AI summary · arXiv: 2211.03411v1 · econ.GN

Prospects and Challenges for Sustainable Tourism: Evidence from South Asian Countries

Janifar Alam, Quazi Nur Alam, Abu Kalam

Original paper · DOI Submitted to arXiv on 07 Nov. 2022 License: CC BY 4.0

The essentials

  • Tourism is a rapidly expanding industry worldwide, providing significant foreign exchange profits and job opportunities.
  • Major challenges facing sustainable tourism in South Asia include inadequate infrastructure facilities, insufficient recreation facilities, security and safety concerns, lack of proper training and HR, insufficient planning from governments, inadequate marketing and information dissemination, limited product development, low levels of tourism awareness among locals and political instability.
  • To achieve long-term growth in regional tourism, the government should establish policies involving public-private investment and collaboration.
  • Socioeconomic benefits of tourism in Bangladesh include GDP contribution, job creation, foreign currency gains, infrastructure development investment opportunities poverty alleviation government revenue cultural enhancement.
  • Bangladesh has huge potential for development due to its natural beauty and rich cultural legacy but fails to impact its target due to ineffective marketing strategies.
  • Both governmental and private investment are critical for growth in the sector while regional cooperation can help Bangladesh achieve its goals.
  • Stakeholders want more inward investment from the private sector to capitalize on advancements made in infrastructure developments within the tourism sector while economic environmental social factors influence industry development.
  • There is a need for a connection between travel/tourist business environment infrastructure development achieved level of service improvement which is critical for any country's economic development.

Key points written by AI: they may contain errors, check them against the paper.

AI-generated keywords: Tourism Sustainable Infrastructure Investment Marketing

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  • Original abstract
Tourism is a rapidly expanding industry worldwide, providing significant foreign exchange profits and job opportunities. A recent study based on secondary sources aimed to illustrate the current state of the tourism industry in South Asia, identify constraints, and recommend key developments for achieving sustainable tourism. The study found that major challenges facing sustainable tourism in the region include inadequate infrastructure facilities, insufficient recreation facilities, security and safety concerns, lack of proper training and HR, insufficient planning from governments, inadequate marketing and information dissemination, limited product development, low levels of tourism awareness among locals and political instability. To achieve long-term growth in regional tourism, the government should establish policies involving public-private investment and collaboration. Additionally, strategic leadership from Bangladesh's government agencies and foreign direct investment could generate new opportunities while reducing weaknesses and eliminating threats. Redwan (2014) emphasized the socioeconomic benefits of tourism in Bangladesh such as GDP contribution, job creation, foreign currency gains, infrastructure development investment opportunities poverty alleviation government revenue cultural enhancement. Tuhin and Majumder (2015) highlighted that despite being a relatively new tourist destination on the global map with huge potential for development due to its natural beauty and rich cultural legacy Bangladesh fails to impact its target due to ineffective marketing strategies. The authors suggested that both governmental and private investment are critical for growth in the sector while regional cooperation can help Bangladesh achieve its goals. Khan et al., (2018) noted that stakeholders want more inward investment from the private sector to capitalize on advancements made in infrastructure developments within the tourism sector while economic environmental social factors influence industry development. In conclusion, there is a need for a connection between travel/tourist business environment infrastructure development achieved level of service improvement which is critical for any country's economic development. The International Journal of Multidisciplinary Research & Technology has an impact factor of 6.328 which indicates its significance as an important source of scholarly research on this topic.

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