Value Added Eco- and Agri-Tourism Infrastructure and Services

Value Added Eco- and Agri-Tourism Infrastructure and Services

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Value Added Eco- and Agri-Tourism Infrastructure and Services
Value Added Eco- and Agri-Tourism Infrastructure and Services
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Services
Hospitality and Recreation
Business Model Description

Set up or invest in tourism establishments, including guest houses and associated services, that offer sustainable and responsible travel experiences prioritizing conservation of natural environments while integrating local communities, cultural and agricultural assets and local expertise into the tourism value-chain.

Expected Impact

Boost income generation in rural areas while also minimizing the sector's environmental impact.

How is this information gathered?
Updated: 13 Nov, 2023
Azerbaijan
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
10% - 15% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
USD 100 million - USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 1 million - USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Decent Work and Economic Growth (SDG 8) Responsible Consumption and Production (SDG 12)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Sustainable Cities and Communities (SDG 11) Reduced Inequalities (SDG 10) No Poverty (SDG 1)

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Sector Sources
  • 1) World Bank. 2020. International tourism, number of arrivals Azerbaijan. https://data.worldbank.org/indicator/ST.INT.ARVL?locations=AZ. 2) UNDP. 2020. Greening Prosperity: A Pathway Toward Green Jobs, Green Livelihoods and Green Recovery in Azerbaijan. Available Upon Request. 3) Report News Agency. June, 2022. Azerbaijan advances eight positions in Travel and Tourism Development Index. https://report.az/en/tourism/azerbaijan-advances-eight-positions-in-travel-and-tourism-development-index/. 4) Presidency of the Republic of Azerbaijan. 2016. Strategic Roadmap for the Development of Specialized Tourism Industry in the Republic of Azerbaijan. https://monitoring.az/assets/upload/files/d53a6f3606f2ec987a4084ee6664380e.pdf. 5) Republic of Azerbaijan Ministry of Economy. 2019. The State Programme on Socio-Economic Development of the Regions for the period from 2019 to 2023. https://economy.gov.az/storage/files/files/1029/ckaZ7sv78T43pEDXtvRGR3rexllt6N5g86xeTPyJ.pdf. 6) Republic of Azerbaijan. 2022. Socio-Economic Development Strategy for 2022-2026 of the Republic of Azerbaijan. Available upon request. 7) International Ecotourism Society. 2020. Azerbaijan Ecotourism Association Established to Foster Sustainable Tourism. https://ecotourism.org/news/azerbaijan-ecotourism-association-established-to-foster-sustainable-tourism/ 8) Heikkilä Jonna, et al. October, 2014. Need for Service Design Development for Sustainable Rural Tourism in Azerbaijan. https://doaj.org/article/c37e20e5e7f444feb05d87b5d8a14f51. 9) European Training Foundation. 2019. Azerbaijan Education, Training and Employment Developments 2018. https://www.etf.europa.eu/sites/default/files/2019-03/Azerbaijan%202018.pdf. 10) United States of America International Trade Administration. July, 2022. Azerbaijan Country Commercial Guide. https://www.trade.gov/country-commercial-guides/azerbaijan-transportation-and-logistics. 11) Aliagha Gasimov & Gunay Azizova. March, 2022. Promoting Exports of Services in Azerbaijan. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4028514. 12) Republic of Azerbaijan. 2021. Azerbaijan 2030: National Priorities for Socio-Economic Development. https://president.az/en/articles/view/50474. 13) London School of Economics, July 2017. How the rise of the service sector boosted the demand for women workers. https://blogs.lse.ac.uk/businessreview/2017/07/28/how-the-rise-of-the-service-sector-boosted-the-demand-for-women-workers/. 14) Asian Development Bank. 2019. Azerbaijan Country Gender Assessments. https://www.adb.org/sites/default/files/institutional-document/546166/azerbaijan-country-gender-assessment-2019.pdf. 15) Azpromo.2017. Doing Business in Azerbaiajn. https://azpromo.az/storage/737/hkmg4bHCfO-2017_compressed.pdf. 16) Yiming Liu and Sunshee Suk. December 2021. Influencing Factors of Azerbaijan and China’s Sustainable Tourism Development Strategy under the One Belt One Road Initiative. https://www.mdpi.com/2071-1050/14/1/187. 17) Economic Policy Research Center. 2022. Gender Equality in Work Domain: The Case of Azerbaijan and Georgia. https://eprc.ge/en/news/gender-equality-in-work-domain-the-case-of-azerbaijan-and-georgia/.
IOA Sources
  • 18) Azerbaijan Travel. Agro-ecoturism experience in captivating Ismayilli. https://azerbaijan.travel/lakeside-garden-ismayilli. 19) Agrogate. Citrus Valley Garden. https://agrogate.world/azerbaijan/citruss-valley-garden/. 20) Agrograte. Biogarden. https://agrogate.world/azerbaijan/biogarden/. 21) State Tourism Agency of the Republic of Azerbaijan. Azerbaijan Tourism Strategy 2023-2026. https://www.tourismboard.az/strategy. 22) UNDP Stakeholder Consultation with the State Tourism Agency, March 2023. 23) State Statistical Committee of the Republic of Azerbaijan. 2022. Tourism in Azerbaijan. https://www.stat.gov.az/menu/6/statistical_yearbooks/?lang=en. 24) UNDP Stakeholder Consultation with a Concessional Fund Under the Ministry of Economy of Azerbaijan, March 2023. 25) Azerbaijan Export & Investment Promotion Foundation (AzPromo). 2018. Catalogue of Investment Projects in Azerbaijan. https://ankara.mfa.gov.az/files/Azpromo%20investments%20catalogue.pdf. 26) Nuraa Rauf Rza-Zadeh & Marek Dvorak. 2020. Institutional Aspects of Risk Strategic Management in Azerbaijan Hospitality Sector. https://www.researchgate.net/publication/348001328_Institutional_Aspects_of_Risk_Strategic_Management_in_Azerbaijan_Hospitality_Sector. 27) Japan International Cooperation Agency. February, 2017. Data Collection Survey on Tourism Development in Azerbaijan. https://openjicareport.jica.go.jp/pdf/12286167.pdf. 28) Republic of Azerbaijan. 2021. Third Voluntary National Review Azerbaijan. https://sustainabledevelopment.un.org/content/documents/279452021_VNR_Report_Azerbaijan.pdf. 29) Republic of Azerbaijan Ministry of Ecology and Natural Resources. Interventions to be Implemented under the National Climate Policy of Azerbaijan between 2019 and 2022. http://eco.gov.az/frq-content/plugins/pages_v1/entry/20190823174624_94868000.pdf. 30) CIS Legislation. Law of the Azerbaijan Republic of December 27, 2021 No. 448-VIQ. https://cis-legislation.com/document.fwx?rgn=142922. 31) Entrepreneurship Development Fund of the Ministry of Economy. March 2023. Presentation on the Entrepreneurship Development Fund. Available Upon Request. 32) Azerbaijan Investment Company. Why Azerbaijan? https://aic.az/en/page/investors/why-azerbaijan. 33) The International Ecotourism Society. January, 2020. Azerbaijan Ecotourism Association Established To Foster Sustainable Tourism. https://ecotourism.org/news/azerbaijan-ecotourism-association-established-to-foster-sustainable-tourism/. 34) Azerbaijan Travel. Lankaran Lush Landscapes Intriguing Culture. https://azerbaijan.travel/trip-to-lankaran.