Impact of China Pakistan Economic Corridor on Local Economy and Tourism Development: Case of Hunza, Gilgit-Baltistan, Pakistan

Abstract

This studyis aimed to analyze therole of tourism in affecting the local economy of Hunza. The Structural Equation Modeling was applied for knowing the local people perception about CPEC projects and their effect ontourism economy development. In addition, descriptive statistics tools using STAT 12 have been used for the data analysisand priorto analysis, Cronbach’s alpha test was usedto check reliability ofvarious items of the questionnaire. The data werecollected from students, retailers, hotel owners, tour operators and travel agents.Results reveal thataccording tothe respondents, CPEC is a game changer for the economy. In addition, there is significant effect of CPEC projects on the tourism development in Hunza.Results of the studyalso revealed that CPEC projects have negative effecton environment and local culture.

Keywords

• cpec
• tourism development
• infrastructure
• economy
• hunza-pakistan