Evaluation of Sustainable Tourism Investment in Tourism Businesses: Evidence from Egypt

Document Type : Original Article

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Faculty of Tourism and Hotels, University of Sadat City

Abstract

Sustainable tourism investment is one of the important topics imposed by environmental challenges to reduce the negative effects of tourism investment on the environment. Sustainable tourism investment is the investment in all tourism activities to achieve tourism development, sustainable development goals, and apply economic, social, and environmental dimensions. This research aims to evaluate sustainable tourism investment practices in Egypt. Data were collected from 356 managers through a questionnaire, which was distributed in various tourism businesses such as travel agencies, hotels, eco-lodges, diving centers, and protected areas. The results revealed that tourism businesses in Egypt apply sustainable tourism investment practices. In addition that the eco-lodges are the most tourism business in Egypt that apply sustainable tourism investment practices. On the other hand, travel agencies are the least viable tourist businesses for sustainable tourism investment practices. Moreover, the results of the research indicated that Egyptian private investment projects are the most committed types of investment in implementing sustainable tourism investment. The results of this research hold important implications for the research community and tourism businesses in Egypt.

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