Journal of Investment and Management

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Innovative Activity as a Means of Developing the Economic Potential of the Tourism Industry

Received: 25 June 2018    Accepted: 06 July 2018    Published: 06 August 2018
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Abstract

This article gives an overview of the peculiarities of the use of innovations in tourism and their role in improving the investment attractiveness of the tourism industry of the Republic of Uzbekistan. And also the article highlights different approaches of creating favorable investment conditions for the creation of innovative tourism products. In the article the role of tourism has been demonstrated in the development of regional economies and the current condition of tourism in the region is analyzed with different approaches and methods. Thus, the distinctive feature of the development of innovative activities in tourism from classical tourist activities is the creation of a new or improvement of the existing tourist product, the improvement of transport, hotel and other services, the development of new markets, the introduction of advanced information and telecommunications technologies and modern forms of organizational and managerial activity.

DOI 10.11648/j.jim.20180703.13
Published in Journal of Investment and Management (Volume 7, Issue 3, June 2018)
Page(s) 86-90
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Tourism, Innovation, Investment, Economics, Empowerment, Performance

References
[1] National Legislation Database (www.lex.uz), 6 February 2018, N УП-5326 Decree of the President of the Republic of Uzbekistan "On additional organizational measures to create favorable conditions for the development of the tourism potential of the Republic of Uzbekistan".
[2] Justyna Majewska, Szymon Truskolaski. (2018) Cluster-mapping procedure for tourism regions based on geostatistics and fuzzy clustering: example of Polish districts. Current Issues in Tourism0:0, pages 1-21.
[3] Keith Debbage. (2018) Economic geographies of tourism: one ‘turn’ leads to another. Tourism Geographies 20:2, pages 347-353.
[4] Sofia Karampela, Dimitris Kavroudakis, Thanasis Kizos. (2017) Agritourism networks: empirical evidence from two case studies in Greece. Current Issues in Tourism 0:0, pages 1-20.
[5] Justyna Majewska. (2017) GPS-based measurement of geographic spillovers in tourism – example of Polish districts. Tourism Geographies 19:4, pages 612-643.
[6] Irma Booyens, Christian M. Rogerson. (2017) Networking and learning for tourism innovation: evidence from the Western Cape. Tourism Geographies 19:3, pages 340-361.
[7] César Camisón, Beatriz Forés, Montserrat Boronat-Navarro. (2017) Cluster and firm-specific antecedents of organizational innovation. Current Issues in Tourism 20:6, pages 617-646.
[8] Katarzyna Czernek. (2017) Tourism features as determinants of knowledge transfer in the process of tourist cooperation. Current Issues in Tourism 20:2, pages 204-220.
[9] Xiang Ying Mei, Merethe Lerfald, Hans Olav Bråtå. (2017) Networking and collaboration between tourism and agriculture: food tourism experiences along the National Tourist Routes of Norway. Scandinavian Journal of Hospitality and Tourism 17:1, pages 59-75.
[10] Ko Koens, Rhodri Thomas. (2016) “You know that's a rip-off”: policies and practices surrounding micro-enterprises and poverty alleviation in South African township tourism. Journal of Sustainable Tourism 24:12, pages 1641-1654.
[11] "Collection of Legislation of the Republic of Uzbekistan", February 13, 2017, No. 6, article 70 Decree of the President of the Republic of Uzbekistan" On the strategy for further development of the Republic of Uzbekistan "07. 02. 2017 N UP-4947.
[12] World Travel and Tourism Council: Economic Impact 2017 - March 2017, “ECONOMIC IMPACT 2017 UZBEKISTAN” p. 4-6.
[13] Gremyr, I., Witell, L., Löfberg, N., Edvardsson, B. and Fundin, A. (2014), “Understanding new service development and service innovation through innovation modes”, Journal of Business & Industrial Marketing, Vol. 29 No. 2, pp. 123-131.
[14] Sorescu, A., Frambach, R. T., Singh, J., Rangaswamy, A. and Bridges, C. (2011), “Innovations in retail business models”, Journal of Retailing, Vol. 87, pp. S3-S16.
[15] Carlborg, P., Kindström, D. and Kowalkowski, C. (2014), “The evolution of service innovation research: a critical review and synthesis”, The Service Industries Journal, Vol. 34 No. 5, pp. 373-398.
[16] A. Mirela, E. Aurelia. (2015) “Innovative practices in tourism. Apossible model by fostering shadow factors” ECOFORUM, [Volume 4, Special Issue 1, 2015].
Author Information
  • Department of Tourism, Tourism and Economics Faculty, Urgench State University, Urgench City, Uzbekistan

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    Ismailov Adhambek Bakhramovich. (2018). Innovative Activity as a Means of Developing the Economic Potential of the Tourism Industry. Journal of Investment and Management, 7(3), 86-90. https://doi.org/10.11648/j.jim.20180703.13

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    ACS Style

    Ismailov Adhambek Bakhramovich. Innovative Activity as a Means of Developing the Economic Potential of the Tourism Industry. J. Invest. Manag. 2018, 7(3), 86-90. doi: 10.11648/j.jim.20180703.13

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    AMA Style

    Ismailov Adhambek Bakhramovich. Innovative Activity as a Means of Developing the Economic Potential of the Tourism Industry. J Invest Manag. 2018;7(3):86-90. doi: 10.11648/j.jim.20180703.13

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  • @article{10.11648/j.jim.20180703.13,
      author = {Ismailov Adhambek Bakhramovich},
      title = {Innovative Activity as a Means of Developing the Economic Potential of the Tourism Industry},
      journal = {Journal of Investment and Management},
      volume = {7},
      number = {3},
      pages = {86-90},
      doi = {10.11648/j.jim.20180703.13},
      url = {https://doi.org/10.11648/j.jim.20180703.13},
      eprint = {https://download.sciencepg.com/pdf/10.11648.j.jim.20180703.13},
      abstract = {This article gives an overview of the peculiarities of the use of innovations in tourism and their role in improving the investment attractiveness of the tourism industry of the Republic of Uzbekistan. And also the article highlights different approaches of creating favorable investment conditions for the creation of innovative tourism products. In the article the role of tourism has been demonstrated in the development of regional economies and the current condition of tourism in the region is analyzed with different approaches and methods. Thus, the distinctive feature of the development of innovative activities in tourism from classical tourist activities is the creation of a new or improvement of the existing tourist product, the improvement of transport, hotel and other services, the development of new markets, the introduction of advanced information and telecommunications technologies and modern forms of organizational and managerial activity.},
     year = {2018}
    }
    

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    AB  - This article gives an overview of the peculiarities of the use of innovations in tourism and their role in improving the investment attractiveness of the tourism industry of the Republic of Uzbekistan. And also the article highlights different approaches of creating favorable investment conditions for the creation of innovative tourism products. In the article the role of tourism has been demonstrated in the development of regional economies and the current condition of tourism in the region is analyzed with different approaches and methods. Thus, the distinctive feature of the development of innovative activities in tourism from classical tourist activities is the creation of a new or improvement of the existing tourist product, the improvement of transport, hotel and other services, the development of new markets, the introduction of advanced information and telecommunications technologies and modern forms of organizational and managerial activity.
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