Research Investigation Dissertation Example | Topics and Well Written Essays - 5000 words

Research Investigation - Dissertation Example The state-of-the art facilities and other tourism infrastructure including stadiums, malls and urban transportation have greatly promoted the tourist sector, registering economic strides, generating a powerful multiplier effect on the economy. This positive growth in the economy has helped solve Dubai debt crisis in the United Arab Emirates region. Government debt crisis has been at the verge of increasing with companies like Dubai World claiming that they need more time to repay their debt installments. However, the economic turn point in tourism development has greatly contributed in managing Dubai debt crisis. This study aimed at examining the economic impact of tourism in Dubai and impact on its debt crisis. The research involved the use of both qualitative and quantitative methods of data analysis. A survey in questionnaires that would compare with UK tourists and Chinese tourists to Dubai was conducted. The researcher interviewed approximately ten students with knowledge about the Dubai economy and tourism. The primary data and secondary data was collected, analyzed and interpreted in graphs and charts. Increased growth of Dubai tourism sector has positive impact on the economy, helping in managing the debt crisis. CHAPTER 1: INTRODUCTION 1.1 Rationale for Research Study Over the last three decades, Dubai’s economy was largely dependent and operated by oil and real estate, resulting to minimal sources of economic resources to drive the economy forward. Lack of diversification in industries to reduce the economic risks of a retrogressive economy and the economic powerhouse of Dubai should concentrate on diversified economic activities such as tourism, which will steer the economy forward and help reduce the economic crisis of Dubai especially on debt. The emerging global levels of tourism in the foreseeable future in Dubai are likely to contribute positively to Dubai economy, raising the economic gains of Dubai. Given the significant impact of touri sm on the economy of Dubai in a wider spectrum, accurate forecast of the demand for the tourism services is a fundamental aspect that will remain a key driver in alleviating and solving Dubai economic crisis of debt 1.2 Problem statement The study intends to address the key issue of economic significance of tourism plus its influence on the debt crisis of Dubai. The research will be embedded in addressing the tourism sector and demonstrating how progressive it has been for the past years and critically examine the economic value of it and bring out its importance in solving the economic crisis of Dubai’s debt. Unlike other Emirates of the United Arab Emirates, Dubai is not endowed with rich oil resources. Dubai in the process of attracting investors from around the world, developed and spent a lot of money on building roads and star hotels among other infrastructural developments to woo the international entrepreneurs. For various reasons, an economic crisis was evident with real estate investment collapsing. 1.3 Research Aim and Objectives 1.3.1 Research Aim The aim of this research study is to examine the economic impact of tourism in Dubai and its impact on its debt crisis. 1.3.2 Research Objectives The research will accordingly be directed by the following specific objectives. 1. To identify the tourism development of Dubai destination. 2. To identify the