Abstract: Summary: The Small and Medium Size Enterprises (SMEs) are defined on the basis of the number of employees and the size of the investment. In the tourism sector, SMEs play a crucial role in expanding the nation’s tourism industry. SMEs can provide a range of key services and products which are usually not offered by large-scale tourism companies. As such, SMEs are complementary to big businesses and essential in creating a “complete” tourism system. In some of Libya’s neighbouring countries, also in many other countries, the tourism has a significant contribution to Gross Domestic Product (GDP) and reduces the high unemployment rate. It is important, therefore, for planners and decision-makers not to ignore this vital sector of the tourism industry. The paper first identifies the role to be played by the state and large investors (private capital) in developing the tourism industry in Libya, and then it examines some essential areas in which SMEs can be key players.
Publication Year: 2015
Publication Date: 2015-01-01
Language: en
Type: book-chapter
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot