Sources of Investment and Financing of Social Tourism

Financial Instruments for Tourism Development: Challenges and Opportunities

“…So, given the importance and specificity of the functioning and development of the tourism industry, the solution of financial issues should be based on a systematic approach and take into account the following aspects: rational and effective use of tourism resources based on sustainable development in order to form a national tourism product [ 17 ]; introduction of a systematic approach to the regulation of socio-economic and financial relations in the field of tourism, since tourism covers various sectors of the economy (according to research by scientists – about 30), so the concept of tourism development with a clear regulatory and socio-economic mechanism should be adopted [ 11 ]; the functioning of the tourism industry is impossible without the availability of modern infrastructure, so the main direction of financing involves attracting funds for the development of tourism infrastructure [ 18 ]; promotion of domestic and social tourism. A certain share of revenues from the tourism industry should be allocated to support domestic tourism and, above all, social tourism, as well as to restore tourism resources and infrastructure [ 12 ]. …”

“…promotion of domestic and social tourism. A certain share of revenues from the tourism industry should be allocated to support domestic tourism and, above all, social tourism, as well as to restore tourism resources and infrastructure [ 12 ].…”

Socio-Economic Impact On Social Tourism

“…On the other hand, at the stage of development, social tourism seems to be extremely expensive and does not lead to immediate positive returns, which makes this sector unattractive for heavy investments (Kukharenko & Gizyatova, 2018). Social tourists, having a low level of income, try to avoid unnecessary spending, and the low cost of the social tours goes against the generally accepted quality standards of a tourist product.…”