Factors Affecting Tourism Demand in Maldives
The role of tourism in the economy is very significant, providing many job opportunities and an important part of the development cycle taking place in any country's economy. This paper analyzes the determinants for tourism in Maldives from the top ten countries. A collection of data from...
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| Main Author: | |
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| Format: | Final Year Project Report |
| Language: | English |
| Published: |
Universiti Malaysia Sarawak, (UNIMAS)
2019
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/46536/1/CHOK%20YEE%20CHERN%20ft.pdf http://ir.unimas.my/id/eprint/46536/ |
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| Summary: | The role of tourism in the economy is very significant, providing many job
opportunities and an important part of the development cycle taking place in any country's
economy. This paper analyzes the determinants for tourism in Maldives from the top ten
countries. A collection of data from the panel is gathered from 2010 to 2018. The balanced
panel model is used to analyze the relationship between nominal gross domestic product,
exchange rate and transport costs of the top ten countries with the number of tourists
arriving in Maldives. The results showed that the nominal gross domestic product,
exchange rate and transportation costs of the top ten countries co-integrate with the
number of tourist arrivals. Additionally, the variables have a unidirectional and
bidirectional relationship. The results of the model are therefore important because it can
give policymakers and related authorities an insight into attracting more international
tourists. |
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