Tourism has become an important industry at an international level. Many people have interesting ideas for innovative, sustainable tourism businesses and as the crowdfunding industry continues to grow exponentially year on year, it continues to successfully fund many of these people's tourism projects.
There have been multiple success stories in the travel industry with hotels and developers raising the necessary capital for their projects through crowdfunding platforms.
One of the first to pioneer this trend was TribeWanted, a sustainable, off-grid tourism company that has multiple sites around the world.
More recently, a chocolate factory in New Zealand has raised NZ$3.3 million in less than two days, prompting hopes that locals can continue the tradition of chocolate-making.
A $1.5 million renovation of the Hard Rock Hotel in Palm Springs was raised through crowdfunding in 2014 to renovate the hotel.
In any case, crowdfunding is being used to help raise funds to transform a historic building/renovating traditional houses for preservation and profit.
Tourism is a very large source of revenue, has positive effects on income generation, the creation of jobs and education and, consequently, in the fight against diversity and city development. It also creates significant opportunities for conservation, protection, respect and sustainable use of natural heritage and culture.
Crowdfunding helps innovative tourism ideas succeed and tourism businesses can use crowdfunding platforms rather than banks to fund their visions. This breaks down the barriers between consumers and business owners, creating a sense of shared purpose between fundraiser and investor.
Crowdfunding is useful for sustainable development and ethical tourism businesses in Australia, as funders really want these businesses to succeed and have communities as a part of their ideas.
Raising capital for a real estate project is much easier when accessing capital via an extensive online network.
Our technology allows for the real estate crowdfunding platforms to match your project to the most suitable source of funds.Get access to our crowdfunding loans for your tourism ideas
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The information in this article is general in nature. Any advice it contains is general advice only and has been prepared without taking into account the objectives, financial situation or needs of any particular person.
The article content is not intended to be a substitute for professional advice and readers are urged to seek their own appropriate advice before making decisions.
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