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on Tourism Economics |
| By: | Folinas, Sotiris; Duquenne, Marie - Noelle; Metaxas, Theodore |
| Abstract: | As the global tourism industry is under the sway of the novel Coronavirus, and the world still remains with limited medical capacity to threat the pandemic, with no vaccine and with its only weapon precautionary measures, masks, gloves and lockdown, a part of hospitality industry develops new stratagems and applies new tactics to survive the upcoming financial debacle. The almost worldwide lockdown, the brutal impact of mass cancelations caused by the virus’ spread, and the people's significantly reduced willingness to travel, produce major upheavals in the tourism economy. This study’s purpose is the recording and the highlighting of opportunities in the tourism sector in drastic times. For this study has been implemented the secondary research methodology with several pieces of literature such as scientific journal articles, preprint papers, government documents, data from global organizations and mass media data etc., but no primary research was conducted. As the phenomenon is still ongoing, there are not yet a significant number of published papers about the opportunities in the hospitality sector. The main findings of the present study are demonstrating that although this situation makes tourism highly vulnerable, the sector is also in a unique position to contribute to broader and just recovery plans and actions. Significant conclusions are the vulnerability of the travel sector and travel restrictions’ effects on the tourism industry, the appearance of a new form of hotel clients: ‘quarantine guests’, and the need for new survival strategies on the hotel industry based on virtualization and domestication. |
| Keywords: | Coronavirus, COVID-19, Opportunities, Hospitality Industry, Global Tourism, Economic Impact |
| JEL: | L83 |
| Date: | 2020–03–09 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:105584&r=all |
| By: | Daya, Audriy Shevannisa |
| Abstract: | Reasons Why Indonesia's Tourism should be more promoted because Indonesia's economic growth is also supported through the tourism sector. |
| Date: | 2021–03–25 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:52u8s&r=all |
| By: | Apriliani, Vilia |
| Abstract: | The management of tourist attractions is one of the main keys to increase the growth of the tourism sector. The role of the community and the government is a must in maintaining and developing tourist destinations. In this article, it will be discussed how to encourage the potential of Bali as an Indonesian tourist destination. |
| Date: | 2021–04–08 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:x5th8&r=all |
| By: | Raheem, Ibrahim; Ajide, Kazeem |
| Abstract: | There has been an increasing wave of globalization since the turn of the millennium. This study focuses on two by-products of globalization: dollarization and tourism. Empirical studies have ignored the possible relationship between dollarization and tourism. However, we hypothesize that a booming tourism industry will fuel increase in the usage and circulation of foreign currencies, thus increasing the level of dollarization. The objective of this study is to examine the extent to which the tourism industry exacerbates the dollarization process of selected Sub-sahara African (SSA) countries. Using Tobit regression, we found that tourism positively affects dollarization. Our results are robust to: (i) alternative measures of tourism; (ii) accounting for endogeneity and outlier effects. |
| Keywords: | Dollarization; tourism; Subsaharan Africa |
| JEL: | C1 E40 F31 |
| Date: | 2020–12 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:105505&r=all |