Trend and Performance of TourismIndustries in Bangladesh:An Empirical Analysis

Abstract

Tourism has become an art and science of business strategy for attracting the people to the natural beauties of a particular place. It has proved to be an effective means of capital formation besides creating new avenues for employment. Moreover, it also provides a significant foreign exchange to country. However, this paper highlights the overview of tourism industry in Bangladesh. Bangladesh has passed a decade with average GDP growth of around five percent. Behind this consistent growth, there is a strong support coming from tourism sector. Statistical equation has been used to
analysis trends and performances of annual incomes in tourism sector. This study has identified some factors which affect the tourism business. This paper also evacuates strengths, weaknesses, opportunities, and threats of tourism industry in Bangladesh. The paper has been done to prove that political environment is the important factor which influences the tourism industry in Bangladesh. Some of the major problems of
tourism industry in Bangladesh as suggested by the respondents are highlighted in this study. The principle guideline of this study is to support of tourism related people for tourism planning and development that help for the successful.