Factors Affecting Tourism Industry and Its Impacts on Global Economy of the World

32 Pages Posted: 24 Mar 2020 Last revised: 24 Dec 2020

See all articles by Naushad Khan

Naushad Khan

University of Agriculture, Peshawar - Institute of Development Studies

Absar Ul Hassan

affiliation not provided to SSRN

Shah Fahad

University of Agriculture, Peshawar

Mahnoor Naushad

University of Agriculture, Peshawar

Date Written: March 23, 2020

Abstract

Tourism industry play great role in the development of a world and it positively and negatively correlated with the economic growth of the global economy. Seeing to its importance the present study was arranged since 23, March, 2020. The universe of the study was the world. The major objective of the study was to examine the factors which affect tourism industry positively and negatively while also study its impact on the global economy of the world. Secondary data were used and total 18 articles were downloaded from the net and read many times and analyzed the situation. The analysis indicates that tourism industry keep tight correlation with the economic growth of the global economy while there are so many factors which affect the tourism industry positively and negatively which in the long run or short run affect the global economy of the world negatively and positively. Among these factors culture, peace, security, developed infrastructure of the world, visa facilities, natural beautification, attitude of the people, tourist number, Quarantine, World population, Education, Income level, Price level of different commodities in the world, different languages and fare of hotel etc are the well known factors which affect the tourism industry positively and negatively in the world. Similarly on one side these factors push the tourism industry in the short and long run positively and negatively while on the other side affect the economic growth of the global economy of the world negatively and positively. Recently due to bad quarantine the corona virus spread into the whole world which has now closed all sectors of the world economies and the government have banned people from social contacts from one another in the world and the government told to them to stay at your home and through this methodology which was applied by China will be escaped from this virus pandemics. So tourism is link with every sector of the economy. More money is earned by governments in the world. The people enjoy the time very well while they were charged by government which increase the revenue of the government and generate new employment in the countries of the world which improve socioeconomic condition of the world community and give prosperity to them. There are so many problems which affect to this industry negatively while few are mentioned here for explanation: Terrorism decrease the number of tourist in the world; Visa problems and flight problems also decrease the number of tourist in the world; Bad transportation also affect the tourism industry negatively; Hotel and transportation high fare also decrease the number of tourist in the world; Bad attitude of the country also affect the tourism industry negatively in the world. On the basis of problems the study recommend that to provide tight security to tourism spot in the world; Decrease fare of the hotel and transportation in the world; Easy Visa and Transportation should be provided to tourist in the world; Clean food should be provided on the tourism spot to tourist in the world; Good and tight quarantine should be provided at the entry and out point in the world; Tourist should be behaved in a good manner and never used abused words to them; Always give honor to tourist in the world on the tourism spot. Good and honest staff should be appointed in the tourism industry for running the system. By all world government good policy should be prepared for tourism enhancement.

Keywords: Factors, Tourism Industry, Impacts, Global Economy of the World

Suggested Citation

Khan, Naushad and Hassan, Absar Ul and Fahad, Shah and Naushad, Mahnoor, Factors Affecting Tourism Industry and Its Impacts on Global Economy of the World (March 23, 2020). Available at SSRN: https://ssrn.com/abstract=3559353 or http://dx.doi.org/10.2139/ssrn.3559353

Naushad Khan (Contact Author)

University of Agriculture, Peshawar - Institute of Development Studies ( email )

University Campus
Peshawar, khyber Pakhtunkhwa 25000
Pakistan

Absar Ul Hassan

affiliation not provided to SSRN

Shah Fahad

University of Agriculture, Peshawar

Pakistan

Mahnoor Naushad

University of Agriculture, Peshawar

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