Financial and Credit Support for Investment and Innovative Developing Activities of a Tourist Enterprise

Rozokov Mukhammadaziz Mansurovich and Scientific supervisor: Karimova Aziza Мaxomadrizoyevna

GREEN ECONOMY AND DEVELOPMENT, 2024, vol. 2, issue 6

Abstract: The article presents the authors’ opinion on the acute lack of investment resources among representatives ofthe tourism business. An analysis of the sources of financing for travel companies showed that the most accessible forthis area are internal sources of development. According to the results of the analysis carried out by the authors, theyare used by more than three-quarters of enterprises, while only one in four business entities uses external sources.At the same time, the first place among the sources of financing is occupied by income from their own activities; thesecond place is occupied by another internal source–the personal funds of the founders; and the third are private loans.According to the authors, one of the main problems in the development of innovatively developing tourism enterprisesis their weak investment due to the increased risks in this area when lending, because of which commercial banks areafraid to lend to travel companies. As a result, it was concluded that domestic commercial banks need to develop financialservices for innovatively developing tourism enterprises.

Keywords: tourism; travel companies; tourism products; investment; economic growth; investment; financial and credit support; taxes; investment attractiveness. (search for similar items in EconPapers)
Date: 2024
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