Nurturing Travel and Tourism Enterprises for Economic Growth and Competitiveness

Tourism and Hospitality Research, p. 1-5, DOI: 10.1177/1467358415621947, 2015

8 Pages Posted: 4 Feb 2017

See all articles by Mark Anthony Camilleri

Mark Anthony Camilleri

University of Malta; University of Edinburgh

Date Written: December 15, 2015

Abstract

Small and medium-sized enterprises are often constrained by their size and limited resources. They can find themselves in an equity gap where they may find it difficult to raise capital for their business. Consequently, this contribution involves a content analysis of specific European Union policies and instruments that are aimed at supporting small and medium-sized enterprises in accessing finance. Moreover, it also presents a short case study of a tourism start-up that has raised its capital requirements through crowdfunding. This research sheds light on practitioner-oriented tools that can ultimately foster a climate for job creation, economic growth and competitiveness among small and medium-sized enterprises in the tourism and hospitality sectors.

Keywords: Business, Small Business, Small and Medium Sized Business, SMEs, Financing SMEs, Startups, Seed Finance, Crowdfunding, Tourism, Hospitality, Equity Gap

JEL Classification: M00, M1, M10, M13, M16, O1, O2

Suggested Citation

Camilleri, Mark, Nurturing Travel and Tourism Enterprises for Economic Growth and Competitiveness (December 15, 2015). Tourism and Hospitality Research, p. 1-5, DOI: 10.1177/1467358415621947, 2015. Available at SSRN: https://ssrn.com/abstract=2877301

Mark Camilleri (Contact Author)

University of Malta ( email )

Department of Corporate Communication,
Faculty of Media and Knowledge Sciences
Msida, MSD2080
Malta
79314808 (Phone)

HOME PAGE: http://https://www.um.edu.mt/profile/markacamilleri

University of Edinburgh

27 Buccheluech Place,
The Business School
Edinburgh, Scotland EH8 9JS
United Kingdom

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