Tourism entrepreneurship refers to the activities of the major group of stakeholders of his sector primarily designed for the effective and profitable interaction of demand for and supply of tourism products, at the same time assuring competitive professionalism and gainful socio-economic status.
Definition: Tourism entrepreneurship can be defined as “the professional application of knowledge. Skills and competencies and monetizing a tourism-related new idea, by an individual or a set of people by launching an enterprise or diversifying from an existing one, thus to pursue growth generating wealth, employment and social good”.
“A Tourism entrepreneur is a person who undertakes a risk to start up their business. This risk could end up making a profit or dishing up a loss. An entrepreneur usually has a vision dream or idea with a lot of hard work, they try and make work”.