| Abstract: |
Regions around the world have faced many unexpected events, such as terrorist
attacks, political crises, economic crises and pandemics, and these have
affected their functions and structures, leading to destabilization. Each
region responded differently to these shocks and crises: some regions overcame
successfully, while others did not, some regions reacted directly and quickly,
and others more slowly. Following the economic crisis of 2008-2009, the
tourism industry has shown in some regions that it is more resilient to the
economy of those regions. Given the current context caused by the new
coronavirus COVID-19, the tourism industry has felt the effects as hotels and
restaurants have been closed, international flights canceled, and depending on
each region or country, various measures have been taken to ban travel,
isolation and social distancing, and these measures can make major differences
in the recovery of tourism. This paper presents a method of measuring the
economic resilience of the European Union's tourism industry, assuming that
regions based on domestic tourism will recover much faster than the rest of
the regions. The questions that determined me to choose this research topic
starting from the approach that in conditions of crisis the tourism industry
is affected but it recovers would be: The tourism industry recovers faster
than the regional economy following an economic crisis? Are the cycles of the
regional economy and the tourism industry correlated? |