engleski

Viability of the public private partnership concept in tourism

Public-private partnerships have become a widely spread model for an economically efficient market supply of public infrastructure facilities and/or services that have traditionally been in the domain of the public sector. In recent times the public-private partnership concept is increasingly associated with tourism. Since tourism requires close cooperation between the public and private sector, this article aims to establish a clear distinction between tourism related projects for which a public-private partnership could be an economically viable, cost-efficient and socially acceptable solution, and tourism projects for which this should not be the case. In methodological terms, the article predominantly relies on the theoretical precepts, economic reasoning and worldwide accepted best practice of the public-private partnership model, as well as on its successful application in various tourism related projects in different jurisdictions.

public-private partnerships ; tourism ; economic viability

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