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on Tourism Economics |
| By: | Gabe, Todd |
| Abstract: | This paper examines the effects of COVID-19 on coastal tourism in Bar Harbor, Maine, which was among the hardest hit regions statewide. The impacts of COVID-19 on Bar Harbor’s restaurant sector are separated into those related to the reduction in overnight tourists, the decrease in the recreational activities of day visitors and local residents (e.g., Acadia National Park users), the cancellation of cruise ship visits, and the nationwide decline in hospitality sales due to the COVID-19 shutdown. In July, which is during Bar Harbor’s peak tourist season, 52 percent of the area’s 2019 to 2020 year-over-year reduction in restaurant sales is due to the decrease in overnight visitors. In October, the decrease in overnight visitors explains only about 8 percent of the 2019 to 2020 year-over-year loss of restaurant sales, while the cancellation of cruise ships accounted for 47 percent of the impact on restaurant sales during this peak month for ships. Across all of 2020, Bar Harbor’s loss of overnight visitors explains 40 percent of the area’s reduction in restaurant sales, 35 percent of the decline is due to the nationwide impact of the pandemic and shutdown, 14 percent is related to the decrease in the recreational activities of day visitors and local residents, and the cancellation of cruise ships explains 11 percent of Bar Harbor’s loss of restaurant sales between 2019 and 2020. Knowing more about the channels by which COVID-19 impacted hospitality in Bar Harbor can help state and local officials with recovery efforts and support tourism along the Maine coast. |
| Keywords: | COVID-19, Tourism, Maine, Hospitality Industry |
| JEL: | L83 R11 |
| Date: | 2021–06–07 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:108180&r= |
| By: | Ibrahim D. Raheem (ILMA University, Karachi, Pakistan); Kazeem B. Ajide (University of Lagos, Lagos, Nigeria) |
| 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. 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. This result is robust to: (i) alternative measures of tourism; (ii) accounting for endogeneity and outlier effects. |
| Keywords: | Dollarization, Tourism, Sub-saharan Africa |
| JEL: | C11 E41 F31 |
| Date: | 2021–01 |
| URL: | http://d.repec.org/n?u=RePEc:abh:wpaper:21/008&r= |
| By: | OECD |
| Abstract: | Embracing digitalisation throughout the tourism ecosystem will help to drive the ability of business to build resilience in a post-COVID-19 era. This will include exploiting the opportunities digitalisation opens up for marketing, product and destination development, as well as investing in human capital and skills to retain and develop a skilled workforce. To support the digital transformation of the sector, this report examines: i) the role of digital technology in tourism and its impact on work organisation; ii) how digitalisation affects the demand for skills in the sector; and iii) the role of government in creating the conditions to support the digital transformation of tourism business models, and preparing the tourism workforce for change. Acknowledging that national policies will need to be responsive to needs across a diverse sector, with varying levels of digital maturity amongst enterprises (and people), the report presents a selection of policy considerations to prepare the tourism workforce for the digital future. |
| Keywords: | digital future, digital skills, tourism, workforce |
| JEL: | Z38 L83 J24 |
| Date: | 2021–06–03 |
| URL: | http://d.repec.org/n?u=RePEc:oec:cfeaab:2021/02-en&r= |
| By: | K M, Siby; V Varghese, Dr.Varun; C R, Shiju |
| Abstract: | COVID-19 pandemic broke out when the travel and tourism industry was at its peak. There was a trend among the new generation spending more time and money on recreational activities as stress relievers. Travel and Tourism were prominent activities in this regard. The spread of the pandemic was so fast and gripping that the country itself got into complete lockdown and consequent shocks in every aspect of the economy. The study attempted to analyze the changes that occurred in the travel and tourism industry as a result of the pandemic. The study made use of statistical tools such as five-point Likert scale analysis, Wilcoxon Test, Chi-Square Test to analyze the impact of Covid-19 pandemic on the Travel and Tourism industry in Kerala.The study inferred from the analysis that lockdowns due to the Covid pandemic had significant and enduring negative impacts on the business prospects of stakeholders in the travel and tourism industry. |
| Keywords: | Travel and tourism industry, Covid Pandemic, Average occupancy rate, Average quarterly turnover |
| JEL: | A1 A10 |
| Date: | 2021–05–18 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:108242&r= |