Finance and Funding in Travel and Tourism, HND - Sources of Finance

This report provides a comprehensive overview of finance and funding within the travel and tourism sector, focusing on both public and private sources. It examines the role of the Department of Culture, Media, and Sports, highlighting capital projects, tourism information centers, and heritage interpretation initiatives. The report details the significance of media in promoting tourism and emphasizes the importance of integrated infrastructure development. It also discusses various financial instruments, including equity shares, owner's investments, retained profits, and debentures. Furthermore, it explores public finance, outlining the government's role in the economy and its impact on the travel and tourism industry. The conclusion underscores the availability and importance of diverse funding sources in supporting the development and sustainability of the sector.

Finance & Funding in Travel and Tourism
(Sources of finance)
Abstract
Finance is the most important source for any business to operate its
day to day operations. Under this role of media, culture and sports
department are explained clearly and sources of public and private
finance.
Funding are those concepts which are provided by ministry of
concern department for the welfare and development of tourism
sectors. There are various sources available in relation this like:
Role of department of culture, media and sports: It help to
campaign growth, enhance life and promote valuable aspect those
are superior in the field of tourism sectors. They are responsible for
protecting cultural and artistic heritage and other business or people
to develop by finance in new ideas and innovation as a famous and
beautiful places to visit. It will help to grow economy because of
maintaining dignity of royal places. In this context department of
tourism is promoting various people to participate more and more in
sustainability of heritage places. In promoting tourism industry role
of media is more important as they are use as vital sources to draw
attention of people through advertising it on newspapers, television
and other sources of promotion. It will ensure social responsibilities
toward serving society and its tourism development.
Equity shares: It is the most common share of finance for large
company. Under his ownership right are shared.
Internal source or Non-public finance are:
Owner's investment: These are said to be that capital which are
invested at the start of business whether related to any sector like
travel or tourism. That is being bought by owner.
Retained profit: These are said to be that profit that is being kept as
reserve out of profit that used by company.
Debt collection: It refer to collection of money those are owned by
debtors, operating for a fee or for percentage to total amount of
capital.
Capital projects:
It refers as large amount of investment those are required
to build, add and modify a project. It is based on use of capital
both in financial as well as labour to begin or finish a program. It
includes acquisition of land or assets, lease of property or
purchasing of new equipment’s Cross railways project is
contributing toward economic development of boarder region by
supporting rural tourism. Through this transportation
development there is huge change is seen in accessibility and
facilitating summer rides on historical trains at boarder region.
 Tourism information centre are responsible for the most
convenient location of UK where more people are
visiting. Heritage interpretation is all about that
information which are communicated to its visitors as
educational, natural like museum, park and other.
 Integrated footpath development and improvement of
those areas would help people and company to put right
foot in correct direction as development of tourism
sectors. Continuous improvement is done to increase
profitability.
Public finance: It is said to be role of government in relation to
economy. In other words, a branch of economics which assesses
the government sales and expenditure of government. Some of
them are:
Venture capital: It is said to be those capital which is invested in
initial stage after analysis of company before investing. It will
help tourism sectors to develop more by using these capital.
Debenture: Debt are said to be the most economical mode of
finance as compare to equity because they don’t share any control
with investors.
Conclusion
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