An Overview of Foreign Direct Investments in Tourism and Hospitality Industry

Abstract

Tourism is one of the leading economic sectors of our time. The Tourism Investment report by fDi Intelligence of the Financial Times shows the link between foreign direct investment in tourism as a driver of job creation and economic growth worldwide. In an increasingly interconnected global economy, foreign direct investments (FDI) play a pivotal role in shaping the growth trajectory of various sectors. One such sector that has witnessed a substantial impact from FDI is tourism, a thriving industry that not only con­tributes significantly to a nation’s GDP but also plays a pivotal role in job cre­ation. This article delves into the symbiotic relationship between foreign di­rect investments in tourism and the generation of employment opportuni­ties, shedding light on the mutual benefits that arise when nations open their doors to international investors. It also explores the significance of foreign di­rect investments in tourism, examining the positive effects on economic de­velopment, job creation, and the overall sustainability of the sector.