Entrepreneurship in the Tourism and Hospitality Industry (original) (raw)

Entrepreneurship in Tourism Reasons and Impediments Ecoforum 2017

Tourism is a complex activity involving a combination of material (accommodation, transport, tourist attractions) and psychological (specific attitudes, desires, human emotions) elements. In literature, there are numerous definitions demonstrating the complexity and importance of the tourism phenomenon. In general, entrepreneurship in tourism means enterprises, complex activities at both macro-and micro-economic levels. The concept of opportunity is a main theme in entrepreneurship. The goals of this paper concern the identification of reasons and resources necessary to establish a tourism firm. The paper analyses these aspects between 2005 and 2013 to identify possible changes during the years from the perspective of the Romanian enterpriser behaviour. The research method consisted in Eurostat and Romania statistic data collection, processing and interpretation. One of the issues related to Eurostat was the lack of complete data on tourism: we found only data regarding entrepreneurship in hotels and restaurants in 2005, which limited our study options and prevented us from approaching other tourisms sectors such as travel agencies, tour-operators, rural tourism and agri-tourism, bread & breakfasts, motels, and camping sites. The study on 2013 relied on a questionnaire applied online to accommodation units in Romania, and involved a wider range of Romanian tourism operators. Result analysis pointed out the fact that Romanian entrepreneurs wish to be financially independent, to be their own bosses, and to make more money – all important reasons in launching a tourism business in both 2005 and 2013. Analysis of financial resources used by Romanian entrepreneurs in tourism shows that most of the funds used by Romanian entrepreneurs in the field come form their own resources and from families and friends; bank credits, European funds or support from the authorities represent a smaller share in both studied years.

The Evolution In Entrepreneurial Dimensions In Tourism In Romania

Annals - Economy Series, 2017

Tourism is a sector that encourages the creation of new enterprises in order to receive tourists, resulting in the development of other sectors. Small and medium enterprises from tourism sector generate significant revenues that contribute to higher levels of development of the local community. Adapting to the competitive environment - in an increasingly turbulent environment - requires more flexibility from managers. External environment acts on several categories of influencing factors: political and legal factors, economic factors, socio-cultural factors and technological factors. Detailed knowledge of all these factors on firm action is particularly useful beause it helps managers to understand and explain the decisions and behaviors they noted in the company they manage and it allows a detailed study of the constantly changing relationship between the firm and its external environment. This paper analyses the changes in the size of enterprises in the field of hotels and restaur...

Tourism Entrepreneurship and its Role in the Activity of SMEs in Romania

Journal of Economics and Business Research, 2014

Entrepreneurship associated with small businesses is regarded as a key vehicle for the creation of new enterprises, as it generates job growth and stimulates competition. In hotel, tourism and leisure industry, even if they still are a huge number of multi-corporations and multinational chains, industry is dominated by a substantial number of small businesses.

Entrepreneurship-Its gradual burgeoning in the realm of Tourism

Journal of Emerging Technologies and Innovative Research , 2022

The aim of this paper is to analyze the correlation between entrepreneurship and the tourism sector. This paper tried to examine very minutely the various research articles, studies of notable authors over the past century to actually determine the growth. Quantitative approach for describing, evaluating and monitoring has been used for this analytical study. Around 96 articles have been studied and taken into concern related to entrepreneurship and tourism to get to the results. The outcome of the study clearly reveals that the articles encircling the entrepreneurship and tourism are being amassed under three categories specifically: I.) The classification of entrepreneurship, II.) Small and medium sized tourism endeavors, III.) The learning & literature about entrepreneurship in the tourism industry. The quality and quantity of research materials found during the study helped to continue the investigation on broader and larger scales. In a comparative mode, it was found out that the knowledge production of entrepreneurship and tourism has increased in this century. However, another two decades have passed and we expect this study could provide some more insights and wider angle of vision to the literature regards to the field of entrepreneurship and tourism. As entrepreneurship is always accompanied by consequential chances, upheavals and recollections, the business behavior ornamentation in the tourism sector helps us with a lot of interesting and beguiling facts and figures for evaluation

The Specific Characteristics of Entrepreneurship Process in Tourism Industry

This paper analyzes the entrepreneurship process in general businesses and focuses on the differences unique to tourism and hospitality industry in comparison which the related literate review is inefficient as is. Thus by focusing on these differences, the study tries to recognize and distinguish the specific characteristics of tourism and hospitality industry entrepreneurship process, thus tries further, to group them under sub categories of homogeneous characteristics for effective and efficient management applications. In order to forecast the future ones, the paper also covers the real entrepreneurial processes in hospitality and tourism industry whch lead to new tourism types and applications like: local gastronomy tourism, rural adventure tourism specific to local attractions, sustainable and regional eco-tourism packages, local dark tourism examples, volunteer tourism types and applications of specific local events, etc. The study is a conceptual paper composed of a comprehensive literature review with brief examples and real life example on the topic of entrepreneurship process in hospitality and tourism. Originality and value of the paper lies in the area of the entrepreneurship process in tourism and hospitality industry as a means for innovation of new tourism products, effective marketing, efficient communication and creative small and medium sized enterprises (SME) applications in the industry. It is understood that tourism is one of the economic sectors in which a great degree of entrepreneurship involvement is needed due to characteristics of the industry as; high (SME) proportion within, motive, goal and values, attitudes, strategies and business applications. Tourism industry entrepreneurs differ from other industries’ entrepreneurs, and processes are accepted as a form of consumption rather than production. Also it is realized that the tourism entrepreneurship process is very vulnerable to rapid change in tourist behavior, tourist preferences and industry trends. Yet, it is also understood that tourism entrepreneurs seem to be highly motivated by life-style, quality of life (QOL) issues, locational preferences and other non-economic motives which are not common in general business entrepreneurs whose main motive seem to be profit maximization and financial independence.

The ROLE of ENTREPRENEURSHIP in TOURISM INDUSTRY: An Overview

In the contemporary era, both in industrialized countries and in emerging countries the prime concerns are individual rational and creativeness of entrepreneurial business. Entrepreneurial philosophy ultimately reduces unemployment rate, particularly educated youth. Examining tourists industry and tourism industry processes are the principal phase to empowering the educated youth to undertake tourism entrepreneurship business. The tourism industry is viewed as the agent of change in economic and social changes. Tourism entrepreneurship eliminates societal problems, but surge the fiscal growth and development of a country, resulting to rise in country GDP. Employment has continually been a dominant subject in development. Employment is vital to successful and viable growth. The tourism business is one of the largest, fastest growing sectors. The tourism industry is considered as an indispensable role in job creation. Overall, this paper review the charisma of tourism business in reducing unemployment and also elucidate the vitality of tourism industry in present-day. This study attempts to explain the role of tourism entrepreneur's roles for the development of different attracts areas.

Entrepreneurship “A Boon or Bane” In Tourism Industry

IOSR Journals , 2019

Tourism industry play the vital role for the nation building and economic stability of the nation so the entrepreneurship became a gift in tourism industry with the cause of environmentally preserved, economically beneficial and sustainable development for the localities and their development. In the contemporary scenario, industrialized countries and in emerging countries the prime concerns are individual rational and creativeness of entrepreneurial business. Entrepreneurial concerns ultimately reduces unemployment rate, particularly educated youth. Examining tourists industry and tourism industry processes are the principal phase to empowering the educated youth to undertake tourism entrepreneurship business. The tourism industry is viewed as the agent of change in economic and social changes. Tourism entrepreneurship eliminates societal problems, but surge the fiscal growth and development of a country, resulting to rise in country GDP. Entrepreneurship in tourism related with all spheres of industry as tour operations, handicrafts, hotel industry, and supplementary accommodation so on entrepreneurs in tourism industry are more concern with economically, socially and environmentally process in an ethical manner.

Entrepreneurship and Small Business in Tourism

2015

The importance of entrepreneurship in economic and social life is undeniable, representing a source of innovation and change, and thus stimulating economic growth. Tourism entrepreneurship can provide unexpected and salutary development opportunities in a region or a country, and the SMEs themselves represent the true engine of entrepreneurship.

Entrepreneurship in Tourism as a Factor of Rural Development

2015

In the face of growing segmentation of demand in the tourism market, the combination of entrepreneurship and rural tourism shows great potential in fostering economic development in previously marginalised areas. Specifically, the development of entrepreneurship in rural tourism is one of the major determinants of GDP growth and boosting employment in rural areas. The purpose and aim of this paper is to identify the attitudes, wants and preferences of entrepreneurs in rural areas in Croatia and Slovenia, and ascertain their plans for future business. Research was conducted on a sample of 366 entrepreneurs in rural areas in Croatia and Slovenia. The research tool was an interviewer- administered structured questionnaire applied in selected destinations in Croatia and Slovenia. Two hundred questionnaires were collected on the Croatian side, and the sample consisted of entrepreneurs in rural areas in Istria County and Primorje-Gorski Kotar County, while on the Slovenian side, 166 quest...

Tourism and entrepreneurship: A literature review

2019

The purpose of this study was to examine the possible relationship between tourism and entrepreneurship. This paper, therefore, tried to investigate the research articles which were published in the journals indexed by SSCI, SCI and SCI-E between 1994 and 2019. Bibliometric methods were employed in the analysis of the articles. After analysing the available articles chosen in line with the criterion set for this study, the authors obtained 142 articles (see APPEX 1) concerning tourism and entrepreneurship. The results of this study reveal that the articles compassing tourism and entrepreneurship are grouped under three themes; a) entrepreneurship-based; b) tourism-based and c) other field-based studies. The investigated articles were found to focus on different large scale topics in terms of quantity and quality. It was also found in the study that knowledge production of tourism and entrepreneurship has increased since the 2010s. This study is expected to contribute to the relevant...