**4. Results**

The research results were presented by assuming the following structure. First, the level of investment attractiveness and its profile according to previously defined administrative areas were discussed. Next, the obtained results were compared with actual investments in the field of accommodation facilities. At the same time, the degree of tourism investment and overtourism in municipalities of the spatial scale was described. The combination of two indicators of investment attractiveness and the level of real tourism investments was the basis for determining investment gaps. Potential areas for investment development and mitigation of the effects of overinvestment and overtourism were identified.
