Development Trends and Efficiency Factors of Entrepreneurial Activity in The Tourism Sector of Uzbekistan

Abstract

Entrepreneurship in the tourism sector is a key driver of economic diversification and employment in Uzbekistan. As the country positions itself as a growing tourism destination, analyzing the development and efficiency of private sector participation becomes increasingly significant. While tourism’s contribution to Uzbekistan’s economy is recognized, there is limited empirical research that evaluates the regional disparities, investment dynamics, and socio-economic outcomes of entrepreneurial activity within this sector. Existing studies often lack integrated approaches combining spatial, statistical, and policy perspectives. This research applies SWOT analysis, comparative evaluation, and statistical analysis to assess the pace and impact of entrepreneurial development in Uzbekistan’s tourism sector. Key indicators include the number of active tourism entities, investment volumes, private sector participation, and job creation. The study reveals significant growth in tourism entrepreneurship, driven by increased private sector engagement and investment activity. However, regional imbalances persist certain areas show high levels of entrepreneurship, while others lag behind due to infrastructural and institutional limitations. Factors such as limited access to finance, bureaucratic obstacles, and skills shortages were identified as key barriers. The article emphasizes the need for targeted regional policies to reduce territorial inequality and stimulate balanced tourism growth. Policy recommendations include improving access to credit, enhancing human capital, and creating favorable investment conditions. Strengthening tourism entrepreneurship can significantly contribute to Uzbekistan’s socio-economic development and help achieve long-term sustainability in the tourism industry.