Investment Opportunities Of Tourism Industry In Azerbaijan And Its Regions

Abstract

Azerbaijan Republic has huge potential for the development of tourism. This sector is considered as one of priority fields of the non-oil sector of the country. Significant role here is played by investments and funding, implementation of big projects on tourism and the use of recreational potential of Azerbaijan. This scientific work deals with the study of investments in the tourism industry of Azerbaijan Republic and its regions, the current situation and dynamics of investing in the tourism as well as the relevant role of governmental assistance of financing . Investments from various origins, their role, share and profitability are analyzed in the study work. The role and participation of the government, foreign investors and domestic entrepreneurs in investing of tourism activities as well as the changes and tendencies, observed by this sector in recent years , are analyzed in detail in the article. The authors offer appropriate recommendations on prospects of attracting investments in tourism industry of Azerbaijan.