FINANCING THE TOURISTIC BUSINESS
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Keywords: Tourism financing, debt financing, equity financing, public-private partnerships (ppp), tourism smes, seasonality in tourism, government support in tourism, financial innovation, crowdfunding in tourism, tourism sector challenges.##article.abstract##
Annotation: This thesis explores the critical role of financing in the
sustainability and growth of touristic businesses. It examines various financing options
such as debt, equity, and public-private partnerships (PPPs) available to tourism
entrepreneurs. The paper identifies key challenges in securing finance, including the
high-risk nature of tourism, seasonality, and unfavorable credit terms. Additionally, it
discusses the role of governments and financial innovations like crowdfunding in
creating a supportive financing environment. The thesis highlights the importance of
tailored financial instruments for tourism businesses, particularly small and medium
enterprises (SMEs) and eco-tourism ventures, to enhance economic growth and
competitiveness.
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Oketch, R. A., Wadawi, J. K., & Mpofu, T. (2016). Tourism Financing: A
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