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Selection Of Tourist Destination For Investment Decision: A Holistic Model

Author

Listed:
  • Mallick, Sanmoy
  • Mitra, Professor Debabrata
  • Ghosh, Dr Amlan

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.

Suggested Citation

  • Mallick, Sanmoy & Mitra, Professor Debabrata & Ghosh, Dr Amlan, 2021. "Selection Of Tourist Destination For Investment Decision: A Holistic Model," MPRA Paper 115369, University Library of Munich, Germany, revised 03 Nov 2022.
    • Handle: RePEc:pra:mprapa:115369
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    tourism; tourism investment; Return on Investment; Criteria; model;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy

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