Finance and Funding in Travel and Tourism (Unit 2) Report

This report examines finance and funding within the travel and tourism sector, focusing on the development of tourism and associated capital projects. It explores the necessity of financial resources for project execution, differentiating between public and non-public funding options. The report highlights the role of media in attracting investment and facilitating large-scale project funding. It delves into specific funding sources like debt and equity funds, detailing their characteristics and suitability for various projects. The conclusion emphasizes the positive impact of funding on tourism development, attracting tourists, and fostering continuous improvement within the sector. The report also includes details on the BTEC HND Travel and Tourism Management Unit 2 Finance and Funding in the Travel and Tourism Sector.

FINANCE AND FUNDING IN TRAVEL AND TOURISM
Sources of funding for public and non-public tourism development
INTRODUCTION
With the development of tourism
sector, there are vast number of
capital projects are associated with
that. For execution of these
projects it requires some amount
of funds which are helpful in
managing these large program in
an effective manner.
Capital projects
Some major number of plans which are related with the capital projects
are as follow:
1. Cross railways projects
2. Tourism information point
3. Development of local heritage sites which mostly attract the
number of visitors
4. Environmental development by creating more and more natural
park
For this, huge amount if fund is required and for this finance and funding
is consider as essential concept for such major thing. Funding can be of
two types: Public funding and Non- public funding.
Both of them are helpful in arrange some amount of money through
which execution of project become easy and appropriate. In such aspect,
media can play a major role. They can advertise such type of things in
their newspaper as well as on social media or electronic media. At such
platform it become easy to arrange large amount of fund through which
execution of these big plans become easy and appropriate.
Non-public funding
Some of the major sources for making these projects successful are as follow:
 Debt funding: It is investment pool under which, amount is invested on the mutual fund which
can be short term or long term in nature. Amount which comes into return is fixed in nature and
is most helpful as per the current and modern world scenario. Mostly people prefer this sort of
funding for making these projects successful.
 Equity fund: This sort of funding is considering as the stock fund which is invested with a
purpose to attain more and more return. It is completely investing in the stock so that principle
amount can be attaining in return. It is invested as per according to company size, the investment
pattern on these projects are generally according to the portfolio and geographically.
CONCLUSION
As with the help of these funding it become easy to
arrange fund for large number of capital projects
and development of tourism took place. This is
helpful in attract large number of tourist and
continuous improvement of tourism sector took
place.