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OECD Tourism Papers

This series is designed to make available to a wider readership selected studies drawing on the work of the OECD Tourism Committee (www.oecd.org/cfe/tourism). OECD Tourism papers address issues such as trends and policies, innovation, sustainability, skills and statistics. The series complements OECD tourism publications, and aims to share knowledge, stimulate discussion and analysis on specific topics and obtain feedback from wider interested audiences on specific topics.

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Financing approaches for tourism SMEs and entrepreneurs

Access to financing is vital to promote entrepreneurship and SME development and build an innovative, competitive and sustainable tourism sector. This report examines mechanisms to improve access to finance for tourism SMEs and entrepreneurs at each stage of the business lifecycle, with a particular emphasis on small and micro-enterprises. It discusses key issues and policy considerations to help improve tourism SME financing conditions, broaden the range of financing instruments available and support uptake of available financing instruments. Case studies of financing approaches in a number of countries support the policy discussion and provide technical information. The paper captures the perspectives of policy makers, financing agencies and institutions, and the tourism industry, and has benefitted from significant contributions and inputs from 21 countries: Austria, Canada, Chile, Croatia, Denmark, Egypt, France, Germany, Greece, Hungary, Japan, Mexico, the Netherlands, New Zealand, Norway, the Philippines, Portugal, the Russian Federation, Slovenia, Sweden and Switzerland. 

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