Open AccessTourism and financial risks
Author(s) -
Nino Letandze
Publication year - 2017
Publication title -
globalizac'ia da biznesi
Language(s) - English
Resource type - Journals
eISSN - 2449-2612
pISSN - 2449-2396
DOI - 10.35945/gb.2017.04.025
Subject(s) - tourism , inflation (cosmology) , georgian , order (exchange) , monetary policy , business , interest rate , economics , consumer confidence index , finance , economic policy , marketing , monetary economics , political science , linguistics , philosophy , physics , theoretical physics , law
In the article the basic concepts of tourism business safety are considered, the author’s classification of the ma- jor risk factors arising in the organization of tourist activity is given.The presence of risks and the opinion of the owners of travel agencies proves that this business is not so simple as it seems at first glance. And like any business, it requires a thorough and thoughtful approach. Therefore, planned in- vestments in the tourist business require an assessment of the degree of risk, the determination of its magnitude and the application of measures to a decrease.Monetary policy is an integral part of a single state economic policy. The inflation rate in Georgia in October 2016 compared to the previous month was 0.5%, in comparison with October 2015, the consumer price index decreased by an average of 0.2%, as in our food basket imports are 80%, with an increase the number of tourists, the demand for food products is growing and, accordingly, the demand for imports is growing. The increase in the number of visitors is in favor of the Georgian economy, but according to experts on economic issues, it contributes to inflation processes. We believe that in order to prevent these processes, we need the right monetary policy and effective solutions of the national bank.