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.Abstrak
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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REFERENCES:
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Hall, C. M., & Page, S. (2017). The Geography of Tourism and Recreation:
Environment, Place, and Space (4th ed.). Routledge.
Jones, E., & Haven-Tang, C. (2015). Tourism SMEs, Service Quality and
Destination Competitiveness. CABI Publishing.
Oketch, R. A., Wadawi, J. K., & Mpofu, T. (2016). Tourism Financing: A
Pathway to Sectoral Growth. Tourism Management Perspectives, 19, 152-158.
Paci, R., & Marrocu, E. (2020). Tourism, Sustainability, and Economic Growth:
Lessons from Italy. European Journal of Tourism Research, 26, 1003-1017.
UNWTO. (2021). Global Tourism Overview. United Nations World Tourism
Organization.
