Tourism industry plays a vital role both at global and individual levels. Many countries depend on tourism as a main source of foreign income. Tourism is a type of service to which marketing mix can be applied to. The marketing mix consist of so called “four Ps”: Product, Price, Promotion and Place. Out of the four components, “Promotion” is the most visible factor. The selection and use of the appropriate tools is crucial during the whole promotional process. (Kozma, 1995). The main objectives of this study are to study and evaluate the promotional tools undertaken by different hotels and tour operators for the development of tourism and hospitality industry; to identify the problems and limitations of promotional activities undertaken by tourism companies; and finally, to provide suggestions and recommendations for the hospitality and tourism industry sectors.