The Impact of Seasonal Tourism on Uzbekistan's Economy
Schlagworte:
Tourism, Revenue, Seasonality, Fixed Effects Model, Sustainability, UzbekistanAbstract
Travel and tourism is an important industry in Uzbekistan, both in terms of industries income, job creation and inter-connectedness. However, seasonality affects resource utilization and growth rates in business organizations. This research analyzes the factors affecting tourism revenue in panel data of 200 observations for the fixed effects econometric model. These include the seasonality index, or temperature, the quality of the infrastructure available, cultural events, and the availability of sustainable practices. The research shows that ‘seasonality’ and ‘infrastructure’ are positively correlated with ‘revenue’ whereas ‘culture’ and ‘sustainability’ are both positive but reveal certain trade-offs’ impact. The outcomes justify increased effort and policy directions aimed at achieving a harmonious mixture of economic, structural, environmental, and cultural objectives. The findings of this work offer practical recommendations aimed directly at developing the strengths and overall sustainability of the tourism industry in Uzbekistan.
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