The Role Of Private Sector In The Development Of The Tourism Industry The Case Of Privately Owned Hotels In Addis Ababa

The private sector has a key role in playing a vital part in one‟s country economic growthrnand development. The economic contribution of privately owned hotels in Addis Ababa isrna theme of this paper that has been addressing to investigate the bottlenecks of the hotelrnindustry and assessing the substantial contribution of hotels to the economy. Thernobjective of the research is to critically examine and evaluate the impact of privatelyrnowned hotels to the country‟s economic development. The researcher collected bothrnqualitative and quantitative data from primary and secondary sources, usingrnquestionnaire, interview, focus group discussion, document review and personalrnobservation to make the study more reliable and vibrant. Findings indicate that privatelyrnowned hotels have a crucial contribution to the economy as a means of generatingrnforeign currency, maintain country‟s trade balance, in income tax generation, creation ofrnjob opportunities, skill development, building image of the country and encourage orrnattract visitors. The sector has also shortcoming like not having competent policy makers,rnlack of skilled manpower, and brain drain in the industry, lack of quality products forrnluxury hotels in domestic market and long customs processes to import items. Thernresearcher concludes that the privately owned hotels contribution to the country‟srneconomy is enormous and in its progressive stage. Finally, the researcher recommendsrnthat the money generated by the sector should be reinvested to the hospitality industry;rnhighly skilled professionals should be assigned by the government to its institutions to thernsector so that they can solve problems related to the sector and also be able torncommunicate satisfactorily in international level

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