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Financing approaches for tourism SMEs and entrepreneurs

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Abstract

Access to financing is vital to promote entrepreneurship and SME development and build an innovative, competitive and sustainable tourism sector. This report examines mechanisms to improve access to finance for tourism SMEs and entrepreneurs at each stage of the business lifecycle, with a particular emphasis on small and micro-enterprises. It discusses key issues and policy considerations to help improve tourism SME financing conditions, broaden the range of financing instruments available and support uptake of available financing instruments. Case studies of financing approaches in a number of countries support the policy discussion and provide technical information. The paper captures the perspectives of policy makers, financing agencies and institutions, and the tourism industry, and has benefitted from significant contributions and inputs from 21 countries: Austria, Canada, Chile, Croatia, Denmark, Egypt, France, Germany, Greece, Hungary, Japan, Mexico, the Netherlands, New Zealand, Norway, the Philippines, Portugal, the Russian Federation, Slovenia, Sweden and Switzerland.

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  • Oecd, 2017. "Financing approaches for tourism SMEs and entrepreneurs," OECD Tourism Papers 2017/3, OECD Publishing.
    • Handle: RePEc:oec:cfeaab:2017/3-en
    DOI: 10.1787/8d06572a-en
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    Cited by:

    1. Kovács, Olivér, 2020. "Gazellák az iparpolitika tükrében, II [Gazelles and industrial policy, Part II]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(2), pages 181-205.
    2. Kraemer-Eis, Helmut & Botsari, Antonia & Gvetadze, Salome & Lang, Frank & Torfs, Wouter, 2018. "European Small Business Finance Outlook: December 2018," EIF Working Paper Series 2018/53, European Investment Fund (EIF).
    3. Vanderschuren, Marianne & Baufeldt, Jennifer, 2018. "Ride-sharing: A potential means to increase the quality and availability of motorised trips while discouraging private motor ownership in developing cities?," Research in Transportation Economics, Elsevier, vol. 69(C), pages 607-614.

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