Foreign Investment In Tourism Research Articles

Direct foreign investment in tourism in the Dominican Republic.

This study analyzes Foreign Direct Investment (FDI) in tourism in the Dominican Republic. A mixed methodology was used that included literature review and focus groups with experts. Government and private reports were analyzed to understand current trends and focus groups were convened to discuss and validate the findings. The results show that FDI in tourism stands out for its contribution to Dominican economic development, contributing $7,673 million dollars between 2012 and 2022. The identified strengths include a strategic location, robust infrastructure, and favorable business climate. Emerging opportunities are related to the diversification of tourism offers and increased connectivity. However, dependence on tourism and job training gaps present challenges. Furthermore, threats such as regional competition and environmental impacts were also highlighted. In conclusion, it is highlighted that FDI in tourism is fundamental for the Dominican economy, but policies are required that promote the diversification and sustainability of the sector. It is suggested to improve infrastructure and job training to enhance tourism and its impact on GDP. The study highlights the need for a clear legal framework and the importance of tax incentives to attract more investments.

POLICY OF REGIONAL GOVERNMENT OF MAGELANG REGENCY ON FOREIGN INVESTMENT OF TOURISM

Tourism is one of the sources of Original Regional Revenue that is quite promising, when it is managed professionally. With regard to funds, the presence of foreign investment is a very possible solution. From the collected data, in the Regency of Magelang, the presence of foreign investors in tourism is still very little, while such potential is wide open for development. For this reason, this research is entitled "The Policy of the Regional Government of Magelang Regency towards Foreign Investment in Tourism". This study aims to find out how the Regional Government Policy of Magelang Regency in regulating foreign investment in the tourism sector as well as knowing its implementation and also the driving factors and obstacles in the implementation of foreign investment cooperation in tourism.This study is a normative juridical study that uses primary data, secondary data and tertiary data. Data collection is done using library research techniques, observation, interviews and online data search.Based on the results of this study indicate that the Regional Government Policy of Magelang Regency to increase foreign investment, especially in the tourism sector, is still very lacking because there are few foreign investors who invest in Magelang Regency. Based on the driving factors and constraints that exist, the prospect of foreign investment manifested by Magelang Regency Tourism towards the labor sector is very promising because it can open opportunities for employment opportunities for the people of Magelang Regency, and improve the economy in Magelang Regency. However, there are limitations to the Policy of the Regional Government of Magelang District in certain areas regulated by Presidential Regulation Number 58 Year 2014 concerning the Spatial Planning for Borobudur and Surrounding Areas and also the issuance of Regents Regulations governing Foreign InvestmentKeywords: Policy, Foreign Investment, Tourism

The Manifestation of Climate Injustices: The Post-Hurricane Irma Conflicts Surrounding Barbuda’s Communal Land Tenure

Hurricane Irma caused significant destruction to the Caribbean during the 2017 Atlantic Hurricane season. In its aftermath, many of these Small Island Developing States (SIDS) are left with the dilemma of seeking ways to rebuild in some cases entire nation states. Using the case study of Antigua and Barbuda, where Barbuda was the first Caribbean island to receive a direct hit from Hurricane Irma, the paper begins to explore the ways in which the global system of exploitation of SIDS exacerbates internal historical conflicts which is a manifestation of climate injustices. Specifically, the Barbudans’ relative privilege in having inherited communal land rights have become, for the government, the barrier standing in the way of the only alternative funding sources for reconstruction, foreign tourism investment. Using the theoretical underpinnings of climate justice, we argue that the causers of climate change, who are generally the inheritors of the historic colonization, exploitation and impoverishment of these states, will effectively benefit from the intensity of Hurricane Irma, given that they will eventually get access to Barbudan land if the communal land rights are revoked.

The international investment in theme parks: Spatial distribution and decision-making mechanism, an empirical study for China

Along with the globalization of foreign direct investment (FDI), tourism, as the earliest and largest international industry, draws a growing investor attention. Admittedly, the investment destination choice on the macro national level has been studied widely, while, micro place decision making has been mostly neglected. This paper aims to fill this gap by highlighting the micro location choice of international investment, based on the international investment in theme parks (IITP) in China. In order to understand foreign tourism investment behavior in China, the paper analyzed IITP by spatial pattern and decision-making mechanism since 1990s. The results not only reveal the background and status of IITP in China, which is the biggest tourism market, but, more fundamentally, also benefit investors and local stakeholders in understanding the decision-making mechanism for micro place choice of IITPs. In addition, the paper provides clear understanding of the roles played by economic factors, based on the Hierarchical Analysis on Decision-making Mechanism, which offers an innovative view to study IITP. Under identical national environments, provincial-level factors are more important to attract international tourism investment than city-level ones.

Impacts of the Global Economic Crisis on Cyprus Tourism and Policy Responses

ABSTRACTThis study examines the impacts of the global economic crisis on Cyprus tourism and the pertinent policy responses. A qualitative approach was adopted by conducting eight semi‐structured interviews with tourism authorities and suppliers/professionals. Findings indicated the main impacts of the crisis on Cypriot tourism: lack of competitiveness, decreased visitation/revenues, inadequate quality and escalated pricing. Furthermore, findings identify three types of policy measures: (i) immediate response measures; (ii) foreign investment in tourism; and (iii) diversification of the tourism product and quality improvement. The study highlights the need for Cyprus to develop a comprehensive tourism planning framework. It is suggested that crisis plans of small island states should be developed upon a holistic framework that leverages their destination capitals. Copyright © 2012 John Wiley & Sons, Ltd.

Foreign Investment in Tourism: The Case of Macao as a Small Tourism Economy

Using a modified international economics model, this paper first illustrates theoretically how side effects – economic, social and, particularly, political – caused by foreign investment in tourism can reduce the true benefits for host communities in the case of small tourism economies. The case study of Macao gives empirical evidence of the existence of side effects, thus contributing to the validity of the theory to a certain extent. It is argued that policy makers in small tourism economies should conduct foreign investment policies upon carefully assessing the impacts and in a broader socio-political framework.

Foreign Investment in Tourism and Small Island Developing States

This paper presents evidence from a global study of the scale and impact of foreign investment in tourism, highlighting the implications for small island developing states (SIDS). It draws upon findings from a two-year United Nations Conference for Trade and Development (UNCTAD) research and policy analysis project based on a global survey of transnational hotel groups with a presence in developing countries and in-depth case studies of domestic and international investment in tourism in twelve countries. The project aimed to provide empirical evidence to help policymaking in developing countries that wish to benefit more from tourism foreign direct investment (FDI). It does not favour foreign investment above domestic investment, but aims simply to provide more information on an aspect which is increasingly a policy priority for developing countries and which is not frequently addressed in empirical terms in the literature.

Tourism and welfare in Sub-Saharan Africa: a theoretical analysis

Using the standard theoretical model of trade, we study the welfare effects of tourism for developing countries with particular reference to Sub-Saharan Africa. We show that tourism can reduce welfare for trade regimes dominated by export taxes or import subsidies. In addition, we argue that tourist immiserisation is possible for Sub-Saharan Africa. Finally, we show that direct foreign investment in tourism, is for the most part, beneficial. Copyright 1999 by Oxford University Press.

Foreign Tourism Investment: Motivation and Impact. Larry Dwyer and Peter Forsyth. Annals of Tourism Research, vol. 21, no. 3, pp. 512-37. Elsevier Science, 660 White Plains Road, Tarrytown, NY 10591-5153. $270 annual subscription rate

Foreign Tourism Investment: Motivation and Impact. Larry Dwyer and Peter Forsyth. Annals of Tourism Research, vol. 21, no. 3, pp. 512-37. Elsevier Science, 660 White Plains Road, Tarrytown, NY 10591-5153. $270 annual subscription rate

Foreign tourism investment: Motivation and Impact

Foreign investment has played an important role in the development of tourism worldwide but analysis of its impacts has been neglected. This paper provides an overview of foreign investment in Australian tourism focusing on its levels and patterns. The various motives for foreign investment in tourism can be explained using the widely accepted Eclectic Paradigm of international production. The paper proceeds to clarify some of the impacts. After distinguishing between illusory and real impacts in Australia, the paper concludes with a discussion of the likely benefits and costs of additional foreign investment in tourism for both developed and developing nations.