Economic Analysis of Tourism Sector in Pakistan

Abstract

Internati onal tourism has become a major foreign exch ange ea rn er fo r many lovv-in come countri es and small islands, and it is a principal export fo r 83% of developing coun tri es (WTO, 200 I). The economi c importance of the Travel and Tourism (T &T) sector should not be un derestimated. 'Tourism is the wo rld 's leadin g in dustry and th e wo rldwide amount of to urism spend i ng in creases sign in can tl y yea r by yea I". Tou rism is one of th e worl el" s largest industri es and has experi enced rap id growth in many developed and develop in g nations over th e last three decades (Li ef.a!. 2004).