Funding and Financial Resources for Tourism Sector Development

This essay examines the critical role of finance and funding in the development of the tourism sector, highlighting various sources such as public finance, venture capital, debentures, and equity shares. It emphasizes the importance of strategic capital projects, including railway development, to enh...Read More

Finance and Funding
Funding is important criteria which is also undertaken by
ministry of welfare and development of tourism sector.
Although various sources are there in this regard and such
areas: Department of culture and media sports. Companies
are having a role of safeguarding culture and heritage of
artistic and other organisation as well which will help in
generating finance with new ideas and innovations.
Somewhere it also goes with campaign growth, increase life
and this also promote the valuable aspect of company and
this is among important factors in tourism field. Moreover,
the department of tourism is also promoting various people
to have concern for heritage places and its sustainability.
Therefore, different role is played and in crucial way for
drawing mass attention through various mediums like
newspaper and television etc.
Capital projects:
It does relate to great amount of investment and it is
somewhere also required to modify the different project.
Although the use of capital should be done in right manner
in financial and labour to complete the task. It includes the
acquisition of different asset or lands and purchase of
equipment’s. Therefore, to promote tourism sector it is
required to have better capital project which is being of
more valuable.
Railway department also adding to economic development
in right mannerism and it is also making a broader region
which is supporting a tourism area. Although development
in such transportation and help to bring a lot change and
such thing can be seen in accessibility and this summer
rides with historical trains broader areas.
Therefore, the tourism information centre is very helpful for
people and every kind of person can go there and know
which thing can provide knowledge for best services.
Integrated development and improvement can be brought
for all the regions and it is required by entity to put your
proper foot in correct direction for the development of
different sector. Moreover, there is a continuous
improvement which is going forward which help in
enhancing profitability.
Although there are two sources from where finance can be
developed in proper way and can be used for tourism.
Public finance: It is the role of government and this
is being in relation of economy. In other words, it is
something which can be assessed by sale of government and
as well expenditure.
Venture Capitals: These are those which invest their
capital on primary stage and it is done after analysing the
firm.
Debenture: Debt is best among other economical
mode of finance as in comparison to equity as because they
do not share any control with the investors.
Equity share: This is somewhere the most common
method or form of finance for the large entity.
Internal sources:
Investment of Owner: This is something which is
capital and this is being invested at the start of business and
this capital is brought up by entity owner.
Retained profit: Moreover, the firm reserve this out
of the most of profit and somewhere it is used by the most of
firm so that it can be used in future for further operations.
Debt collection: Therefore, this is the collection of
various collection of money and somewhere this owned by
debtors and operational, although free of percentage is done
with total amount of capital.