Development of entrepreneurship business in tourism and hospitality industry
Pramod Kumar Singh, Anurag Singh Parihar and Sachin Kumar Singh
Tourism and hospitality industry is a complex sector, a distinct field of activity, a component of economic and social life that offers multiple opportunities for small business development, but also capital intensive and highly competitive. In this context, its connection with entrepreneurship takes into account the economic development of tourist areas, aims to create new sustainable businesses by increasing the capacity and willingness of enterprises to develop, organize a business, to manage risk and profit. The aim of this research paper to analyse the reasons and resources to established tourism enterprises. The survey of this research investigates at tourist place of Jabalpur in June-July 2019. The research method consisted in primary data collected through questionnaire, processing and interpretation and to identify the existence of constraints regarding business, a limitation of entrepreneurship, growth and behaviour. Entrepreneurship in tourism and hospitality industry must boost competitiveness, leading to increased productivity and economic development.