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Research Article

The Impact Of Economic Crisis On Tourism Industry: A Bangladesh Perspective


Author(s): Md. Ziaul Haque
Affiliation: Assistant Professor, School of Business, Primeasia University, Dhaka, Bangladesh. (zia10093@gmail.com)
Year of Publication: 2016
Source: International Research Journal Of Engineering, IT And Scientific Research
     
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Citation: Md. Ziaul Haque. "The Impact Of Economic Crisis On Tourism Industry: A Bangladesh Perspective." International Research Journal Of Engineering, IT And Scientific Research 2.1 (2016): 28-46.

Abstract:
The tourism sector is experiencing numerous challenges as a result of the global economic crisis. After a significant contraction in 2009, tourism rebounded strongly in 2010 and in 2011 the international tourist arrivals and receipts are projected to increase substantially. The Tourism industry is expected to show a sustained recovery in 2012. The crisis has particularly strong impact and slightly negative consequences in Bangladesh. The country is undergoing a political crisis, as well, and it seems that the forthcoming elections may be the only solution for the restoration of stability and social peace.


Keywords tourism, crisis, Bangladesh, financial, recession, social peace.


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@article{The1672624, author = {Md. Ziaul Haque}, title = {The Impact Of Economic Crisis On Tourism Industry: A Bangladesh Perspective}, journal={International Research Journal Of Engineering, IT And Scientific Research}, volume={2}, issue={1}, issn = {2454-2261}, year = {2016}, publisher = {Scholarly Citation Index Analytics-SCIA} }

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  • 11) Cali, M., Massa I., and Velde,W.T., (2008). Global Financial Crisis: financial flows to developing countries set to fall by one quarter" Overseas Development Institute. p.5. 12) Clarke, L. (1999). DGT Plans PATA, ICCA Pull-out. Transasia, 2-8 July, 3.
  • 13) European Travel Commission (October 2011). European Tourism: Trends & Prospects, Q3/2011. Retrieved November 3, 2011,
  • 14) Global Financial Crisis Bulletin (2009). Impact of the economic crisis on the hospitality, travel and leisure industry. Retrieved October 30, 2011,
  • 15) Global Financial Crisis has Significant Impact on Industry. Retrieved November 4, 2011, from sector-profiles/tourism-and-hotels
  • 16) Hasan,S.R (1992). Problems and Prospects of Tourism Industry in Bangladesh. Bureau of Business Research. University of Dhaka, pp 14-15.
  • 17) Henderson, C.J. (2006). Managing Tourism Crises. Butterworth-Heinemann, Elsevier, UK
  • 18) Hermann, F.C. (1972). International Crises: Insights from Behavioural Research (ed.). New York: Free Press
  • 19) Kader,G.S. (2013) Retrieved December 15, 2013,
  • 20) Kapiki,S.T. (2011). The Impact of Economic Crisis on Tourism and Hospitality: Results from a Study in Greece. Central European Review of Economics and Finance.1(2)

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