Elvis Mujačević – University of Rijeka, Faculty of Tourism and Hospitality Management, Opatija, Primorska 46, 51410 Opatija, Croatia
Keywords: Tourism;
Job creation;
Foreign direct investments
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.
9th International Scientific ERAZ Conference – ERAZ 2023 – Conference Proceedings: KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT, hybrid – online, virtually and in person, Prague, Czech Republic, June 1, 2023
ERAZ Conference Proceedings published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia
ERAZ conference partners: Faculty of Logistics, University of Maribor, Maribor (Slovenia); University of National and World Economy – UNWE, Sofia (Bulgaria); Center for Political Research and Documentation (KEPET), Research Laboratory of the Department of Political Science of University of Crete (Greece); Institute of Public Finance – Zagreb (Croatia); Faculty of Tourism and Hospitality Ohrid, University of St. Kliment Ohridski from Bitola (North Macedonia)
ERAZ Conference 2023 Conference Proceedings: ISBN 978-86-80194-72-1, ISSN 2683-5568, DOI: https://doi.org/10.31410/ERAZ.2023
Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.
Suggested citation
Mujačević, E. (2023). An Overview of Foreign Direct Investments in Tourism and Hospitality Industry. In V. Bevanda (Ed.), ERAZ Conference – Knowlegde Based Sustainable Development: Vol 9. Conference Proceedings (pp. 335-344). Association of Economists and Managers of the Balkans. https://doi.org/10.31410/ERAZ.2023.335
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