SELECTION OF TOURIST DESTINATION FOR INVESTMENT DECISION: A HOLISTIC MODEL

Sanmoy Mallick, Professor Debabrata Mitra and Dr Amlan Ghosh

MPRA Paper from University Library of Munich, Germany

Abstract: Tourism is the fastest rising around the world and it affects the economic and social growth of every country. To develop tourism and to provide the best possible facilities to tourists, investment in the tourism sector is highly needed. Many times it has been observed that investors are ready to invest in the tourism sector but they don’t have a clear road map. The main problem is ‘where to invest, will the place of investment mean the tourist destination will give them the expected Return on Investment (ROI) or not? In this study based on existing literature and studies, the selection of tourist destinations for investors before their investments have been examined and a simplified model has been suggested. Before investing, the selection of tourist destinations is very important. Investments in tourism have a direct impact on income and employment. Tourism investors and tourism researchers may consider the proposed major and sub-criteria of the tourist destinations.

Keywords: tourism; tourism investment; Return on Investment; Criteria; model (search for similar items in EconPapers)
JEL-codes: L83 O21 (search for similar items in EconPapers)
Date: 2021, Revised 2022-11-03
New Economics Papers: this item is included in nep-tur
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:115369

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