IDEAS home Printed from https://ideas.repec.org/a/nea/journl/y2014i24p195-200.html
   My bibliography  Save this article

UK Tourism Industry during the Economic Crisis

Author

Listed:
  • Sokolova, E.

    (Department of Economics of Art, State Institute of Art Studies, Moscow, Russia)

Abstract

The UK has a developed tourist infrastructure and is one of the most visited countries in Europe and the world. The most important factor affecting the attendance of the country is its cultural and historical heritage. However, the economic crisis has had its negative impact on the prosperous economics of this industry. Carrying out the reform of the sphere of culture and tourism in the framework of the austerity measures, British government tried to cut funding for public institutions of this sphere, forcing them to increase the share of private funding in their budgets. However, today, before the industry faces challenges related to the need to maintain leadership in the global market. The article deals with the state policy in relation to the tourism industry in the face of increasing competition and of economic downturn.

Suggested Citation

  • Sokolova, E., 2014. "UK Tourism Industry during the Economic Crisis," Journal of the New Economic Association, New Economic Association, vol. 24(4), pages 195-200.
    • Handle: RePEc:nea:journl:y:2014:i:24:p:195-200
    as

    Download full text from publisher

    File URL: http://www.econorus.org/repec/journl/2014-24-195-200r.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    tourism industry; finance; economic crisis; culture; state policy;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

    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:nea:journl:y:2014:i:24:p:195-200. 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: Alexey Tcharykov (email available below). General contact details of provider: https://edirc.repec.org/data/nearuea.html .

    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.