“…volcanic eruptions - Medeiros et al, 2021;earthquake -Huang and Min, 2002; the rise in temperature caused by global warming - Carrillo et al, 2022) and socio-political (e.g. epidemics - Ambaw et al, 2022;Choe et al, 2021;Fekete-Fábián and Jánosi, 2022;Imeri and Gil-Alana, 2022;Ozbay et al, 2022;political instability -Omer and Yeşiltaş, 2020;Sass, 2020;Shaari et al, 2022) events have a major impact on the situation of tourism operators and thus on the regions that rely on the sector. As a result, the various players (businesses, local authorities), in order to reduce the risk of the investments made, are seeking to use, in addition to their own financial resources, also public funding (Ballesteros and Hernández, 2019;Jarábková, 2016;Kumar, 2020), which may come from the central budget of the given country or also from outside the country (e.g.…”