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The Covid-19 Pandemic Impact on the Saudi Arabia Tourism Sector: An Accountancy Approach

Author

Listed:
  • Seraj Bahrawe
  • Mohammed Abulkhair
  • Sami Mensi

Abstract

The article aims to determine the impact of the COVID-19 outbreak on the tourism industry in the world and in the Kingdom of Saudi Arabia. It adopts the financial data of listed companies in Saudi Arabia and uses the synthetic index compilation method to compile an accounting index that captures the period before and during the COVID-19 outbreak and measures the impact of the COVID-19 on the tourism sector. From this article, we recommend the appropriate policies to re-launch some tourism activities within the after COVID-19 period. It will be crucial to restore all types of travel, and domestic and international flights, improve direct and indirect employment and the recovery of many related business as travel agencies, hotels, and airline companies, which allow for economic and social benefits.

Suggested Citation

  • Seraj Bahrawe & Mohammed Abulkhair & Sami Mensi, 2023. "The Covid-19 Pandemic Impact on the Saudi Arabia Tourism Sector: An Accountancy Approach," Bulletin of Applied Economics, Risk Market Journals, vol. 10(2), pages 107-125.
    • Handle: RePEc:rmk:rmkbae:v:10:y:2023:i:2:p:107-125
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    File URL: https://www.riskmarket.co.uk/bae/journals-articles/issues/the-covid-19-pandemic-impact-on-the-saudi-arabia-tourism-sector-an-accountancy-approach/?download=attachment.pdf
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    More about this item

    Keywords

    COVID-19 Pandemic; Tourism Sector; Accountancy Approach; KSA.;
    All these keywords.

    JEL classification:

    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • L8 - Industrial Organization - - Industry Studies: Services

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