Attraction of foreign investment in the form of tourist objects revitalization

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Visnyk LNAU: Economics of AIC 2019 №26: 137-140

Attraction of foreign investment in the form of tourist objects revitalization

Ya. Yanyshyn, PhD
Lviv National Agrarian University

https://doi.org/10.31734/economics2019.26.137

Annotation

The article studies the essence, content, and the need for of development of tourist sites revitalization, analyzes usage of tourist sites efficiency of the studied district, makes assessment of foreign investment attraction and investment attractiveness of the tourism industry of the studied district, argues reasonable measures of control for tourist sites revitalization.

The strategic goals of the tourism investment policy in Kamianka-Buzka district of Lviv region suggest creation of the legal framework and guarantee for the investments in tourism, both foreign and domestic; formation of favorable image of the area; creation of favorable investment climate; stimulation of the inflow of capital investments in the reconstruction and construction of modern tourist complexes, sanatoriums, hotels that meet international requirements and standards.

The main objectives of revitalization of the tourist sites in Kamianka-Buzka district of Lviv region expects preservation of cultural monuments; development of tourist infrastructure in the area under revitalization; development of the services, related to tourist traffic services (tourist information points, catering infrastructure, hotel business); expanding of the cultural agenda.

The analysis has revealed a number of defects. Elimination of those defects secures formation of the basis for development of the measures to control the tourist sites revitalization as a tool of foreign investment attraction. As a result of the proposed measures, it is expected that tourist sites revitalization in Kamianka-Buska district of Lviv region may be one of the most important directions in development and strengthening of the district economy, as well as economy of the whole country (mostly due to foreign investments). It will make a breakthrough in its development and reforming by increasing business activity and support of domestic enterprises, as well as promoting patriotism and rising the cultural level population.

Key words

revitalization, tourism, tourist sites, foreign investment

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Article received 10.08.2019.

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