Finance and Funding in the Travel and Tourism Sector
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Added on 2023/03/24
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Sources which provide fund to the company in order to develop project Funds requirements of the development in capital projects Funds can be generated through various sources and there can be use of various strategies to attract stakeholders to make favourable investments in the organisation. There can be generation of revenue from governmental, non financial as well as financial sources. SOURCES With the help of various governmental department, funds can be raised like grants, investments as well as financial support of industries. Media is the best source of attracting and marketing the organisation in the mass public as well as helps in generating the demands in market.Financial benefits will be generated with the help of various non- governmental public bodies as the nature of their operation is to provide proper funding to develop the small scale industries. Capital projects Theseprojectscanberelatedwiththe development of various tourism destination and the heritage sites. Ithelpsinattractingtouriststogain historical knowledge related with the various monuments as well as the leaders and their Non- public funding Itrelateswiththefundwhichare being facilitated with the help of Debt funding. Equity funding Government funding