IDEAS home Printed from https://ideas.repec.org/a/brc/journl/v56y2022i2p169-175.html
   My bibliography  Save this article

Eu Tourism Industry Under The Impact Of The Crisis - Impact, Measures, Vulnerability

Author

Listed:
  • Daniel Bulin

    (The Institute for World Economy – Romanian Academy, Lecturer, Bucharest University of Economic Studies)

Abstract

The economic and social risks caused by the current economic and sanitary crisis are manifested on tourism on several levels: domestic and international tourism market (declining demand and, by induced effect, supply, tourist flows and exports), labor market (unemployment, vulnerable categories), structural issues (SMEs share in sector, tourism role for some communities and regions), quality of life (incomes, access to tourism). All these implications make the economic and social impact assessments difficult, and the uncertainty regarding the ‘back to normal’ time horizon shows the complexity of the prognosis. Based by the macroeconomic tourism and demand-side indicators, this article aims to analyse the evolution of tourism in the EU under the impact of the pandemic and assess the vulnerability of the tourism sector in member countries in terms of pre-pandemic levels of economic impact (GDP, labor market, multiplier effect, dependence on tourist exports). The paper also summarizes the main categories of fiscal and financial measures taken by policy makers since March 2020 that have generally aimed at ensuring the liquidity of SMEs and protecting jobs in the most affected sectors

Suggested Citation

  • Daniel Bulin, 2022. "Eu Tourism Industry Under The Impact Of The Crisis - Impact, Measures, Vulnerability," Management Strategies Journal, Constantin Brancoveanu University, vol. 56(2), pages 169-175.
    • Handle: RePEc:brc:journl:v:56:y:2022:i:2:p:169-175
    as

    Download full text from publisher

    File URL: http://www.strategiimanageriale.ro/papers/220206.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    tourism industry; EU; quantitative analysis; policy measures;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • F01 - International Economics - - General - - - Global Outlook
    • L88 - Industrial Organization - - Industry Studies: Services - - - Government Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:brc:journl:v:56:y:2022:i:2:p:169-175. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dan MICUDA (email available below). General contact details of provider: http://www.univcb.ro/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.