NEWS AND EVENTS
February 24, 2015
Demand Begets Supply
Under the current global instability, many countries seek for new sources of income and growth of national economy. In this context, experts see tourism as a relatively inexpensive, but highly attractive destination for investment. Uzbekistan has been actively working in this direction, as proved by figures: last year the volume of tourism services in the country grew by 16%.
Many experts see 2015 as crucial for the development of the world tourism industry. Regional conflicts have made many traditional destinations unavailable for traveling. In fact, tourists go solely to the countries that guarantee safety and comfort. That explains why some traditional leaders like Egypt and other Middle East countries have lost a significant amount of tourist flow due to perturbations in the domestic policy and threats from radical groups. Meanwhile, people have not reduced their vacations; they have just shifted to new directions. Under these circumstances, Uzbekistan has a good chance to attract part of the tourist flow. The more so we have much to show.
The 99th session of the Executive Committee of the World Tourism Organization in Samarkand have proved the bolstering authority of Uzbekistan in the international market, and allowed many travel companies to learn about the products offered by Uzbekistan. UNWTO Secretary General Taleb Rifai highly commended the tourism capacity of Uzbekistan and the policy the country has been pursuing to develop this sector.
Today, the process of streamlining the infrastructure as a key pillar of the tourism sector is underway in the country. Target programs of tourist development of certain regions significantly contribute to this process.
Under the documents, new hotels, restaurants and other tourist facilities have been built and reconstructed throughout the country over the past two years. The programs of tourism development of Tashkent, Kashkadarya and Khorezm regions envisage implementation of 484 projects worth over $260 million, of which $119 million will be invested by project initiators, $88 million - bank loans, $26 million - the national budget, and $29 million will consist of foreign grants and investments.
(Source: «Uzbekistan Today» newspaper)