Exploring Funding Sources for Travel and Tourism Development

This essay discusses the various sources and distribution of funding available for capital projects within the travel and tourism industry. It highlights the importance of securing adequate funding for business expansion and improvement of capital projects such as tourism information points and environmental interpretation. The essay identifies key funding sources including bank loans, finance companies, cash credit, overdraft facilities, fixed deposits, and non-government public bodies. It emphasizes the benefits of utilizing diverse funding streams to support sustainable growth and development in the travel and tourism sector. Desklib provides access to a wealth of similar resources and solved assignments for students.

There are different types of source of funding for
the development in the travel and tourism
industry. In the global many companies are
providing the travel and tourism services and in
order to expand their business in many areas,
they arrange the fund from different types of
effective sources. There are numbers of sources
for the funding, but they should use the more
effective source in their business. According to
effective source of the funding, they can borrow
fund from banking sector and finance companies.
However, travel and Tourism Company should
borrow fund from the banks and finance
company, so it will be easy for them. Its
procedures are very simple, so they can easily
get the fund. With the help of more funding,
company can expand their business in many
areas of the world. So, these all source and
distribution of funding are very useful and
important for the travel and tourism organisation.
It
is one of the secure and important source of the
funding. It is the fast way for borrowing the fund.
Along with this, cash credit, over draft, and fixed
deposit are also the important source of funding.
Moreover, non-government public body is the
classification applied by the cabinet office,
treasury, and UK government. NDPB is very
useful and effective source of the funding for the
company. With the help of effective source of
funding, travel and Tourism Company can manage
and improve the capital projects like tourism
information points, interpretation boards, small
scale tourism environment and associated
interpretation (Chandran and Gantait, 2017). . With
the help of more funding, company can expand
their business in many areas of the world. So, these
all source and distribution of funding are very
Its procedures are very simple, so they can
easily get the fund. With the help of more
funding, company can expand their
business in many areas of the world. So,
these all source and distribution of funding
are very useful and important for the travel
and tourism organisation.
REFERENCES-
Gupta S. K. and Rout, P. C. 2016. The Travel Trade Business in Garhwal Himalaya of India: Opportunities and Challenges. Opportunities and Challenges for
Tourism and Hospitality in the BRIC Nations, p.288.
Gurtner, Y. 2016. Returning to paradise: Investigating issues of tourism crisis and disaster recovery on the island of Bali. Journal of Hospitality and Tourism
Management. 28. pp.11-19.
SOURCE AND DISTRIBUTION OF FUNDING FOR THE DEVELOPMENT OF CAPITAL PROJECTS ASSOCIATED WITH