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Statistics Of The Evolution Of The Romanian Tourism Market In The Years After 1989

Author

Listed:
  • Nicolae Lupu

    ()

  • Ana-Maria Nica

    ()

Abstract

Tourism, as an economic phenomenon, is generally circumscribed to the theory of economic cycles and, in particular, to the long cycle theory, secular or Kondratiev. Over a period of 40-60 years, the long cycle has two phases, an upward one and a downward one, each with a duration of 20-30 years. After the era of industrialization in Romania, in the decades 6, 7 and 8, the inflection point is situated around 1980, followed by a long period of decline, accentuated even more by the squandering of the previously invested capital and by the structural changes which took place after 1989. After the recession of 2009-2010, in the sphere of tourism, several indicators have changed direction and intensity of development: the number of foreign visitors and the number of accommodation units have clearly increased, while the number of accommodation places, the number of overnight stays and, partially, the occupation rate were relaunched. „The world is beginning a new economic cycle, of 50 years of revolutionary technological innovation and digitalization of the industry” appreciates also Mugur Isărescu.

Suggested Citation

  • Nicolae Lupu & Ana-Maria Nica, 2016. "Statistics Of The Evolution Of The Romanian Tourism Market In The Years After 1989," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 8(3), pages 59-64, September.
  • Handle: RePEc:khe:journl:v:8:y:2016:i:3:p:59-64
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    More about this item

    Keywords

    Satistic Indicators; Accommodation Capacities; Tourism circulation; Long Economic Cycle; Relaunch.;

    JEL classification:

    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • Z38 - Other Special Topics - - Tourism Economics - - - Policy

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