International Journal on Recent Trends in Business and Tourism (IJRTBT)

An Analysis of Factors Influencing Ocean Tourism Under Government Regulations in Nigeria

2024-09-30T06:59:54+00:00

Ocean tourism in Nigeria remains undeveloped despite its potential, profitability, and sustainability. The industry's current situation is attributed to factors that affect and impact it in the presence of government regulations. The importance of ocean tourism in Nigeria cannot be overemphasized since it brings economic diversification, job creation, foreign exchange earnings, infrastructure development, cultural exchange, environmental awareness and conversation, community development, promotion of local business, and global visibility. Factors that impact ocean tourism in Nigeria include infrastructure, safety and security, environmental quality, regulatory framework, marketing and promotion, cultural and heritage attractions, accessibility, tourist facilities, political stability, and economic factors. Developing ocean tourism in Nigeria would considerably be a game changer in improving economic activities that create a lot of business opportunities.

Influence of Industrialization on Sustainable Development: Evidence from Asian and European Developing Countries

2024-10-18T04:35:37+00:00

The purpose of this study is to examine the impact of industrialisation on sustainable development in developing Asian and European nations between 1990 and 2022. To accomplish this, the study employed a panel dataset and a variety of econometric models, including panel unit root, cointegration, and an autoregressive distributed lag (ARDL) model, to estimate the short-run and long-run dynamics between the variables. Moreover, the dynamic least squares (DOLS) model is used for confirming the robustness of the study’s findings. The cointegration result verifies that there is one-way cointegration between the concerned variables. The Panel ARDL's findings reveal that industrialisation has a long-run positive influence on sustainable development (as expressed by SDI) in developing nations in both Asia and Europe. However, compared to developing nations in Europe, industrialisation has a greater influence on sustainable development in Asian developing nations. However, industrialisation has a short-term detrimental impact on sustainable development in developing nations in both Asia and Europe. Therefore, the present study's statistical findings support the incidence of the Environmental Kuznets Curve (EKC) hypothesis in developing Asian and European nations, highlighting the idea that industrialisation initially undermines sustainability (especially environmental sustainability) but eventually promotes sustainable development. These results offer compelling evidence that, on the long-term horizon, one of the major driving forces ensuring sustainable development in developing Asian and European countries is industrialisation.

Developing Eco-Friendly Artistic Accommodations: Strategies for Transforming Weizhou Island into A Premier Homestay Destination for Tourists

2024-05-10T08:12:57+00:00

This study examines the transformation of Weizhou Island, China, into a premier tourist destination through the development of eco-friendly artistic accommodations. Amidst the rapid growth of global tourism, Weizhou Island faces both opportunities and challenges. While tourism can stimulate local economies and foster cultural exchange, it also introduces environmental and social concerns. The research employs an extensive literature review of sustainable tourism practices, eco-friendly accommodations, and community engagement to identify critical gaps and formulate actionable strategies tailored to the island’s unique context. It emphasises sustainable tourism by balancing ecological conservation, cultural preservation, and economic development. The findings highlight the importance of sustainable tourism policies and effective destination management in fostering eco-friendly and culturally sensitive homestays. Destination social responsibility emerges as a key mediator, connecting policy and management with sustainable outcomes. This underscores the need for a comprehensive approach incorporating local community engagement and environmental stewardship in tourism strategies. The study advocates integrating artistic and ecological elements in homestay designs to enhance tourist experiences while preserving the island’s natural and cultural heritage. These strategies aim to attract tourists and ensure the long-term sustainability and resilience of the local tourism industry.