UKCBC: Finance and Funding in the Travel and Tourism Sector Report

This report provides an overview of finance and funding in the travel and tourism sector, focusing on the sources and allocation of funds for the development of capital projects. It distinguishes between public finance, including funding from the Department of Culture, Media and Sports and venture capital, and non-public finance, such as owner's investment, retained profits, and debt collection. The report also highlights the importance of capital projects in promoting the travel and tourism sector and mentions capital budgets associated with such projects. This student-contributed assignment is available on Desklib, a platform offering study tools and resources for students.

Finance and Funding in the Travel and
Tourism Sector
Funding can be stated as an essential concept
which is being provided by ministry of concern
department of welfare and development of tourism
sector. There are number of sources which are being
available and are being described below:
Department of culture, media and sports: The major
purpose of this kind of approach is that it provides
assistance in growth of campaign, increase life and thus
promote criteria which are highly essential in the sector
of tourism field. The main role of this kind of sector is
protecting the culture along with artistic heritage and
many other in order to generate new kind of innovation
for finance. This type of help is being provided within the
economy in its growth and thus will maintain the
decorum of this types of places. Promotion is done with
the motive of bringing up of sustainability by the tourism
sector of heritage places.
Capital Projects: It is all about investing up of large
amount of investment in order to bring changes within
the project. It is mainly based on the utilising the capital
both in finance and labour for attaining up the tasks. In
order to promote they travel and tourism sector, capital
projects are useful. There are many capital budgets which
are being attached with this kind of sector:
There are two sources which are being used by
the finance which can be done for tourism:
Public finance: This is related with Govt. with the
relation to the economy. In other words, it is an
economical branch which assess sale of Govt. and
expenditure.
Venture capitals: It is the capital which is being
invested for the primary stage of company analysing.
Debenture: Debt is being stated as one of the most
economical mode of finance which are being utilised
to compare the equity as there is no control shared
with the investors.
Equity share: common form of finance for large scale
company.
Internal source or Non-public finance are described
below:
Owner's investment: This can be stated as capital
which is being invested when the business is being
started. They can be bought by owner.
Retained profit: This can be stated as revenue which is
mainly out of profit and thus mainly utilised by the
company for future operations.
Debt Collection: This is the mainly attached with
collection of money which are being owned by
debtors, fee operations for total amount of capital.
Sources and allocation of funds for the development of capital projects