Analysis of Funding Sources in the Travel and Tourism Sector

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Understand and sources of funding for travel and tourism
Introduction
The sources of funds are
necessary for the continuous
flow of business as these sources
helps in the execution of plans
and budgets. The need of funds
differs according to the business
and the level of its activities.
Conclusion
It can be concluded that there are
various sources available for
funding the capital projects of travel
and tourism sector. Hence, these
sources must be chosen wisely and
in accordance with the project
requirements.
Types of funding
The funding can be of two
kinds and it involves non-
public funding and public
funding. The selection of
source of funding is
determined by the organization
according to the requirement
of capital projects associated
with travel and tourism sector .
Sources of funds
Multiple sources of funding
are available and it involves
private investors, venture
capitals, local and states
funding, savings, equity
finance, credits, and
subsidies. The selection of
sources of funds depends on
business capital projects
which are concerned with the
sector of travel and tourism.
References
•Zahra, A.L., 2013. Rethinking regional tourism
governance: the principle of subsidiarity.
In Tourism Governance (pp. 135-152). Routledge.
•Rodriguez, I., Williams, A.M. and Hall, C.M.,
2014. Tourism innovation policy: Implementation
and outcomes. Annals of Tourism Research, 49,
pp.76-93.
•GhulamRabbany, M., Afrin, S., Rahman, A.,
Islam, F. and Hoque, F., 2013. Environmental
effects of tourism. American Journal of
Environment, Energy and Power Research, 1(7),
pp.117-130.
Capital projects
There are different kinds of capital
projects in the business of travel and
tourism and it includes:
•Cross railway project
•Small scale environmental
improvement
•Tourism information point
•Development of small-scale
•Theme parks
•Provision of secure cycle storage
•Cycle route development and
improvement
•Integrated bridleways
development and improvement