The Impact of Tourism on Zhuhai's Economy: An Empirical Analysis Based on Tourist Volume

Abstract

At present, all countries (regions) are working hard to overcome the economic downturn. Against the backdrop of the deteriorating economic situation in many industries, in nations all over the world, tourism has the potential to evolve into a vital industry that will boost economic expansion. To investigate how tourism affects the economy, this paper selected data such as the reception of tourist groups, the total volume of the tertiary industry, and the regional Gross Domestic Product in Zhuhai from 2017 to 2023 and conducted a regression analysis. The findings indicated that: The overall size of the local tertiary sector and the Gross Domestic Product of the region are significantly correlated. It shows a negative correlation between the number of tourist receptions and the total volume of the tertiary industry. This may be because a pandemic occurred during the selected years, which led to a significant impact on the tourism industry. At the same time, the data of other industries in the tertiary industry did not show a significant decline. Another possibility is that the limited number of data points makes it easier to produce abnormal research conclusions.