Review some Effects of the Investment in the Tourism Sector (Evidence of the Qhorveh City)

Abstract

Tourism is the world's largest industry and one of the fastest growing sectors, accounting for over one-third of the value of total worldwide services trade. The importance of tourism in economic terms and Employment to the extent that it can be Driving force for the economy of any country. Investment in fact the use of limited resources such as money, material resources, manpower and natural resources in order to achieve the objectives of a country or an institution. Obviously, if you do not use these resources well, country or institution investors will face losses. In order to avoid such losses should any investment plan carefully studied and evaluated and judged based on criteria pre are strongly recommended. The importance of investment in the process of economic development in most theories of economic development have been emphasized. Due to lack of investment and proper allocation of resources necessary to stimulate economic growth, it is necessary to invest resources in the country's relative advantages of a properly be identified. The study population included 80 faculty members and administrators of agencies in the city. After collecting the questionnaires and statistical analysis showed that investment in the tourism sector with new opportunities And attract significant funding and promotion of a culture of solidarity.

Promoting Tourism Investment in Emerging Destinations: Exploring Challenges and Opportunities: Evidences from Amhara Region, Ethiopia

“…Thus, to better harness the potential of tourism, Amhara region should adopt investment policies that boost interregional tourism and promote peace (Spencelery & Meyer, 2012;UNCTD, 2017). Moreover, tourism opportunities need to get recognition by policymakers at national and regional levels (Meihami & Karami, 2014). According to the viewpoints of an academician (AC2, July 2019) policymakers in tourism shall deeply understand opportunities of tourism development and introduce strategies to cut constraints deterring tourism investment in Amhara region.…”

“…Hence, businesses are to be in a better place when there is multitude of suppliers (Beirman, 2009). In the area of tourism investment, sources of supplier power encompass the switching costs of companies in the industry, availability of substitutes, the strength of their distribution channels and the level of differentiation in the product or services that the supplier is delivering (Porter, 1998;Meihami & Karami, 2014).…”

“…Tourism and hospitality products serve similar needs raised from customers (Meihami & Karami, 2014). Hence, investors in the field should take this into account while providing tourism products to the customers.…”

The Impact of Foreign Tourists Visit Growth Toward Accomodation and Macroeconomic Aspects in Indonesia Over The Period 2000-20

“…In fact, for more than half a century, tourism has been a source of global economic growth and employment. This is because tourism is now the world's largest industry and one of the fastest growing sectors by reaching more than a third of the total value of world services trade and contributing trillions of dollars annually to the global economy (Meihami and Karami, 2014).…”

“…In addition, according to data from the Ministry of Tourism and Creative Economy, the tourism industry is able to provide employment of approximately 192.210 million people or 8.46 percent of total employment available in 2012. Meihami and Karami (2014) can be defined as a voyage between the region of origin and destination with the motivation for temporary reside, recreation, trade, culture and entertainment. Cultural tourism (cultural tourism) is the most familiar form for tourists.…”