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on Tourism Economics |
| By: | Said El Atiek (PSB - Paris School of Business - HESAM - HESAM Université - Communauté d'universités et d'établissements Hautes écoles Sorbonne Arts et métiers université); Stéphane Goutte (Université Paris-Saclay) |
| Abstract: | The Russian airplane crash in 2015 has severely affected the tourism industry in Egypt. The present article is focused on the impacts of economic, political, and social impacts on Egyptian tourism after this crisis. The present study aimed at dealing with the crisis to mitigate the consequences and allow the companies to make the best use of it to restore their business. The present article has also discussed the crisis impacts on the financial situation of company A which is one of the top five hospitality companies in Egypt. Crisis management and investments in human resources were the most effective strategies to overcome the harsh consequences of the crisis on tourism sector. The present study data is based on the Egyptian ministry of tourism figures, internet, articles, and international channels reports aimed to explain how the political, social, and economic events had a negative impact on the hotel industry in Egypt. |
| Keywords: | Egypt Russian air plane Sharm El-Sheikh Tourism crisis Economic impact Political impact social imact, Egypt, Russian air plane, Sharm El-Sheikh, Tourism crisis, Economic impact, Political impact, social imact |
| Date: | 2023–01–01 |
| URL: | http://d.repec.org/n?u=RePEc:hal:wpaper:halshs-03917358&r=tur |
| By: | Seraj Bahrawi (Al-Baha University); Mohammed Abulkhair (Al-Baha University); Sami Mensi (Univ. of Manouba & ECSTRA Laboratory) |
| Abstract: | The outbreak of COVID-19, labeled as a black swan event, causes significant damage globally due to its fatality. The COVID-19 pandemic has expanded across the world by creating shocks in almost all the industries due to the restrictions, curfews, stay-home and work-from-home policies, and quarantines. As a result of the health and economic crisis with the COVID-19 pandemic, the tourism sector got severely affected. The UNWTO has estimated a loss of approximately 1.1 billion international tourist arrivals, with a loss of US$ 910 to 1.1 trillion export revenues and 100-120 million jobs due to the wider spread of the novel coronavirus. Therefore, this paper aims to determine the impact of the COVID-19 outbreak on the tourism industry in the world and in the Kingdom of Saudi Arabia. This article adopts the financial data of listed companies in Saudi Arabia and uses the synthetic index compilation method to compile an accounting index that captures the period before and during the Covid-19 outbreak and measures the impact of the Covid-19 on the tourism sector. From this article, we recommend the appropriate policies to re-launch some tourism activities within the after Covid-19 period. It will be crucial to restore all types of travel, and domestic and international flights, improve direct and indirect employment and the recovery of many related business as travel agencies, hotels, and airline companies, which allow for economic and social benefits |
| Date: | 2022–12–20 |
| URL: | http://d.repec.org/n?u=RePEc:erg:wpaper:1623&r=tur |