THE PLACE AND ROLE OF FINANCING IN THE MANAGEMENT OF SMALL BUSINESSES IN THE TOURISM AND HOSPITALITY INDUSTRY

Iuliana Ciochina and Carmen Iordache
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Iuliana Ciochina: ”Constantin Brâncoveanu” University of Pite?ti, Romania
Carmen Iordache: ”Constantin Brâncoveanu” University of Pite?ti, Romania

Contemporary Economy Journal, 2017, vol. 2, issue 4, 163-171

Abstract: Tourism, through the variety of activities it encompasses, and its relations with other economic sectors, has the features of a branch of interference and synthesis. In this context, promoting Romania as a tourist destination, and increasing the number of tourists are objectives that can be achieved through the implementation of financing policies striving to increase economic competitiveness, in order to attract investors and entrepreneurs in the field of tourism and hospitality. In addition to improvements in the legislative department, funding plays an important role in stimulating and developing SMEs and supporting the business environment. The diversity of activities embedded in the tourism industry's content gives it its complexity.

Keywords: tourism; hospitality industry; business; finance (search for similar items in EconPapers)
JEL-codes: L83 M21 O16 (search for similar items in EconPapers)
Date: 2017
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