The Role of Tourism Entrepreneurship Businesses in the Economic Development: An Overview
Abstract
Tourism entrepreneurship is considered as a recent phenomenon in the academic literature.
Although the existing literature explored much on the role of entrepreneurship in the tourism
industry as well as the role of entrepreneurship in the economic development, investigation
of the role of tourism entrepreneurship businesses on the tourism development and
consequently, on the economic development is not done extensively. The study provides a
brief overview of the contribution of the entrepreneurship businesses in the economic
development. Moreover, it also shortly describes the role of entrepreneurship in tourism
businesses that stimulate tourism development. Thus, the study tried to explore the
contribution of the tourism entrepreneurship businesses to the tourism development as well
as economic development of the country. However, this study focused the three main
contributions of tourism entrepreneurship businesses that require in the economic
development of any country: (1) tourism entrepreneurs can create employment opportunities
for themselves as well as for others (2) tourism entrepreneurship businesses can improve life
standard of the people through earning more income and (3) rural development occurs
through this tourism entrepreneurship businesses. Further depth study might be possible for
providing some empirical evidence based on these three aspects of economic development
that would investigate how employment opportunities, the standard of life as well as rural
development can be possible through tourism entrepreneurship businesses. Moreover, a
future study needs to explore how tourism entrepreneurship helps bring business benefits
and tourism development that contribute to these three aspects of economic development.