Year: 2023
Type: article
Abstract: Investing in tourism assists to provide additional job opportunities, boost tourism sector competitiveness, and increase the country's income and general public revenues, all of which contribute to the country's economic progress. The purpose of this article is twofold, one is to discuss the role of investment in the development of regional tourism and another one is to explore the role of investment activity in the development of Uzbekistan's tourism industry. A comprehensive literature review on the role of investment in the development of the tourism industry reveals that investment plays a critical role in shaping the growth and sustainability of this sector. Tourism is a multifaceted industry with a wide range of stakeholders, including governments, private sector businesses, and local communities. Investment in various forms, such as infrastructure development, marketing, human resource training, and technology, is essential to harness the economic, social, and environmental benefits that tourism can offer.
Author: Oybek Egamberdiyev
Institution: Urgench State University
Language: English
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4392525196