Print ISSN: 2204-1990

Online ISSN: 1323-6903

Keywords : travel


ROLE OF FDI IN ENCOURAGING HOSPITALITY SECTOR IN THE CHANGING ECONOMIC ENVIRONMENT: AN EMPIRICAL STUDY

Harikumar Pallathadka, Laxmi Kirana Pallathadka

Journal of Contemporary Issues in Business and Government, 2022, Volume 28, Issue 3, Pages 342-350
DOI: 10.47750/cibg.2022.28.03.028

Foreign investors invest their resources to earn profits out of the revenue incurred while
strengthening the hospitality industry. Foreign Direct Investment is characterized as
unfamiliar financial investors blending their resources into another nation with command
over the administration of resources and benefits. For the most part, it is a fact that the more
FDI a nation obtains, the more is the chance to develop economically. Financial development
could create a nation full of opportunities. FDI frequently brings enormous amounts of assets,
and new innovations to the nation, just as cutting edge board abilities permit nearby
enterprises and areas to acquire a great deal of involvement (Mason & Brown, 2014). The
hospitality sector has been developing efficiently and effectively in the current years, and it
has been generating lots of wealth from other countries. Foreign direct investment promotes
employment and has given rise to colossal human resources available in the hospitality
sector. This paper aims at portraying a view of FDI and its role in fostering the hospitality
industry in a dynamic economic ecosystem. A sample of 190 people from the hospitality
sector was surveyed to know the role and significance of FDI in Encouraging the Hospitality
Sector in the Changing Economic Environment. Mean, and the test was applied to analyze the
data and reach results. It is found that FDI plays a significant role by encouraging the
Hospitality Sector in the Changing Economic Environment.