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International Tourism Development in the Context of Increasing Globalization Risks: On the Example of Ukraine’s Integration into the Global Tourism Industry

Author

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  • Yurii Kyrylov

    (Department of Economics, Kherson State Agrarian University, 23 Stritenska Street, 73006 Kherson, Ukraine)

  • Viktoriia Hranovska

    (Department of Economics, Kherson State Agrarian University, 23 Stritenska Street, 73006 Kherson, Ukraine)

  • Viktoriia Boiko

    (Department of Economics, Kherson State Agrarian University, 23 Stritenska Street, 73006 Kherson, Ukraine)

  • Aleksy Kwilinski

    (The London Academy of Science and Business, 120 Baker Street, London W1U 6TU, UK)

  • Liudmyla Boiko

    (Department of Economics, Kherson State Agrarian University, 23 Stritenska Street, 73006 Kherson, Ukraine)

Abstract

Today, international tourism is one of the most affected sectors of the economy due to the global COVID-19 pandemic. The main purpose of this article is to analyze current trends and identify prospects for the international tourism development in the context of increasing globalization risks in the world, using the example of Ukraine’s integration into the global tourism industry, as Ukraine is located in the centre of Europe and belongs to a number of countries with developing economies, and has the potential to expand its tourism industry, which may be of interest to the international scientific community in terms of overcoming the bifurcation point of its economic development. Analyzing the tourism industry, as one of the most progressive sectors of the world economy, we used general scientific and special research methods (abstract-logical, statistical, systemic analysis and synthesis, abstract-theoretical, and correlation-regression analysis). The paper analyzes major indexes of international tourism development in the modern globalized world and details the risks emerging during the global COVID-19 pandemic. It examines the global dynamics of tourism flows, where France, Spain, and the USA are unquestionable leaders. The study considers foreign exchange earnings of international tourism and the industry contribution to the gross domestic product of countries being an essential component of national budgets. Based on the study conducted, there were developed reliable forecast models for the tourism industry development in the countries under research. These models will provide an opportunity to generate reliable forecasts, which will allow timely identification of potential threats and making effective decisions to address them. At the same time, the issues of managing information support of economic entities in the field of international tourism need to be further developed in order to reduce risks.

Suggested Citation

  • Yurii Kyrylov & Viktoriia Hranovska & Viktoriia Boiko & Aleksy Kwilinski & Liudmyla Boiko, 2020. "International Tourism Development in the Context of Increasing Globalization Risks: On the Example of Ukraine’s Integration into the Global Tourism Industry," JRFM, MDPI, vol. 13(12), pages 1-18, December.
    • Handle: RePEc:gam:jjrfmx:v:13:y:2020:i:12:p:303-:d:454440
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    References listed on IDEAS

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    2. Mihai TALMACIU & Irina Teodora MANOLESCU, 2022. "Enhancing competitiveness and resilience of tourism in crises condition. Experiences from Eastern Partnership countries," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 13(4), pages 381-399, January.
    3. Henryk Dźwigoł, 2021. "The Uncertainty Factor in the Market Economic System: The Microeconomic Aspect of Sustainable Development," Virtual Economics, The London Academy of Science and Business, vol. 4(1), pages 98-117, January.
    4. Aleksandra Kuzior & Mariia Kashcha & Olha Kuzmenko & Serhiy Lyeonov & Paulina Brożek, 2022. "Public Health System Economic Efficiency and COVID-19 Resilience: Frontier DEA Analysis," IJERPH, MDPI, vol. 19(22), pages 1-14, November.
    5. Danny Daniel Castillo Vizuete & Alex Vinicio Gavilanes Montoya & Gabriela Estefanía Román Santamaría, 2023. "Evaluation of the Importance of rural tourist attractions in Riobamba Canton, Ecuador," Environment Systems and Decisions, Springer, vol. 43(2), pages 200-210, June.
    6. Filippo Bazzanella & Nunzio Muratore & Philipp Alexander Schlemmer & Elisabeth Happ, 2021. "How the Covid-19 Pandemic Influenced the Approach to Risk Management in Cycling Events," JRFM, MDPI, vol. 14(7), pages 1-20, June.
    7. Radosław Miśkiewicz & Krzysztof Matan & Jakub Karnowski, 2022. "The Role of Crypto Trading in the Economy, Renewable Energy Consumption and Ecological Degradation," Energies, MDPI, vol. 15(10), pages 1-15, May.
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    9. Irina-Teodora MANOLESCU & Mihai TALMACIU, 2021. "Resilience and adaptability of tourism in EaP region - a systematic literature review," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 13(3), pages 260-290, November.
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