1 / 8

Course Title: Tourism &Hotel Economics Course Code: (THM 241)

Course Title: Tourism &Hotel Economics Course Code: (THM 241). Week Number:7 Lecture Number: 7 Lecture Title: MAXIMIZING TOURISM IMPACTS. Maximizing Tourism Positive Economic Impacts. Encouraging import substitution Implementing incentive programs

gray-shields
Download Presentation

Course Title: Tourism &Hotel Economics Course Code: (THM 241)

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Course Title: Tourism &Hotel EconomicsCourse Code: (THM 241) Week Number:7 Lecture Number: 7 Lecture Title: MAXIMIZING TOURISM IMPACTS

  2. Maximizing Tourism Positive Economic Impacts

  3. Encouraging import substitution • Implementing incentive programs • Dealing with multinational tourism companies

  4. Encouraging Import Substitution • Supporting the promising industries through specific subsidies, grants or loans. • Placing quotas or tariffs on the import goods

  5. Implementing Incentive Programs • Types of Incentives • Tax holidays or deferrals • Remission of tariffs • Tax reductions • Nonrefundable grants • Low-interest loan • Interest rebates • Forgivable loans • Loan guarantees • Working capital loans • Equity participation • Training grants • Infrastructure assistance • Leasebacks • Land donations Categories of Incentives Fiscal Incentives Direct and Indirect Incentives

  6. Implementing Incentive Programs • Before implementing an incentive strategy, a destination should: • Examine the performance of other countries’ incentive programs in light of their resources and development objectives. • Research the actual needs of investors. • Design codes of investment concessions related to specific development objectives, with precise requirements of the investors. • Establish targets of achievement and periodically monitor and assess the level of realization of such targets.

  7. Dealing with Multinational Tourism Companies Hotels

More Related