Role of crowdfunding platforms in rural tourism development

Temelkov, Zoran and Gulev, Gule (2019) Role of crowdfunding platforms in rural tourism development. SocioBrains, International scientific refereed online journal with impact factor (56). pp. 73-79. ISSN 2367-5721

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Abstract

Increase in the attractiveness of rural tourism as a tool for local economic development, is imposing the need for identification of factors which could adversely affect its development. Consequently, the tourism development strategies should be developed with the objective of eliminating negative effects arising from these factors. One of the factors faced by local government and rural entrepreneurs is the lack of adequate level of funds needed for financing different investment activities related to rural tourism development. Currently,
entrepreneurs could finance their activities either from their own funds, government programs or traditional
financing sources.
Nevertheless, it can be noted that strategies for rural tourism development fail to incorporate the alternative financing sources as viable sources for raising funds and attracting investors. These new sources of finance could offer numerous benefits for the development of rural tourism. Thus, utilization of crowdfunding platforms should become an integral part of every tourism development strategy.

Item Type: Article
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Tourism and Business Logistics
Depositing User: Zoran Temelkov
Date Deposited: 28 May 2019 08:46
Last Modified: 28 May 2019 08:46
URI: https://eprints.ugd.edu.mk/id/eprint/22063

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