Foreign direct investment in tourism - flows and volumes.

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The effect of tourism investment on tourism development and CO2 emissions: empirical evidence from the EU nations (2018, background): “vertically integrated tour operators), which will lead to increase in the flow of tourists and generating more income from tourism-related activities (Endo, 2006). While there are strong theoretical arguments supporting the relationship between FDI and tourism, the empirical evidence is scarce, and ”
Tourism economics research: A review and assessment (2012, background): “Endo (2006) argues that this is because many transnational corporation hotels use the non-equity forms of en-”
Tourism and Poverty Alleviation: An Integrative Research Framework (2007, background): “…destinations is usually characterised by small capitalisation, inexperience and lack of expertise; thus, deep involvement of foreign companies and professionals is often required in order to keep competitive, especially in the early stages of tourism development (Ashley & Jones, 2001; Endo, 2006).”