Finance and Funding in the Travel and Tourism Sector
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Added on 2023/03/29
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Finance & Funding in Travel and Tourism (Sources of finance) In this poster the sources by which funds will be collected will be identified. This will be done so that development can be carried out in respect of various tourist destinations. CONCLUSION PUBLIC FUNDING These are those sourcesby which funds will be available on compulsory basis and will be including taxes, Social funds, various funds which are made for development of regions. Department of media and culture will also be providing funds in this together with non-government bodies. PRIVATE FUNDING these are those sources which can be obtained by paying some charges such as borrowings from banks, equity financing and the other method is from the joint ventures. From above mentioned data it has been concluded that various sources of funding are available in relation to travel and tourism. Mainly public and non-public finance are most important in tourism industry They will be including the places which will be used by public in general such as cross railway projects and places related to heritage. PUBLIC TOURIST DESTINATIONSIn this the development will be carried out in respect of the places which are visited by people by making personal payments and will be including theme parks and resorts. NON PUBLIC TOURIST DESTINATION SOURCES OF FINANCE The main sources of funds are: Public finance Private finance