourism. Recognising that its impact on tourism has only just begun, the book includes early estimates of the damage to the tourism economy and TFDI over 2020 and beyond. It considers how the COVID-19 pandemic may change society, the economy, and tourism, and how some of the key research needs to understand these changes and contribute to a more sustainable post-pandemic tourism sector. Through a collection of chapters focusing on principles, practices and a diverse range of destination case studies, the book considers TFDI from the economic, social and environmental and regulatory perspectives. Thus, the book will advance understanding of the positive and negative impacts of TFDI as well as how emerging problems and wider implications for local economies and communities can be managed more sustainably, while also discussing the transformative opportunities offered by TFDI regarding key economic, social and environmental issues. This will be essential reading for upper-level students and researchers in the field of tourism development.
Opportunities and Challenges for Tourism and Hospitality in the BRIC Nations by Dhiman, Mohinder Chand Pdf
The stability and wealth of a nation’s economy is dependent upon the success of various industrial sectors. The tourism industry has experienced massive growth in recent years, creating more jobs and becoming a source of foreign exchange. Opportunities and Challenges for Tourism and Hospitality in the BRIC Nations is a pivotal reference source for the latest scholarly research on the recent developments and contemporary issues within the services sector, highlighting cross-cultural implications as well as societal impacts of hospitality and tourism on emerging markets. Providing insight on managing and maximizing profitability, this book is ideally designed for researchers, professionals, upper-level students, and academicians involved in the services industry.
The 2020 edition analyses tourism performance and policy trends across 51 OECD countries and partner economies. It highlights the need for coherent and comprehensive approaches to tourism policy making, and the significance of the tourism economy, with data covering domestic, inbound and outbound tourism, enterprises and employment, and internal tourism consumption.
Government Policies for Tourism Investment in Rwanda by Kahigana Innocent Pdf
Essay from the year 2016 in the subject Politics - International Politics - Region: Africa, , course: Tourism, language: English, abstract: The success of tourism industry relies more on the government policies that influence private investment to take a lead in Rwanda. Despite the intended support by the government policies, some challenges were identified to hamper private investment in the tourism sector. Among them: increase in prices of private land; costly privately conducted EIA; shortage of funds and human resource capacity gap at local government levels; uncertain synergy among private sector and local communities in joint tourism ventures. There is the need to make improvements in these policies to facilitate private investment in tourism sector in Rwanda.
Tourism, Development and Growth by John J. Pigram,Salah Wahab Pdf
Distinguishing between sustainable development and sustainable tourism, the authors examine whether, and in what form, tourism can contribute to sustainable development and growth. Focusing on different types of tourism appropriate to particular situations, the team of leading contributors draws on examples from around the world - Canada, USA, Spain, Belgium, UK, Australia - to explore tourism's contribution to the economic, social, political and environmental advancement of developing countries and the importance of tourism in industrialised nations. This book examines the new policies and initiatives established by both the private sector and the state to pursue sustainable tourism growth and identifies the opportunities and challenges inherent in achieving it.
Global Opportunities and Challenges for Rural and Mountain Tourism by Devkant Kala,Satish Chandra Bagri Pdf
""This book examines the opportunities and challenges for rural and mountain tourism development in geographically disadvantaged areas"--Provided by publisher"--
Worldwide Opportunities in Travel and Tourism by Adam Starchild Pdf
During the last quarter of the 20th century, the travel and tourism industry has developed into one of the fastest growing sectors of the global economy. More people than ever travel for business and pleasure to destinations around the world. In the U.S., travel and tourism account for close to 7% of the GNP, making it the second largest sector of the country?s economy. In 1999, U.S. travel agencies sold close to $50 billion worth of tickets and billions more in travel-related services. As impressive as these numbers are, they are only a part of the travel services sold throughout the world. Travel and tourism have clearly become big business. There are many reasons for this. Competition among international and regional airlines has made air travel accessible and affordable for people everywhere. Many countries-particularly those of the former Communist bloc-that once discouraged visitors have opened their borders and now welcome tourists and the money they bring. The population of the U.S., as well as Asia and Japan, is graying. Many of these individuals are at the peak of their earning years, their children are grown or nearly grown, and they enjoy much discretionary income. While they may not consider themselves wealthy, they can afford to travel, which they do regularly. Moreover, there is a significant and growing "retired" population in many Western countries that enjoys traveling. These factors virtually ensure continued growth for the travel and tourism industry, both in the U.S. and throughout the world. The travel and tourism industry is broad and diversified. In its narrowest definition, it includes those enterprises directly related to travel-airlines, cruise lines, travel agents, hotels, car rental companies, and tours. At its broadest, it includes any business that concentrates the bulk of its operation on travel- or tourist-related activities. These might include restaurants, night clubs, gift shops, amusement and theme parks, campgrounds, marketing firms that specialize in travel and tourism, and special activities such as horseback riding, white-water rafting, and skiing. Of course, these are just some examples, and creative entrepreneurs can undoubtedly find countless niche businesses that can provide special products or services to travelers and vacationers. Entrepreneurs will undoubtedly find numerous opportunities in the industry. Indeed, it is not so difficult finding an opportunity, but rather choosing the best one, an enterprise that is personally satisfying and which has a superior chance for success and profitability. While many large businesses account for millions of travel and tourism dollars, the industry has plenty of room for small operations. It has, in fact, been estimated that up to 99% of the U.S. businesses whose major activity is travel and tourism are considered to be small by federal standards. Herein lies the great opportunities for entrepreneurs. Many businesses whose services and products that target tourists and travelers can be started for minimal investments. This is especially true in many countries whose governments encourage investment in an effort to stimulate local economies and expand the travel and tourism industry within their borders. Many nations foster economic development and investment through a variety of incentives, including reduced tax rates, tax holidays, or special grants to underwrite the cost of facilities or train local workers. Such incentives can greatly enhance an operation?s overall profitability. Because much of the United States is saturated with businesses that serve the needs of travelers, the greatest opportunities for entrepreneurs in the travel and tourism sector are found in other lands. While travel and tourism companies abound in places like the Bahamas, Bermuda, and the Cayman Islands, there are numerous other sites where the opportunities are boundless. As the global economy expands, many of these places are on the verge of becoming major tourist and travel sites, but they have not achieved that status yet. There is plenty of opportunity for enterprising individuals to start and build companies. The key is to identify these sites and establish a business before the competition arrives. This, obviously, can be difficult when considering foreign sites located around the world. It is essential that you personally visit any place in which you are considering investing. Selecting possible investment sites from brochures, videos provided by embassies, or tips from friends or colleagues is one of the surest ways to secure failure and nothing else. So how does one manage to visit potential sites that may be found in Europe, the Middle East, Asia, Africa, or South America without incurring burdensome travel costs? You might, for example, plan your vacation to the Nevis, the Azores, or Seychelles and use some of your time there to scout potential tourism investments. In this way you are combining pleasure and business and may even be able to deduct some of the expenses from your taxes. This is not the most efficient method, though. By far the best is to use your enthusiasm for entrepreneurship and establish a home-based travel agency. Once you establish a travel agency you will gain numerous advantages. Along with being able to deduct business expenses which can reduce your tax burden, you will be able to take advantage of familiarization tours offered by travel-service providers. Such tours, usually offered at deep discounts, will give you the opportunity to visit various places around the world, where you can evaluate potential investments. Not only will you have the chance to see the area and mingle with its people, you will be able to assess the business climate and potential for investment. You can benefit from establishing a travel agency even if you limit the scope of your agency. Most home-based travel agents work with host agencies, larger agencies which provide tickets and in many cases manage the bookings for lodging. The home-based travel agent?s primary task is to provide clients for the host agency. Nonetheless, the home-based agent enjoys all of the advantages of being a travel agent. For the entrepreneur who seeks to build a travel/tourism business, establishing a travel agency is the first step to worldwide investment. The usual cautions, of course, apply. Although opportunities in travel and tourism may be found the world over, creating a successful business requires good business sense, an understanding of how to properly build a company, and hard work. For those entrepreneurs capable of satisfying these demands, the returns are truly great. Few enterprises are as challenging, exciting, and rewarding as creating a business in an area in which the potential for growth is exceptional and one?s success is entirely dependent upon his or her knowledge and business skills. The travel and tourism sector offers such opportunity in locations around the world. Over the past several years, travel and tourism have constituted one of the fastest growing sectors in the world economy. For much of the past three decades, annual growth has averaged 10% or more, with several countries averaging significantly more. This trend is expected to continue, fueled by increasing numbers of people who travel for pleasure and business.
Sustainable Tourism: Breakthroughs in Research and Practice by Management Association, Information Resources Pdf
Many countries rely on cultural sites and destinations to support their economies. However, they are faced with the ongoing challenge of sustaining tourist attractions and maintaining the equilibrium between the local community and tourist populations. Sustainable Tourism: Breakthroughs in Research and Practice features current research that takes an in-depth look at cooperative strategies and governance for conserving and promoting tourism within both developed and developing economies. Highlighting a range of topics such as tourism development, environmental protection, and responsible hospitality, this publication is an ideal reference source for entrepreneurs, business managers, economists, business professionals, policymakers, academicians, researchers, and graduate-level students interested in the latest research on sustainable tourism.
Tourism and Opportunities for Economic Development in Asia by Ordó?ez de Pablos, Patricia,Aung, Zeyar Myo Pdf
The growing market of tourism in Asian countries has caused significant changes to the economy, transportation, and safety for citizens. With the ubiquity of tourism, there is now an increasing need for resources to assist in the challenges that arise. Tourism and Opportunities for Economic Development in Asia is a key resource on the priorities, challenges, and strategies in the globalized economy of the Asian tourism market. Highlighting multidisciplinary studies on cultural tourism, gastronomy, and hospitality management, this publication is an ideal reference source for academicians, researchers, politicians, policy makers, and information technology directors actively involved in the tourism industry.
Challenges and New Opportunities for Tourism in Inland Territories by Gonçalo Poeta Fernandes Pdf
Inland territories are currently of great interest in the tourism industry based on their natural and cultural resources, the surroundings and valuing of natural spaces, local traditions and cultures, ways of life, and the experiences of territories with authenticity. In this context, ecocultural resources are determining factors of development for the mobilization of economic and socio-cultural initiatives, promoting tourism and generating conditions of sustainability in inland territories. They are spaces of opportunity, maintaining resources and heritage with high preservation, enhancing new perceptions and forms of use, generating territorial cohesion, promoting self-esteem for local communities, and providing diverse and differentiated tourist experiences. The involvement of the community is decisive in valuing the destination, understanding local ecocultural realities, and developing the processes of preservation and service creation. It is considered a necessary approach for inclusion, protection, and aggregating the ecological and cultural binomial as a determinant for deeper knowledge of territorial realities and their specificities. Thus, sustainability and participation are crucial for the long-term future of inland tourism activities, with local governance assuming an important role in building tourism capacity, mobilizing resources, and streamlining entrepreneurial initiatives. Challenges and New Opportunities for Tourism in Inland Territories: Ecocultural Resources and Sustainable Initiatives provides knowledge on the trends for tourism in inland territories, territorial innovation, good governance practices, new projects in inland tourism, and other important aspects in the field. The topics covered include sustainability of local culture, cultural heritage, social responsibility, local governance, public policies, and innovation and tourism in inland territories. This book is essential for tourism management organizations, environmentalists, hotel managers, restaurateurs, tourism departments, practitioners, policymakers, public officials, researchers, academicians, and students interested in the innovative practices and initiatives in tourism with a specific focus on inland territories.
Regional Conference on Investing in Tourism for an Inclusive Future by World Tourism Organization Pdf
This report synthesizes the rich insights of the first Regional Conference on Investing in Tourism for an Inclusive Future: Challenges and Opportunities (26-27 October 2016, Petra, Jordan). Jointly organized by the World Tourism Organization (UNWTO), the European Bank for Reconstruction and Development (EBRD) and the Ministry of Tourism and Antiquities of Jordan, the event advanced understandings of how investments in the Southern and Eastern Mediterranean (SEMED) region can harness tourism's potential to foster inclusive growth and sustainable development in the broadest sense - economically, socially, culturally and environmentally. The report highlights the Conference's discussions on three priority areas, and the role of finance in achieving these priorities: access to training and employment opportunities; supporting local micro-, small- and medium-sized enterprises; and resource and energy efficiency. By identifying challenges, lessons learned and key recommendations, the Conference culminated in the Petra Declaration - a call to action to build a more inclusive, sustainable tourism sector.
