Research On The Application Of Asset Securitization In Tourism Industry

Today,tourism has become the key industry in China's strategic development.The development of tourism has an important role in promoting the economic growth of the country and promoting the regional economic transformation.In recent years,the number of people traveling in our country has been increasing rapidly in recent years.Each tourist scenic area needs to be developed and expanded to meet the increasing number of tourists,and a large amount of financing needs to be increased accordingly.However,as the development projects of tourist attractions generally require greater investment,the recovery of funds through ticket revenue also needs a longer period of time,and the tourism industry relies on its unique scenic resources to operate,and its operation is easily affected by non human factors such as climate and other factors,and has unpredictable risks.Therefore,in order to develop the tourism industry,we must seek financial innovation.Now the asset securitization is developing rapidly in our country.This characteristic can precisely solve the problem of financing difficulties of the tourism enterprises in our country.Based on this,this paper tries to analyze the key elements of the development of the asset securitization tourism and put forward some suggestions.This paper first introduces the overall operation and key steps of the project,and then analyzes the characteristics of the basic assets of the project,the measures of increasing credit,the structure of the transaction and the securitization of the income right type assets,and summarizes the general experiences and shortcomings that can be used for reference.It is concluded that the project has a valuable reference for the industry in selecting basic assets,improving governance structure and credit enhancement measures.However,it is difficult to fully extend the application of this model to the securitization of tourism enterprises.The reason is that the management system of many scenic spots is not perfect,the popularity of small scenic spots is not high,and the income of scenic spots is seasonal,and the basic assets are difficult to reach the standard.For tourism enterprises whose basic assets have not yet reached the standard,further product innovation is needed.Finally,combined with the current situation of tourism,the advantages and difficulties of asset securitization in promoting tourism are analyzed,and relevant suggestions are put forward.