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Travel and Tourism in the New Member States of the European Union

Author

Listed:
  • DANIEL BULIN

    (IWE)

  • MARIA-IRINA ANA

    (IWE)

  • LAURA BRAD

    (IWE)

  • ANCA ANDREI

    (IWE)

Abstract

- Europe, in particular the European Union, brings together the most important tourism’ destinations on the continent and is the most important travel and tourism market. The European continent consolidates its position as the most visited region in the world, as the 671 million tourists reported last year represents just over half of the total number of tourists worldwide. According to the latest report released by the World Tourism Organization, the total number of international tourists reached a record 1.322 billion in 2017, up 7% compared with 2016. In the given context, the present paper provides an assessment of travel and tourism sector in the eleven New Member States of the EU, located in the Central and Eastern Europe, in terms of wellestablished indicators of tourism industry, such as the competitiveness of the sector, the balance of payments in international tourism, or the impact of tourism in the economy. The research methods used will include empirical data analysis, testing correlations and cluster analysis. Thus, in the initial phase of the research process, a brief literature review will be conducted, followed by the latest statistical data collection, interpretation and aggregation for each of the eleven member countries. Then, in regards to the cluster analysis, this will be carried out through the STATISTICA software, using the k-means method, and starting from five main components: the tourism competitiveness index, the multiplier effect, the share of tourism exports, receipts from international tourism, direct impact of tourism in GDP.

Suggested Citation

  • Daniel Bulin & Maria-Irina Ana & Laura Brad & Anca Andrei, 2019. "Travel and Tourism in the New Member States of the European Union," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 7(1), pages 016-027, June.
    • Handle: RePEc:ntu:ntugeo:vol7-iss1-19-016
    as

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    References listed on IDEAS

    as
    1. Oana Chindris-Vasioiu & Madalina Cristina Tocan, 2014. "The Impact of the European Union Enlargement on Tourism Development," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 6(2), pages 130-135, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    tourism competiveness; New Member States of the EU; balance of payments; multiplier effect of tourism; cluster analysis;
    All these keywords.

    JEL classification:

    • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis

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