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The impact of COVID-19 (SARS-CoV-2) in tourism industry: evidence of Kosovo during Q1, Q2 and Q3 period of 2020

Author

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  • Bekë Kuqi
  • Elvis Elezaj
  • Bedri Millaku
  • Adem Dreshaj
  • Nguyen Tan Hung

Abstract

Tourism is one of the sectors most affected by the non-arrival of our compatriots from the diaspora due to COVID-19. The tourism sector is experiencing a rapid and sharp decline in demand and an increase in job losses throughout our country in Kosovo, putting many businesses at risk. The pandemic (COVID-19) is, first of all, a crisis that is affecting the lives of citizens and has caused a global economic crisis, also in our country in Kosovo. COVID-19 has very tangible impacts on the tourism sector, which is vital for many people, and businesses. The data show that the tourism sector has had a decline in revenues compared to the same period last year, precisely due to the cessation of activities. According to the data, the most affected sector is tourism and therefore the government should use incentive level policies and provide financial support for this sector. The economy and the activity of the tourism sector has been further deteriorated by the non-arrival of our compatriots from the diaspora, due to the Pandemic, thus causing great losses in the tourism industry.

Suggested Citation

  • Bekë Kuqi & Elvis Elezaj & Bedri Millaku & Adem Dreshaj & Nguyen Tan Hung, 2023. "The impact of COVID-19 (SARS-CoV-2) in tourism industry: evidence of Kosovo during Q1, Q2 and Q3 period of 2020," Journal of Sustainable Finance & Investment, Taylor & Francis Journals, vol. 13(1), pages 92-103, January.
    • Handle: RePEc:taf:jsustf:v:13:y:2023:i:1:p:92-103
    DOI: 10.1080/20430795.2021.1883986
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