Issues of Attracting Foreign Investment in the Tourism Industry of Kazakhstan

  • Askar SADUOV E.A. Buketov Karaganda State University, Kazakhstan
  • Beibut MUKANOV E.A. Buketov Karaganda State University, Kazakhstan
  • Saule MAZHITOVA Karaganda University of Kazpotrebsoyuz, Kazakhstan
  • Almas TOLEUULY E.A. Buketov Karaganda State University, Kazakhstan
  • Zoya GELMANOVA Karaganda Industrial University, Kazakhstan
  • Turlybek KAZBEKOV E.A. Buketov Karaganda State University, Kazakhstan

Abstract

The purpose of the study is to analyze the factors that affecting foreign flows in the tourism sector, which allows to solve several problems associated with both increasing the level of satisfaction of cultural needs of the population, and the creation of conditions for the development of forms of entrepreneurship as the main actors in the tourism industry. In this regard, the issues of attracting foreign investment in the tourism industry are in line with the use of digital platforms as the main channels of interaction with customers and transactions, as well as a means of creating investment business models for the Kazakhstan tourism industry.

References

[1] Abbas, J., et al. 2021. Exploring the impact of COVID-19 on tourism: transformational potential and implications for a sustainable recovery of the travel and leisure industry. Current Research in Behavioral Sciences, 2: 33-41. DOI: https://doi.org/10.1016/j.crbeha.2021.100033
[2] Akbulaev, N., and Bayramli, G. 2020. Maritime transport and economic growth: interconnection and influence. An example of the countries in the Caspian Sea coast; Russia, Azerbaijan, Turkmenistan, Kazakhstan, and Iran. Mar. Pol. 118: 104005. DOI: https://doi.org/10.1016/j.marpol.2020.104005
[3] Dogru, T., and Bulut, U. 2018. Is tourism an engine for economic recovery? Theory and empirical evidence. Tourism Management, 67: 425–434. DOI: https://doi.org/10.1016/j.tourman.2017.06.014
[4] Gomez-Vega, M., and Picazo-Tadeo, A. 2019. Ranking world tourist destinations with a composite indicator of competitiveness: To weigh or not to weigh? Tourism Management, 72: 281–291. DOI:https://doi.org/10.1016/j.tourman.2018.11.006
[5] Gupta, A., and Gupta, Sh. 2021. Determining Interrelationship between Factors Impacting Foreign Direct Investment in Tourism: An ISM-based Approach. Asia-Pacific Journal of Management Research and Innovation, 11(3): 584-593. DOI: https://doi.org/10.1177/2319510X211048584
[6] Iovita R., et al. 2020. In search of a Paleolithic silk road in Kazakhstan. Quat. Int., 7(16): 23-34. DOI:https://doi. org/10.1016/j.quaint.2020.02.023, 2020/02/20/
[7] Jiang, Q.J., and Li, Y. 2018. Demand forecasting and information platform in tourism. Open Phys., 15 (1): 247–252.
[8] Khan A., et al. 2020. Tourism and Development in Developing Economies: A Policy Implication Perspective. Sustainability, 12(4): 1618. DOI: https://doi.org/10.3390/su12041618
[9] Musavengane R. 2019. Small hotels and responsible tourism practice: Hoteliers’ perspectives. Journal of Cleaner Production, 220: 786-799. DOI: https://doi.org/10.1016/j.jclepro.2019.02.143
[10] Oldak, P.G. 2018. The tourism industry is one of the leading directions in the development of the modern economy. Problems of development of the tourism industry. Novosibirsk: Nauka, 3-21 pp.
[11] Phimpamot, T., and Karzanova, I. 2021. Foreign direct investment in the Lao People's Democratic Republic: Challenges and prospects. Asia and Africa Today, 12: 64-70. DOI:https://doi.org/10.31857/S032150750017786-6
[12] Salinas, J. A., Guaita, J. M., and Martín, J. M. 2021. An analysis of the competitiveness of the tourism industry in a context of economic recovery following the COVID19 pandemic. Technological Forecasting and Social Change, 174: 121301.DOI: 10.1016/j.techfore.2021.121301
[13] Shumakova, E. V. 2019. Apart -hotel as an innovative form of organization of a hotel business. Azimuth of Scientific Research: Economics and Administration, 3(28): 400-402. DOI: https://doi.org/10.26140/anie-2019-0803-0093
[14] Tanina A. V., Kalmykova S. V., and Mudrova E. B. 2020. Problems and prospects of development of the apartment market in St. Petersburg. Business. Education. Law, 3: 139–146. DOI:https://doi.org/10.25683/VOLBI.2020.52.302
[15] Official Research with data collection for the promotion of the tourism industry in the countries of Central Asia. 2022. International Development Center of Japan Inc. 288 pp. Available at: https://openjicareport.jica.go.jp/
[16] Official resource of Data of the Committee on Statistics of the Republic of Kazakhstan for 2010-2021. Available at: https://www.stat.gov.kz
[17] Report "A Study with Data Collection to Promote the Tourism Industry in Central Asia". International Development Center of Japan Inc. (IDCJ) PADECO Co, p.288. Available at: https://openjicareport.jica.go.jp/
[18] UNWTO World 2022. Tourism Barometer Volume 20. Issue 1. January. Available at: https://www.e-unwto.org/doi/pdf/ 10.18111/wtobarometeresp.2021.19.1.1 
Published
2022-12-31
How to Cite
SADUOV, Askar et al. Issues of Attracting Foreign Investment in the Tourism Industry of Kazakhstan. Journal of Environmental Management and Tourism, [S.l.], v. 13, n. 8, p. 2284 - 2294, dec. 2022. ISSN 2068-7729. Available at: <https://journals.aserspublishing.eu/jemt/article/view/7507>. Date accessed: 08 feb. 2023. doi: https://doi.org/10.14505/jemt.v13.8(64).21.