Economic and Social Priorities for Expanding the Tourism Services Sector
DOI:
https://doi.org/10.51699/cajitmf.v7i1.1089Keywords:
Tourism Services, Socio-Economic Development, Employment, Investment, Infrastructure, Cultural Heritage, Economic Growth, Territorial DevelopmentAbstract
Tourism services are integral to economic development, contributing to GDP, employment, and infrastructure. This article explores the socio-economic impact of tourism services, with a focus on Uzbekistan's role in a globalized, competitive economy. Despite the sector's growth, there is limited research on optimizing tourism services to maximize their economic benefits. Using qualitative methods such as literature review, case studies, and expert interviews, the study examines the role of tourism services in Uzbekistan. The findings show that tourism offers significant opportunities for economic diversification, foreign exchange earnings, and cultural promotion. However, challenges exist in adopting digital technologies, attracting investment, and ensuring sustainability. The results highlight that tourism services stimulate economic growth, create jobs, improve living standards, and foster small businesses. The sector also enhances national competitiveness on a global scale. The study's implications emphasize the need for targeted policies, improved infrastructure, and investment to support sustainable tourism development. Future research should focus on the effects of digitalization and innovation in the tourism services industry.
References
O. T. Astanakulov, Tourism Management (Textbook). Tashkent: Lesson Press MChJ, 2023, p. 46.
Sh. M. Mirziyoyev, “A bright recognition of great tourism potential,” Xalq So‘zi, no. 220 (8563), Oct. 17, 2023.
A. S. Kusskov and Yu. A. Djaladyan, Fundamentals of Tourism: Textbook. Moscow: KNORUS, 2008, p. 316.
L. V. Stakhova, Fundamentals of Tourism: University Textbook. Moscow: Yurayt Publishing, 2022, p. 327.
M. B. Birzhakov, Introduction to Tourism, 9th ed., rev. and enl. St. Petersburg: Gerda Publishing House, 2007, p. 576.
G. R. Khidirova and F. M. Rakhmatullayeva, Regional Tourism: Textbook. Bukhara: Sadriddin Salim Bukhari Durdona Publishing, 2020, p. 28.
Z. M. Mukhammedova, Investments in Tourism: Monograph. Samarkand: SamDCHTI Publishing, 2021, p. 44.
G. Gospodarchuk, “Assessment of financial development of countries based on financial-asset matrix indicators,” Economies, vol. 10, no. 5, May 2022. doi: 10.3390/economies10050122.
T. Corzo, “Exchange rate regime changes and market efficiency,” Journal of International Money and Finance, 2025. doi: 10.1016/j.jimonfin.2025.102123.
C. D. Ippoliti, “Currency cycles of the major world currencies,” 2025.
J. S. Davis and A. Zlate, “Real exchange rates and the global financial cycle,” Federal Reserve Bank of Dallas Working Paper, Nov. 22, 2024. doi: 10.24148/wp2416.
Central Banking in Financially Subordinated Countries, [Journal name], 2024. doi: 10.1080/08911916.2024.2412518.
R. D. Usmanovich, “Sustainable tourism resources and development in Uzbekistan,” CAJITMF Journal, 2025.
J. S. Davis and A. Zlate, “Real exchange rates and the global financial cycle,” Federal Reserve Bank of Dallas Working Paper, Nov. 22, 2024. [Online]. Available: dallasfed.org.
J. Beutel, “The global financial cycle and macroeconomic tail risks,” [Journal name], 2025. doi: 10.1016/j.jimonfin.2025.102123.
K. Magubane, “The stability of the financial cycle: insights from a Markov switching approach,” Journal of Financial Stability, vol. 18, no. 2, 2025. doi: 10.3390/1911-8074/18/2/76.
Downloads
Published
How to Cite
Issue
Section
License
In submitting the manuscript to the Central Asian Journal of Innovations on Tourism Management and Finance, the authors certify that:
- They are authorized by their co-authors to enter into these arrangements.
- The work described has not been formally published before, except in the form of an abstract or as part of a published lecture, review, thesis, or overlay journal.
- That it is not under consideration for publication elsewhere,
- The publication has been approved by the author(s) and by responsible authorities – tacitly or explicitly – of the institutes where the work has been carried out.
- They secure the right to reproduce any material that has already been published or copyrighted elsewhere.
- They agree to the following license and copyright agreement.
License and Copyright Agreement
Authors who publish with Central Asian Journal of Innovations on Tourism Management and Finance agree to the following terms:
- Authors retain copyright and grant the Central Asian Journal of Innovations on Tourism Management and Finance right of first publication with the work simultaneously licensed under Creative Commons Attribution License (CC BY 4.0) that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors can enter into separate, additional contractual arrangements for the non-exclusive distribution of the Central Asian Journal of Innovations on Tourism Management and Finance published version of the work (e.g., post it to an institutional repository or edit it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) before and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.


