FACTORS IMPACTING FINANCIAL LOSS OF SMALL TOURISM BUSINESSES DUE TO COVID-19
Small tourism businesses are extremely affected by COVID-19 pandemic all over the world. The pandemic scenario in case of small tourism businesses in third-world country like Bangladesh was much critical. The study aims at evaluating factors responsible for financial loss of small tourism business...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Editura Universităţii din Oradea
2023-11-01
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| Series: | Geo Journal of Tourism and Geosites |
| Subjects: | |
| Online Access: | https://gtg.webhost.uoradea.ro/PDF/GTG-4-2023/gtg.50407-1125.pdf |
| _version_ | 1797341010288705536 |
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| author | Farzana AFROZ Kamrul HASSAN Jannatul FERDAUS |
| author_facet | Farzana AFROZ Kamrul HASSAN Jannatul FERDAUS |
| author_sort | Farzana AFROZ |
| collection | DOAJ |
| description | Small tourism businesses are extremely affected by COVID-19 pandemic all over the world. The pandemic
scenario in case of small tourism businesses in third-world country like Bangladesh was much critical. The study aims at
evaluating factors responsible for financial loss of small tourism businesses due to COVID-19 pandemic in Bangladesh. To
address the objective, Chi-square test, and logistic regression modeling have been applied to the quantitative primary data.
This study finds that education of the owner/manager, type of organization, office location, year of establishment, main targ et
customer and revenue earned before pandemic have significant relationship with financial loss during COVID-19. The results
of the research would assist entrepreneurs and policy-makers in weighing different factors directly connected with the profit
or loss in business and to formulate strategies for unpredicted crises. |
| first_indexed | 2024-03-08T10:11:42Z |
| format | Article |
| id | doaj.art-5714121014ff4a9a8f6402afca118417 |
| institution | Directory Open Access Journal |
| issn | 2065-0817 |
| language | English |
| last_indexed | 2024-03-08T10:11:42Z |
| publishDate | 2023-11-01 |
| publisher | Editura Universităţii din Oradea |
| record_format | Article |
| series | Geo Journal of Tourism and Geosites |
| spelling | doaj.art-5714121014ff4a9a8f6402afca1184172024-01-29T07:41:31ZengEditura Universităţii din OradeaGeo Journal of Tourism and Geosites2065-08172023-11-015041268127510.30892/gtg.50407-1125FACTORS IMPACTING FINANCIAL LOSS OF SMALL TOURISM BUSINESSES DUE TO COVID-19Farzana AFROZ0Kamrul HASSAN1Jannatul FERDAUS2University of Dhaka, Department of Statistics, Dhaka, Bangladesh, e-mail: farzana_bd87@yahoo.comUniversity of Dhaka, Department of Tourism and Hospitality Management, Dhaka, Bangladesh, e-mail: hassan_bd26@yahoo.comTEAB (Tourism Educators’ Association of Bangladesh), Research Wing, Dhaka, Bangladesh, e-mail: jannatulria99@gmail.comSmall tourism businesses are extremely affected by COVID-19 pandemic all over the world. The pandemic scenario in case of small tourism businesses in third-world country like Bangladesh was much critical. The study aims at evaluating factors responsible for financial loss of small tourism businesses due to COVID-19 pandemic in Bangladesh. To address the objective, Chi-square test, and logistic regression modeling have been applied to the quantitative primary data. This study finds that education of the owner/manager, type of organization, office location, year of establishment, main targ et customer and revenue earned before pandemic have significant relationship with financial loss during COVID-19. The results of the research would assist entrepreneurs and policy-makers in weighing different factors directly connected with the profit or loss in business and to formulate strategies for unpredicted crises.https://gtg.webhost.uoradea.ro/PDF/GTG-4-2023/gtg.50407-1125.pdffinancial losssmall tourism businesslogistic regressioncovid-19bangladesh |
| spellingShingle | Farzana AFROZ Kamrul HASSAN Jannatul FERDAUS FACTORS IMPACTING FINANCIAL LOSS OF SMALL TOURISM BUSINESSES DUE TO COVID-19 Geo Journal of Tourism and Geosites financial loss small tourism business logistic regression covid-19 bangladesh |
| title | FACTORS IMPACTING FINANCIAL LOSS OF SMALL TOURISM BUSINESSES DUE TO COVID-19 |
| title_full | FACTORS IMPACTING FINANCIAL LOSS OF SMALL TOURISM BUSINESSES DUE TO COVID-19 |
| title_fullStr | FACTORS IMPACTING FINANCIAL LOSS OF SMALL TOURISM BUSINESSES DUE TO COVID-19 |
| title_full_unstemmed | FACTORS IMPACTING FINANCIAL LOSS OF SMALL TOURISM BUSINESSES DUE TO COVID-19 |
| title_short | FACTORS IMPACTING FINANCIAL LOSS OF SMALL TOURISM BUSINESSES DUE TO COVID-19 |
| title_sort | factors impacting financial loss of small tourism businesses due to covid 19 |
| topic | financial loss small tourism business logistic regression covid-19 bangladesh |
| url | https://gtg.webhost.uoradea.ro/PDF/GTG-4-2023/gtg.50407-1125.pdf |
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