Adaptation of foreign experience of the tourism industry development as a growth driver of the national economy
<b>Importance </b>A competitive tourism product can be created for the world market, if public authorities and private structures take a comprehensive approach to developing the tourism industry, which allows to systemically influence certain components of tourism, and promote the domestic product in the international market. <br></br> <b>Objectives </b>The research <b></b>systematizes foreign experience in developing the State policy for tourism and traveling. We analyze international practices of initiating the investment and entrepreneurial activity in the tourism sector and positioning of the tourism industry as the national economy growth driver. <br></br> <b>Methods </b>In this research we examine international competencies in implementing administrative practices aimed to develop economic modernization projects. We use the general scientific methods of research, such as a system-structural method, scientific abstraction, analysis and synthesis, comparative analysis. <br></br> <b>Results </b>We determine areas where investment in the tourism industry of the Russian Federation is generated. We carry out a comparative analysis of the way measures of the State policy for tourism and traveling are implemented in Russia and Spain. The research identifies international tools for encouraging the investment and entrepreneurial activities and possibilities of their adaptation to the Russian economy. <br></br> <b>Conclusion and Relevance </b>To generate investment in tourism, it is necessary to identify the cause-effect relationships between the business environment of territories and investment activity of economic entities. When developing the Russian economy modernization programs, international tourism leaders’ experience shall be considered, with tools for stimulating the investment and entrepreneurial activity being adapted to domestic realities.