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An Examination Of The Economic Viability Of Sustainable Business Tourism In Trinidad

Author

Listed:
  • Narendra Ramgulam
  • Koshina Raghunandan-Mohammed
  • Moolchand Raghunandan

Abstract

The aim of this paper is to provide an understanding of business tourism and how it adds to sustainability and fosters economic development for countries. The paper will discuss the concept of business tourism and how it can become economically sustainable. It examines the viability of business tourism in Trinidad and makes recommendations for the future of this niche market. Furthermore, a brief assessment of the United Kingdom’s business tourism industry will be presented and its policies to determine what, if any, refinements of the UK’s strategies can be made to accommodate Trinidad’s unique situation in the quest for sustainable business tourism. The research has revealed that business tourism is economically viable and should be pursued as a micro sector for diversifying the Trinidad and Tobago economy. The findings also embrace the notion of sustainability as a way forward.

Suggested Citation

  • Narendra Ramgulam & Koshina Raghunandan-Mohammed & Moolchand Raghunandan, 2012. "An Examination Of The Economic Viability Of Sustainable Business Tourism In Trinidad," Review of Business and Finance Studies, The Institute for Business and Finance Research, vol. 3(2), pages 69-80.
    • Handle: RePEc:ibf:rbfstu:v:3:y:2012:i:2:p:69-80
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    Cited by:

    1. Daniela Gracan & Marina Barkidija, 2015. "Green Business for Green Meetings (Case Study: Opatija Kongress Hotels)," International Conference on Marketing and Business Development Journal, The Bucharest University of Economic Studies, vol. 1(1), pages 274-280, July.

    More about this item

    Keywords

    Business Tourism; Sustainable Tourism Development; Butler’s (1980) TALC Model; Meetings; Incentives; Conventions and Events (MICE); Economic Sustainability; Trinidad.;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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